Larry Ellison Cancels Planned $7.5 Billion Oracle Stock Sale

Oracle co-founder and executive chairman Larry Ellison has canceled a planned sale of Oracle stock, according to the company. Oracle had previously disclosed that Ellison planned to sell 50 million shares worth around $7.5 billion.

The company said no Oracle stock was sold under that plan. It also said Ellison has no other plans to sell any of his Oracle stock.

Oracle did not offer a reason for the change in plans. That leaves the key takeaway narrow but important: the previously disclosed sale is off, and the company says no shares were sold through it.

For readers tracking insider transactions, the next useful step is to watch for future company disclosures or regulatory filings rather than assume a motive.

TechCrunch notes that Oracle stock is down 22% since the beginning of the year. The company has been spending heavily on data centers and recently became one of the major owners and security partners for TikTok’s U.S. operations.

Those details make Ellison’s canceled stock sale notable for market watchers, even though Oracle did not connect the decision to its share performance or business strategy.

Ellison has also used his wealth to back his son David’s acquisition of Warner Bros., which is currently being contested in court. That context underscores why major moves involving Ellison’s holdings can draw attention beyond Oracle alone.

The core update remains simple: a planned multibillion-dollar Oracle stock sale was canceled, and Oracle says no stock was sold under the plan.