Oracle co-founder and Executive Chairman Larry Ellison has canceled a trading plan that could have allowed him to sell as many as 50 million Oracle shares worth approximately $7.5 billion based on the company’s recent stock price, according to Reuters.
Oracle confirmed that no shares were sold under the Rule 10b5-1 trading plan before it was canceled and said Ellison currently has no other plans to sell any of his Oracle holdings.
The company had previously disclosed in a regulatory filing that Ellison adopted the plan on June 22, 2026.
The arrangement had been scheduled to remain in effect through October 24, 2026 and potentially covered the sale of as many as 50 million Oracle shares.
Rule 10b5-1 plans are commonly used by corporate executives and other insiders to establish predetermined instructions for future stock transactions. The plans are designed to allow trades to occur according to conditions established in advance rather than through discretionary decisions made while an insider may possess material nonpublic information.
In Ellison’s case, however, the contemplated sales never took place. Oracle’s September 12 announcement stated that no Oracle stock was sold under the plan before Ellison canceled it.
At an approximate value of $7.5 billion, the potential sale would have represented one of the largest insider stock-disposition programs involving the founder or senior executive of a major technology company.
Its cancellation therefore removes a potentially significant source of Oracle shares from the market and eliminates uncertainty surrounding the extent to which Ellison intended to reduce his ownership position.
Ellison remains one of Oracle’s largest shareholders and one of the technology industry’s most prominent founder-investors. Because of the size of his position, disclosures involving his Oracle holdings and potential stock sales can attract substantial attention from shareholders and other market participants.
The canceled plan did not necessarily mean Ellison had committed to selling all 50 million shares. Trading plans typically establish parameters under which shares may be sold if specified conditions are satisfied, meaning the maximum number covered by a plan can differ substantially from the number ultimately sold.
Oracle did not provide a detailed explanation for Ellison’s decision to cancel the plan. The company’s announcement was limited to confirming the cancellation, stating that no shares had been sold under it and saying that Ellison did not have another plan to sell Oracle shares.
The decision comes during an important period for Oracle as the company makes substantial investments in cloud computing and artificial intelligence infrastructure.
Oracle has been positioning its cloud infrastructure business to capture growing demand for the massive computing capacity required to train and operate generative AI systems. That expansion requires significant spending on data centers, servers, networking infrastructure, power capacity and advanced AI accelerators.
The company has simultaneously been pursuing capital-raising and other financial initiatives to support its infrastructure expansion while managing the significant capital requirements associated with scaling its cloud and AI businesses.
Oracle’s infrastructure strategy has become increasingly important to the company’s broader growth outlook as technology companies and AI developers seek additional sources of high-performance computing capacity beyond the industry’s largest traditional cloud providers.
That makes Ellison’s decision to retain his Oracle holdings particularly notable at a time when the company is committing substantial resources to what management views as a major long-term opportunity in AI infrastructure and cloud services.
Ellison continues to serve as Oracle’s Executive Chair of the Board and Chief Technology Officer, maintaining an active role in the company’s technology strategy and long-term direction.
Oracle said the information contained in its announcement was current as of September 12, 2026.
