Oracle Founder Cancels Plan to Sell $7.5 Billion in Company Shares
Austin, Monday, 14 September 2026.
Oracle Chairman Larry Ellison canceled a pre-arranged plan to sell $7.5 billion in company stock without offloading a single share, signaling renewed long-term confidence despite recent market pressures.
Executive Decision Reverses Course
Oracle Corporation (NYSE: ORCL) announced on September 12, 2026, that Executive Chair Larry Ellison canceled his 10b5-1 trading plan [2][3]. No shares were sold under the plan before termination, and Ellison has no other plans to sell stock [2][4].
Regulatory Filings Confirm Timeline
The cancellation was formalized in a Form 8-K filed with the Securities and Exchange Commission on September 14, 2026 [4]. The filing references the press release issued two days prior as Exhibit 99.1 [4].
Infrastructure Spending and Debt Concerns
Oracle has increased debt loads to fund artificial intelligence infrastructure and data center expansion [1][3]. Cloud infrastructure revenue grew 121% year-over-year in the recent earnings report [1].