Larry Ellison of Oracle has unveiled plans for a major stock sale, aiming to sell up to $7.5 billion.

Larry Ellison, the founder of Oracle, has unveiled a stock trading plan that could allow him to sell up to 50 million shares of Oracle stock, worth approximately $7.5 billion at current prices, amid speculation that Oracle's stock has fallen about 20% this year.

On September 12, 2569, CNBC reported that Oracle founder Larry Ellison had entered into a stock trading plan that would allow him to sell up to 50 million shares of the software company, worth $7.5 billion at the current price.

Ellison drafted the plan on June 22 and it is scheduled to end on October 24, according to documents filed with regulators and released Friday.

This move is considered unusual for Ellison, who holds a significant stake in the company he founded in 1977. According to FactSet, he controls more than 40% of Oracle shares, and if he were to sell all of his shares as planned, he would still hold approximately 1.1 billion shares.

Since the beginning of this century, Ellison has never sold more than 25,000 shares of Oracle stock at a time, according to FactSet. His spokesperson has not immediately responded to a request for comment.

Ellison, 82, played a key role in transforming Oracle from a backward software company into a major player in artificial intelligence infrastructure. In Thursday's earnings report, Oracle exceeded expectations, driven by a 121% year-on-year growth in cloud infrastructure revenue.

However, reaching this point has forced Oracle to accumulate a significant amount of debt, causing investor concerns and putting pressure on its share price, which has fallen by approximately 20% this year.

Ellison, the world's seventh richest person, also helped finance the 2025 merger between his son David Ellison's film production company Skydance and Paramount.

Reference: cnbc.com

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