Oracle Chair Larry Ellison Cancels Plan to Sell 50 Million Shares

Oracle Executive Chairman Larry Ellison canceled a pre-arranged plan to sell up to 50 million shares of company stock one day after its public disclosure, according to a Yahoo Finance report.

Oracle shares traded at $140.35 on September 15, 2026, down 3.07% per Finnhub market data. The decision to scrap the divestment removes a potential supply increase from the market, as the 50 million shares represented a large block of equity.

No shares were sold under the plan, and Ellison has no other plans to sell Oracle stock, according to a report by the Star-Advertiser.

Mechanics of the Rule 10b5-1 Trading Plan

The canceled arrangement was structured as a Rule 10b5-1 trading plan. Ellison adopted the plan on June 22, 2026, and it was scheduled to run until October 24, 2026, according to Yahoo Finance.

As detailed by CNBC, a Rule 10b5-1 trading arrangement allows corporate insiders to establish a schedule to buy or sell company stock at a future date. These plans provide a legal safe harbor against accusations of insider trading by demonstrating that the trades were scheduled when the insider did not possess material non-public information.

Market Impact and Insider Holdings

Insiders frequently adopt and terminate trading schedules for personal financial planning, estate management, or tax diversification. However, the reversal of a multi-million-share disposition by a founder and executive chairman draws investor attention.

The rapid termination, occurring one day after the initial disclosure, means the block of equity will remain within Ellison's existing holdings instead of entering the open market.