Oracle Leadership Sells Over $1.7B Stock in June: What Investors Should Know
Rhea-AI Filing Summary
Oracle CEO Safra Catz filed Form 144 indicating a proposed sale of 1,260,508 shares of common stock with an aggregate market value of $267.2 million. The shares were acquired through stock options exercise on June 27, 2025, and are planned to be sold through Fidelity Brokerage Services on the NYSE.
The filing reveals significant recent selling activity by Catz in the past week:
- June 20: 2,284,371 shares for $474.2M
- June 23: 1,410,547 shares for $289.8M
- June 25: 1,873,791 shares for $397.8M
- June 26: 1,865,701 shares for $396.9M
The sales are being executed under a 10b5-1 trading plan adopted on September 25, 2024. The shares are being sold from the Harbor Island Joint Rev Trust. Oracle's total shares outstanding are approximately 2.81 billion.
Positive
- The sales are being executed under a pre-planned 10b5-1 trading plan adopted in September 2024, suggesting they are not reactive to any immediate company concerns
- CEO Catz exercised stock options to acquire the shares, indicating previously planned compensation arrangements rather than outright liquidation of existing holdings
Negative
- CEO Safra Catz has sold over 8.6 million shares worth approximately $1.82 billion in the past week through multiple large transactions, representing significant insider selling pressure
- The current proposed sale of 1.26 million shares ($267M) comes immediately after other massive sales, potentially indicating reduced confidence from top management