Larry Ellison has cancelled his plan to sell $7.5bn of Oracle stock, a day after it surfaced

Larry Ellison cancelled a Rule 10b5-1 plan that would have permitted the sale of up to 50 million Oracle shares—approximately $7.5 billion after a 16% price decline—before 24 October, and no shares were sold. The plan, adopted on 22 June, was withdrawn a day after its disclosure, following Oracle’s report of shrinking gross margins, a 1.7% share drop, and a $2.8 billion rise in job-cut costs. Ellison, who controls about 40% of Oracle and serves as executive chair and CTO, has no other planned Oracle stock sales.