Oracle says Larry Ellison cancels stock sale plan
Oracle discloses that Executive Chair Larry Ellison ended a 10b5-1 stock sale plan without selling any Oracle shares and has no current plans to sell his holdings.
Rhea-AI Filing Summary
Oracle Corporation (ORCL) reported that Larry Ellison has cancelled a pre-arranged 10b5-1 trading plan to sell Oracle stock. The company stated that no Oracle shares were sold under this plan before it was terminated on September 12, 2026, and that Ellison currently has no other plans to sell any of his Oracle holdings.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Cancellation date of 10b5-1 Plan: September 12, 2026
Series D Mandatory Convertible Preferred Stock coupon: 6.50%
Information current as of: September 12, 2026
3 metrics
Cancellation date of 10b5-1 Plan
September 12, 2026
Date Oracle said Larry Ellison cancelled his 10b5-1 Plan to sell stock
Series D Mandatory Convertible Preferred Stock coupon
6.50%
Dividend rate on Oracle's Series D Mandatory Convertible Preferred Stock represented by ORCL-PRD depositary shares
Information current as of
September 12, 2026
Date through which Oracle states all information in the press release is current
Key Terms
10b5-1 Plan, Mandatory Convertible Preferred Stock, forward-looking statements, Emerging growth company
4 terms
10b5-1 Plan regulatory
"has cancelled his 10b5-1 Plan to sell Oracle stock"
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
Mandatory Convertible Preferred Stock financial
"6.50% Series D Mandatory Convertible Preferred Stock, par value $0.01 per share"
A mandatory convertible preferred stock is a type of investment that pays regular income like a preferred share but is designed to automatically turn into a set number of common shares at a future date, much like a timed coupon that becomes company ownership. It matters to investors because it combines a near-term income stream with a guaranteed future increase in the company’s share count, which can dilute existing owners and change earnings-per-share and voting balance.
forward-looking statements regulatory
"are “forward-looking statements” and are subject to material risks and uncertainties"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Emerging growth company regulatory
"Emerging growth company Section 8—Other Events"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ORCL announce about Larry Ellison's stock sale plans?
Oracle announced that Larry Ellison cancelled his 10b5-1 Plan to sell Oracle stock. The company stated that no Oracle shares were sold under this plan before termination and that he currently has no other plans to sell any of his Oracle stock.
When did Oracle (ORCL) say Larry Ellison cancelled his 10b5-1 Plan?
Oracle stated that on September 12, 2026, Larry Ellison cancelled his 10b5-1 Plan to sell Oracle stock. The information in the announcement is described as current as of September 12, 2026.
Does Larry Ellison currently have other plans to sell Oracle (ORCL) stock?
According to Oracle, Larry Ellison has no other plans to sell any of his Oracle stock following the cancellation of his prior 10b5-1 Plan.
What classes of securities does Oracle (ORCL) list on the NYSE?
Oracle lists Common Stock, par value $0.01 per share, under the symbol ORCL, and Depositary Shares each representing a 1/2,000th interest in a share of 6.50% Series D Mandatory Convertible Preferred Stock, under the symbol ORCL-PRD.
AI-generated analysis. How Rhea-AI works. Not financial advice.