Oracle Leadership Offloads Massive $1.1B in Shares - What Investors Should Know
Rhea-AI Filing Summary
Oracle CEO Safra Catz Files Form 144 for Significant Stock Sale
Oracle CEO Safra Catz has filed a Form 144 notice indicating plans to sell 1,865,701 shares of Oracle common stock with an aggregate market value of $396.85 million. The shares were acquired through stock options exercise on June 26, 2025, and are planned to be sold via Fidelity Brokerage Services on the NYSE.
Notable recent trading activity by Catz in the past 3 months includes:
- June 20, 2025: Sold 2,284,371 shares for $474.22 million
- June 23, 2025: Sold 1,410,547 shares for $289.79 million
- June 25, 2025: Sold 1,873,791 shares for $397.78 million
The shares are being sold from the Harbor Island Joint Rev Trust. The sale follows a Rule 10b5-1 trading plan adopted on September 25, 2024. Oracle's total shares outstanding stand at 2.81 billion.
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Negative
- CEO Safra Catz has sold approximately 7.4 million shares worth over $1.5 billion in the past week through multiple transactions, with another 1.87 million shares ($397M) planned for sale
- The significant volume of sales by the CEO, even under a 10b5-1 plan, represents a substantial reduction in insider holdings and could signal reduced confidence in future appreciation