Larry Ellison Cancels Plan to Sell $7.5 Billion in Oracle Stock

Larry Ellison abandoned a plan to sell up to 50 million shares of Oracle stock, a move that would have been worth roughly $7.5 billion. The reversal came on Saturday, one day after a regulatory filing disclosed that he had adopted a trading plan for the sale. No shares were sold before Ellison changed course. The filing had signaled one of the largest potential stock sales by the Oracle co-founder, but the transaction never proceeded. The exact reason for the cancellation was not stated in the source material. The episode highlights the scale of Ellison's holdings in Oracle and the market attention that follows any move by the company's billionaire founder. The plan, had it been executed, would have represented a significant liquidation of Oracle equity. Instead, Ellison's stake remained unchanged after the Saturday decision. The filing and the subsequent cancellation unfolded over a single weekend, with the regulatory disclosure on Friday and the reversal the following day. No further details about future trading plans were provided.