Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Oracle Corp. (ORCL) announced that Larry Ellison, its Chairman and CTO, canceled plans to sell 50 million shares worth $7.5 billion. The company stated no shares were sold under the 10b5-1 plan and Ellison has no further plans to sell his Oracle stock.

Oracle (ORCL) reported 97.9% utilization of its 300,000 GPUs, mostly Nvidia (NVDA) chips, in Q1 2027. Oracle's AI capacity deliveries tripled, with cloud infrastructure revenue rising 121% YoY to $7.4B. Nvidia's GPUs saw a 20% premium on renewals, indicating strong demand. Nvidia's CFO expects 70% revenue growth in FY2028, supply-constrained.

Larry Ellison, Oracle's executive chair and CTO, canceled a plan to sell up to 50 million shares (worth $7.5B) by October 24. No shares were sold, and the company stated he has no further plans to sell. The shares' value dropped 16% since the plan's adoption. Oracle reported shrinking margins and increased job cut costs.

Oracle Corp. Chairman Larry Ellison canceled plans to sell up to 50 million shares (worth $7.5B) of the company. Oracle's stock has fallen 16% since the plan was announced. The company faces investor pressure due to AI spending and job cuts, with estimated workforce reduction costs rising to $2.8B. Oracle shares dropped 1.7% on Friday.

Larry Ellison canceled plans to sell up to 50 million Oracle shares ($7.5B). He controls over 40% of Oracle, which has seen a 23% stock drop this year. No shares were sold under the 10b5-1 plan, and no further sales are planned. Oracle has significant debt but is expanding into AI infrastructure.

Oracle's Larry Ellison canceled a plan to potentially sell 50 million shares, worth about $7.51 billion. No shares were sold, and no new plans are in place. This removes a potential supply overhang but doesn't affect Oracle's treasury or AI-cloud expansion plans. Oracle closed at $150.28 on Friday, down 1.7%.