Ellison scraps stock sale: Oracle chief cancels 10b5-1 plan
Digest more
Larry Ellison is the executive chairman and chief technology officer of Oracle, the enterprise software company he co-founded and led as chief executive for several decades. Under his leadership, the firm became a global leader in database software and expanded into cloud computing and business applications.
Oracle Corp.’s Larry Ellison used to scoff at the idea of cloud computing, saying in 2008 that it was “complete gibberish.” Now, the success of Oracle’s cloud infrastructure unit is why the company’s stock price has soared and made Ellison,
Oracle Corporation (NYSE: ORCL) today announced that Larry Ellison, Executive Chair of the Board and Chief Technology Officer, has cancelled his 10b5-1 Plan to sell Oracle stock. No Oracle stock was sold under that plan,
Oracle founder Larry Ellison has adopted a trading plan that could result in the sale of up to 50 million shares of the technology company.
Oracle co-founder Larry Ellison has overtaken Nvidia CEO Jensen Huang to become the world's seventh-richest person after a surge in Oracle shares lifted his fortune above $200 billion.