Larry Ellison Cancels Plan to Sell $7.5 Billion in Oracle Stock

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โดย The Wall Street Journal·US·Read original
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Larry Ellison canceled his plan to sell Oracle stock on Saturday, a day after a regulatory filing revealed he had adopted a trading plan to unload up to 50 million shares worth roughly $7.5 billion. No shares changed hands before he reversed course, and Oracle said in a statement that no Oracle stock was sold under that plan and that Ellison has no other plans to sell any of his Oracle stock, offering no explanation for the cancellation. The trading plan, known as a 10b5-1 plan, had been adopted on June 22 and was set to expire on Oct. 24, according to The Wall Street Journal, and Ellison's stake amounts to more than 40% of the company, a position the 82-year-old has held since Oracle's early days. Oracle stock has fallen more than 23% this year, and a Wall Street Journal analysis determined that roughly 24% of Ellison's approximately $200 billion net worth had been pledged as collateral. Oracle has been spending heavily to build out artificial intelligence data center infrastructure, planning to raise approximately $40 billion through a combination of borrowing and equity issuance in the current fiscal year, following capital expenditures of $55.7 billion in fiscal 2026 that left it with a cash outflow of $23.7 billion more than it generated, with total debt now at $125 billion. In its most recent quarter, Oracle reported cloud infrastructure revenue that more than doubled, rising 121% to $7.4 billion, while overall revenue grew 30% year over year to $19.35 billion and the company raised its full-year fiscal 2027 revenue outlook to a minimum of $90 billion. Ellison has committed more than $40 billion of his own wealth to finance his son David Ellison's effort to take over Warner Bros. Discovery in a transaction that carries a price tag of nearly $80 billion, according to The Wall Street Journal, and that proposed acquisition is being contested in court over antitrust concerns, according to CNBC.

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Cloud & Digital Infrastructure▲ · 1 stocks
Oracle Corporation
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Ellison canceled his plan to sell up to 50M Oracle shares, removing a potential overhang but with no explanation given.

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