Larry Ellison Cancels Plan to Sell Up to $7.5 Billion Worth of Oracle Stock

Skip Navigation cnbc.com Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock Livestream CREATE FREE ACCOUNT Markets Pre-Markets U.S. Markets Currencies Prediction Markets Cryptocurrency Futures & Commodities Bonds Funds & ETFs Business Economy Finance Health & Science Media Real Estate Energy Climate Transportation Investigations Industrials Retail Wealth Sports Life Small Business Investing Personal Finance Fintech Financial Advisors Options Action ETF Street Buffett Archive Earnings Trader Talk Tech Cybersecurity AI Enterprise Internet Media Mobile Social Media CNBC Disruptor 50 Tech Guide Politics & Policy White House Policy Defense Congress Expanding Opportunity Video Latest Video Full Episodes Livestream Live Audio Live TV Schedule CNBC Podcasts CEO Interviews CNBC Documentaries Digital Originals Watchlist Investing Club Trust Portfolio Analysis Trade Alerts Meeting Videos Homestretch Jim’s Columns Education Subscribe PRO Pro News Josh Brown Mike Santoli Calls of the Day My Portfolio Livestream Full Episodes Stock Screener Market Forecast Options Investing Chart Investing Subscribe Livestream Menu Make It select USA INTL Livestream Search quotes, news & videos Livestream Watchlist SIGN IN Create free account Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock Livestream CREATE FREE ACCOUNT Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Tech Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock Published Sat, Sep 12 2026 1:14 PM EDT Lillian Rizzo@Lilliannnn WATCH LIVE Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Video 2 0 seconds of 0 seconds Volume 90% Press shift question mark to access a list of keyboard shortcuts Keyboard Shortcuts Enabled Disabled Play/Pause SPACE Increase Volume↑ Decrease Volume↓ Seek Forward→ Seek Backward← Captions On/Off c Fullscreen/Exit Fullscreen f Mute/Unmute m Seek %0-9 1x 1.5x 2x Listen< 1min Live 00:00 00:00 00:00 2x 1.5x 1x Key Points Larry Ellison has canceled his plan to sell up to 50 million of his shares in Oracle, or $7.5 billion worth of stock at the current price. The cancellation came a day after Oracle disclosed in a regulatory filing a trading plan for its founder to sell shares. Billionaire Ellison has held a substantial part of the company since its founding. In this article ORCL-2.47 (-1.64%) Follow your favorite stocks CREATE FREE ACCOUNT Oracle Corp Chief Executive Larry Ellison during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014. Noah Berger | Reuters Larry Ellison has canceled his plan to sell up to 50 million of his shares in Oracle, or $7.5 billion worth of stock at the current price. The reversal came just a day after a regulatory filing disclosed the Oracle founder’s trading plan, which had been adopted on June 22 and was set to end on Oct. 24. No Oracle stock had been sold under the 10b5-1 Plan to sell stock, and Ellison has no other plans to sell any of his shares, according to the Saturday news release. Few other details were given. The billionaire, 82, has held onto a substantial portion of the company that he founded in 1977. He continues to control more than 40% of Oracle, CNBC previously reported. Ellison has helped to turn Oracle from a legacy software maker into a major player in artificial intelligence infrastructure. However, as part of the pivot, Oracle has amassed a hefty debt load and the stock has dropped roughly 23% this year. Ellison is also the father of David Ellison, the current CEO of Paramount Skydance, which has been in pursuit of acquiring Warner Bros. Discovery. The elder Ellison has helped to finance the initial merger between David Ellison’s Skydance Media and Paramount, and is also a backer of the proposed acquisition of WBD. The proposed deal is currently being held up by a state attorneys general lawsuit due to antitrust concerns. -CNBC’sJordan Novetcontributed this article. 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