In Summary. Posted:. 1:49 PM PDT · September 13, 2026. Larry Ellison, the co-founder and executive chairman of Oracle, has called off a planned sale of his Oracle stock, as reported by the company on Saturday. As per a previous regulatory filing, Reuters states that Ellison intended to sell 50 million shares, valued at approximately $7.5 billion. The corporation hasn’t provided a rationale for the alteration in their strategy. “There were no Oracle shares traded under that plan, and he doesn’t intend to sell any of his Oracle shares,” the company clarified. Currently, Oracle stock has experienced a decline of 22% since the start of the year. The corporation has significantly invested in data centers, subsequently becoming a significant proprietor and security collaborator for TikTok’s US operations. Ellison has additionally utilized his fortune to support his son David’s procurement of Warner Bros. This matter is presently under legal dispute.
