Larry Ellison Cancels Sale of 50 Million Oracle Shares Worth $7.5 Billion
Larry Ellison cancels a planned sale of 50 million Oracle shares worth about $7.5 billion as the stock sits 22% lower in 2026 amid data center spending.
Summary
Oracle announced Saturday that cofounder and executive chairman Larry Ellison canceled a planned sale of 50 million Oracle shares worth about $7.5 billion. The transaction had been disclosed in a regulatory filing, but no shares were sold under the plan. Oracle gave no reason for the reversal and said Ellison has no other plans to sell any Oracle stock.
As of September 13, 2026, Oracle shares were down 22% since the start of the year as the company spent heavily on data centers. Oracle recently became a major owner and security partner for TikTok’s U.S. operations. Ellison has also used his wealth to support his son David’s acquisition of Warner Bros., a transaction currently being contested in court.
Positives
- No Oracle shares were sold under Ellison’s canceled plan, leaving 50 million shares worth about $7.5 billion unsold.
- Ellison has no other plans to sell any of his Oracle stock, the company said.
- Oracle recently became a major owner and security partner for TikTok’s U.S. operations.
- Larry Ellison’s wealth is supporting his son David’s acquisition of Warner Bros.
Risks & concerns
- Oracle shares were down 22% in 2026 as of September 13.
- Oracle is spending heavily on data centers, increasing the financial pressure surrounding its expansion.
- Oracle provided no reason for Ellison’s decision to cancel the planned stock sale.
- David Ellison’s acquisition of Warner Bros. is being contested in court.