Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock

Oracle founder Larry Ellison established a trading plan allowing the sale of up to 50 million shares of the company, representing approximately 7.5 billion dollars at current market prices. The plan was adopted by Ellison, who holds the position of Oracle founder and serves on the company's board. Trading plans of this type are typically disclosed to the Securities and Exchange Commission and allow executives to sell predetermined amounts of stock according to set schedules.

Next story