Oracle co-founder and Executive Chair Larry Ellison has abruptly scrapped a plan to sell company stock worth roughly $7.5 billion. In a statement dated September 12, 2026, the software giant said Ellison had cancelled his so-called Rule 10b5-1 trading plan – and that no shares were sold under it.
A plan that lasted only weeks
According to reports from CNBC and Bloomberg, Ellison adopted the trading plan on June 22, 2026. It would have allowed the sale of up to 50 million Oracle shares and was set to expire on October 24, 2026. At recent prices, that stake was worth about $7.5 billion – a figure drawn from the reporting and the securities filing rather than any official Oracle valuation.
Timing after the share-price surge
News of the plan surfaced during a turbulent week. Following blockbuster quarterly results and reported remaining performance obligations (RPO) of $455 billion, Oracle shares had jumped by double digits, briefly making Ellison the world’s richest person. Ellison, who holds roughly 1.16 billion shares – about 40 percent of the company – almost never sells his stake.
“No other plans to sell”
In its brief statement, Oracle stressed that “no Oracle stock was sold under that plan” and that Ellison “has no other plans to sell any of his Oracle stock.” Analysts read the quick reversal as a vote of confidence in the company’s AI-driven growth strategy built around cloud infrastructure and data centers.
Source: Official Oracle investor-relations release, “Larry Ellison Cancels His Plan to Sell Oracle Stock” (September 12, 2026), supplemented by CNBC and Bloomberg reporting on the plan’s details. Oracle Investor Relations
