Finance · updated 1h ago · 2 min read
Larry Ellison Cancels Oracle Plan to Sell Up to 50 Million Shares Worth $7.5 Billion
Ellison canceled a plan to sell up to 50 million Oracle shares worth $7.5 billion. No shares were sold under the plan; adopted June 22, 2026, expiring October 24, 2026.
Whether cancellation signals undervaluation conviction.
7 of 8 outlets skipped it: oracle’s announced 664bn revenue backlog.
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STL.News
“Oracle itself has not publicly attributed the cancellation to valuation, and investors should not automatically interpret the decision as an official declaration by Ellison that Oracle stock is undervalued.”Read the original ↗
24/7 Wall St. frames cancellation as a conviction signal, while STL.News cautions investors not to assume undervaluation motives.
Ellison cancels $7.5B sale
Oracle said on Saturday that co-founder and executive chairman Larry Ellison canceled a plan to sell up to 50 million Oracle shares, worth about $7.5 billion at Friday’s closing price.
“canceled a plan to sell up to 50 million Oracle shares, worth about $7.5 billion”
Reuters reported that the plan had been adopted on June 22, 2026 and was scheduled to expire on October 24, 2026, before Ellison called it off.
Oracle also stated that "No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock," removing the possibility of the authorized insider sale.
CNBC added that Ellison has held onto a substantial portion of the company he founded in 1977 and continues to control more than 40% of Oracle, as the stock has dropped roughly 23% this year.
Rules, timing, and market
The cancellation came after Oracle disclosed the trading plan in a regulatory filing, and the Times of India said the timing drew attention because European market-abuse rules would not have allowed an executive to trade during the 30 days before financial results.
The Times of India also quoted Oracle’s statement that "No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock," while noting the plan was due to remain in place until October 24.
24/7 Wall St. said the plan was adopted on June 22, 2026 under a Rule 10b5-1 trading plan and that Oracle disclosed the cancellation in a regulatory filing on Sept. 211, 2026.
Reuters said Oracle did not give a reason for the cancellation, even as the shares were down nearly 23% year to date and were more than 18% below their June 18 close, the last trading day before Ellison adopted the plan.
AI spending and cash pressure
Reuters linked the stock pressure to investor concerns over soaring capital expenditure that has pressured free cash flow, and it said Oracle reported quarterly results that topped Wall Street estimates earlier in the week before the shares later reversed course.
“soaring capital expenditure that has pressured its free cash flow”
The Reuters report also said Oracle announced restructuring costs that, as part of a plan that includes job cuts, will rise by about $700 million.
24/7 Wall St. put the scale of Oracle’s AI buildout in financial terms, citing a $664 billion revenue backlog and saying Oracle booked more than $30 billion in new AI cloud contracts in Q1 alone.
Pluang added that Oracle co-founder Larry Ellison canceled his plan to sell up to 50 million Oracle shares worth about $7.5 billion, while also noting that Oracle faces high capital expenditures and negative free cash flow as it expands AI cloud growth.