Financials Market: Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion stock

Larry Ellison, Oracle's co-founder and chairman, canceled his planned sale of up to 50 million Oracle shares (approximately $7.5 billion). The decision was announced by Oracle on September 13, 2026, one day after the plan was disclosed, with no reason provided. The trading plan, established in late June and set to expire in late October 2026, had not resulted in any sales. Ellison, who retains a 40% stake and is the largest individual shareholder, stated he has no further sale intentions. This move comes amid a challenging year for Oracle, as shares have dropped about 23% due to heavy investments in AI data centers and its role as a major owner and security partner for TikTok's U.S. operations, despite cloud revenue growing 121% year-over-year. Ellison has also pledged 346 million shares as collateral for personal loans and continues backing his son's ventures, including guaranteeing $40 billion for the Warner Bros. Discovery acquisition.