TechDraft
Larry Ellison cancels planned US$7.5 billion Oracle share sale
Oracle says no shares were sold under the proposed plan and that its executive chairman has no other current plans to sell.
Event
Larry Ellison cancels plan to sell up to $7.5 billion in Oracle stock
Oracle executive chairman Larry Ellison cancelled a planned sale of 50 million Oracle shares valued at about $7.5 billion. Oracle said no shares were sold under the plan and Ellison has no other plans to sell his Oracle stock. The company gave no reason for the cancellation.
2 published stories · markets · source reliability 67%
Background
Why this event matters
Oracle executive chairman Larry Ellison cancelled a proposed sale of 50 million Oracle shares, valued at about US$7.5 billion. Oracle said no shares were sold under the plan and that Ellison currently has no other plans to sell Oracle stock. The proposed sale had previously been disclosed in a regulatory filing. Oracle gave no reason for the cancellation.
event-brief
Larry Ellison cancels plan to sell up to $7.5 billion in Oracle stock
Oracle executive chairman Larry Ellison cancelled a proposed sale of 50 million Oracle shares, valued at about US$7.5 billion. Oracle said no shares were sold under the plan and that Ellison currently has no other plans to sell Oracle stock. The proposed sale had previously been
Reporting trail
TechCrunch | https://techcrunch.com/2026/09/13/larry-ellison-cancels-7-5-billion-sale-of-oracle-stock | published 2026-09-13T20:49:38.000Z | primary sourceTechCrunch | Primary report and Oracle statement on the cancelled sale, shares not sold and lack of reason.Event digest | Concise summary of the core event.CNBC via retrieved context | Independent corroboration of the proposed US$7.5 billion sale cancellation.CNBC | https://www.cnbc.com/2026/09/12/larry-ellison-nixes-plan-to-offload-up-to-7point5-billion-worth-of-oracle-stock-.html | published 2026-09-12T17:14:56.000Z | primary sourceCNBC, “Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock” | Primary supplied source for the reported cancellation.Event digest | Concise restatement of the reported event.Retrieved context, cluster summary | Confirms the event classification and summary; adds no material detail.
Fact cards
entity brief
Larry Ellison cancels plan to sell up to $7.5 billion in Oracle stock: key people and institutions
Key entities: Larry Ellison, Oracle, David Ellison.
faq brief
Larry Ellison cancels plan to sell up to $7.5 billion in Oracle stock: key questions
How many Oracle shares were involved? The proposed sale covered 50 million shares. What was the planned value of the sale? About US$7.5 billion. Were any shares sold? Oracle said no shares were sold under the plan. Does Ellison plan to sell more Oracle shares? Oracle said he has
source brief
Larry Ellison cancels plan to sell up to $7.5 billion in Oracle stock: reporting sources
TechCrunch | https://techcrunch.com/2026/09/13/larry-ellison-cancels-7-5-billion-sale-of-oracle-stock | published 2026-09-13T20:49:38.000Z | primary source | TechCrunch | Primary report and Oracle statement on the cancelled sale, shares not sold and lack of reason. | Event digest
timeline brief
Larry Ellison cancels plan to sell up to $7.5 billion in Oracle stock: timeline
Previously disclosed: Proposed sale of 50 million Oracle shares was reported in a regulatory filing. 2026-09-13: Oracle announced that Ellison had cancelled the proposed sale; no shares were sold under the plan.
Timeline
Previously disclosed
Proposed sale of 50 million Oracle shares was reported in a regulatory filing.
2026-09-13
Oracle announced that Ellison had cancelled the proposed sale; no shares were sold under the plan.
FAQ
How many Oracle shares were involved?
The proposed sale covered 50 million shares.
What was the planned value of the sale?
About US$7.5 billion.
Were any shares sold?
Oracle said no shares were sold under the plan.
Does Ellison plan to sell more Oracle shares?
Oracle said he has no other plans to sell his Oracle stock.
Why was the sale cancelled?
Oracle has not given a reason.
Who cancelled the proposed Oracle share sale?
Oracle founder Larry Ellison.
How much stock was covered by the plan?
Up to US$7.5 billion worth of Oracle shares.
Was the sale completed?
The supplied material only reports that the plan was cancelled; it does not say whether any shares had already been sold.
Why was the plan cancelled?
No reason is provided in the available source material.