Oracle's Ellison cancels plan to sell $7.5B in stock

Oracle co-founder and executive chairman Larry Ellison canceled a plan to sell up to 50 million shares worth roughly $7.5 billion at the September 11 closing price, Reuters reported on September 12, 2026. The move came just one day after Oracle disclosed the Rule 10b5-1 trading plan in a regulatory filing.

The company stated that no shares were sold under the plan, which was adopted on June 22, 2026, and had been scheduled to expire on October 24. Oracle noted that Ellison has no other plans to sell company stock, giving no reason for the reversal. Ellison owns more than 38% of Oracle, remaining its largest shareholder.

The cancellation followed Oracle's fiscal first-quarter results, where revenue rose 30% year over year to $19.3 billion and adjusted earnings per share reached $1.92. Negative free cash flow of $5.40 billion beat analyst expectations of a $9.56 billion outflow, while the revenue backlog reached $664 billion.

Oracle shares have fallen nearly 23% year to date and stood more than 18% below their June 18 closing level. The company plans to raise about $40 billion through debt and equity during fiscal 2027 and increased expected restructuring costs by roughly $700 million to cut jobs and adjust operations.