Larry Ellison cancelled a $7.5 bn planned sale of 50 million Oracle shares on 13 Sept 2026, leaving his stake unchanged as Oracle’s stock has fallen 22 % year‑to‑date.
Cancellation details
Oracle announced on 13 Sept 2026 that co‑founder and executive chairman Larry Ellison had withdrawn a previously disclosed plan to sell 50 million shares of the company. The plan, filed in a regulatory filing earlier in the year, valued the shares at roughly $7.5 bn at the time of the filing. The company said, “No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock.” The announcement offered no reason for the change.
Impact on ownership and market perception
Ellison’s cancellation means his ownership percentage remains at the level reported in Oracle’s most recent 8‑K filing. With 3.024 billion shares outstanding (as of 31 Aug 2026) and no new shares sold, the dilution impact of the aborted transaction is zero. Investors tracking insider activity will see the cancellation as a signal that Ellison does not intend to reduce his exposure despite the stock’s 22 % decline YTD.
The 22 % year‑to‑date slide is drawn from the same TechCrunch report that covered the cancellation. The decline is measured from the start of 2026 to the date of the announcement. No further price target or forward‑looking statement was provided by Oracle.
Oracle’s recent financial backdrop
Oracle’s latest filed figures provide context for the insider move. For the fiscal year ended 31 May 2026, the company reported revenue of $67.357 bn and net income of $4.760 bn. The most recent quarter (Q2 2026, 1 Jun 2026 – 31 Aug 2026) showed net income of $4.760 bn, total assets of $303.259 bn, and shareholders’ equity of $66.772 bn. These numbers come from the 10‑K and 10‑Q filings referenced in the packet.
Oracle employs roughly 135 000 people and is headquartered in Redwood Shores, California. The firm is listed on the NYSE under the ticker ORCL.
| Metric | Value | Unit | Period |
|---|---|---|---|
| Revenue | 67,357,000,000 | USD | FY 2026 (ended 31 May 2026) |
| Net income | 4,760,000,000 | USD | Q2 2026 (1 Jun – 31 Aug 2026) |
| Total assets | 303,259,000,000 | USD | Q2 2026 (ended 31 Aug 2026) |
| Shareholders’ equity | 66,772,000,000 | USD | Q2 2026 (ended 31 Aug 2026) |
| Shares outstanding | 3,024,000,000 | shares | Q2 2026 (ended 31 Aug 2026) |
What remains unknown
Oracle did not disclose why the sale was aborted, nor did it indicate whether a future sale could be contemplated. The filing also did not specify any change to Ellison’s voting power or any planned share repurchases that might affect the stock price.
Analysts will watch the next earnings release for any commentary on insider sentiment, and investors may reassess the 22 % YTD decline in light of broader market moves and Oracle’s ongoing capital expenditures in data‑center infrastructure.
For now, the cancellation removes a potential supply of 50 million shares from the market, a factor that could be relevant if Oracle’s share price experiences further volatility.