Ellison cancels $7.5bn Oracle stock sale plan

Oracle founder Larry Ellison has cancelled a pre-scheduled plan to sell up to $7.5 billion in company stock, just one day after its public disclosure. The reversal came amid investor concerns over Oracle's aggressive artificial intelligence expansion and its impact on the company's financial health. Oracle stated in a regulatory filing that Ellison elected not to sell any shares under the Rule 10b5-1 trading plan, which was adopted on June 22, 2026, and would have allowed him to sell up to 50 million shares by October 24, 2026. The company confirmed no stock was sold under the plan and that Ellison has no other plans to sell his Oracle shares. Oracle declined to comment on the reason for the cancellation. The trading plan was publicly disclosed in a filing on September 11, 2026, one day before its cancellation. At the time of disclosure, the shares were valued at approximately $7.5 billion based on Oracle's closing price of $150. The plan's adoption in June preceded a period of significant stock volatility, with Oracle's share price falling more than 50% since it announced a $300 billion deal with OpenAI in September 2025.