Oracle CEO Safra Catz to Sell $289M in ORCL Stock After Options Exercise
Oracle Corp Form 144 filing reveals CEO Safra Catz's planned sale of 1,410,547 shares of common stock through Fidelity Brokerage Services, with an aggregate market value of $289.79 million.
Rhea-AI Filing Summary
Oracle Corp Form 144 filing reveals CEO Safra Catz's planned sale of 1,410,547 shares of common stock through Fidelity Brokerage Services, with an aggregate market value of $289.79 million. The shares were acquired through stock options exercise on June 23, 2025.
Key details of the transaction:
- Shares to be sold represent approximately 0.05% of Oracle's total outstanding shares (2.81 billion)
- Planned execution date: June 23, 2025
- Trading venue: NYSE
Notable previous transaction: Catz sold 2,284,371 shares for gross proceeds of $474.22 million on June 20, 2025. This Form 144 represents a declaration of intention to sell securities, filed in compliance with SEC Rule 144 for insider sales. The filing indicates the seller has no knowledge of undisclosed material adverse information about Oracle's operations.
Positive
- None.
Negative
- CEO Safra Catz plans to sell 1.41M shares worth $289.8M, following recent sale of 2.28M shares worth $474.2M in June 2025, indicating significant insider selling activity from key executive
FAQ
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