Larry Ellison Cancels $7.5 Billion Oracle Stock Sale

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Oracle Executive Chair and Chief Technology Officer Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth approximately $7.5 billion, according to a regulatory filing disclosed on Sept. 11, 2026 and confirmed by the company the next day. The Rule 10b5-1 trading plan, adopted June 22, 2026, would have allowed sales through October 24, but no shares were sold under it and no other plans to sell Oracle stock were disclosed; Oracle gave no reason for the cancellation. A person close to Ellison said he views the shares as undervalued after the stock fell roughly 16% to 18% since the plan was adopted, and Oracle shares closed at $150.28 on Sept. 11, down 1.82% that day, down 22.15% year-to-date from $193.03 at year-end 2025, and lower by 50.63% over the past year from $304.38. The decision followed a Q1 fiscal 2027 report in which revenue reached $19.345 billion, up 29.61% year over year and above the $19.129 billion consensus, adjusted EPS of $1.92 beat the $1.7391 consensus, and Cloud Infrastructure revenue rose 121% year over year to $7.388 billion. Remaining Performance Obligations reached $664 billion, up $209 billion year over year, and Oracle guided fiscal 2027 revenue to at least $90 billion with non-GAAP EPS of $8.10, while free cash flow was negative $5.396 billion as capital expenditures hit $28.499 billion. The board declared a $0.50 per share quarterly dividend with a record date of Oct. 9, 2026 and payment date of Oct. 23, 2026, and Oracle plans to unveil an agentic AI accelerator at AI World in October.

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Executive Chair Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth ~$7.5 billion, viewing the stock as undervalued after its decline.

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