Oracle Founder Ellison to Sell 50 Million Shares

Ellison Remains Oracle’s Largest Individual Shareholder Even After Full Sale

Larry Ellison, Oracle co-founder, is reportedly planning to sell up to $7.5 billion (approximately KRW 10 trillion) worth of Oracle stock.

According to foreign media outlets such as CNBC on the 11th (local time), Ellison plans to sell up to 50 million shares of Oracle stock by the end of October under a pre-determined share trading plan. Based on Oracle’s most recent closing price of $150 per share, the sale could amount to $7.5 billion. Whether the sale is actually executed will be confirmed later through a disclosure from the U.S. Securities and Exchange Commission (SEC).

Even after this sale, Ellison is expected to maintain his status as Oracle’s largest individual shareholder. He currently owns about 40% of Oracle, and even if he sells all the planned shares, he will still hold 1.1 billion shares. Oracle has not made any official statement regarding Ellison’s stock sale plan.

This planned share sale was disclosed as Oracle is investing heavily in expanding its artificial intelligence (AI) data center business. Ellison has been leading the efforts to grow Oracle’s AI data center operations. Early last year, at the White House, he unveiled the $500 billion (approximately KRW 672 trillion) ‘Stargate’ AI infrastructure project with OpenAI and SoftBank Group, and in September 2025, Oracle agreed to provide $300 billion (approximately KRW 403 trillion) worth of data center capacity to OpenAI.

However, these large-scale AI investments have increased Oracle’s financial burden. Some projects have faced delays due to permitting and regulatory issues during data center construction. Under these conditions, Oracle has been raising significant debt and issuing new shares to finance its projects. Oracle is also undergoing major restructuring efforts to reduce costs, having set aside an additional $700 million (approximately KRW 940.7 billion) over the next year to cover restructuring expenses, including severance pay.

In fact, Oracle’s most recent earnings announcement revealed that its Oracle Cloud Infrastructure revenue soared to $7.4 billion (approximately KRW 9.9 trillion) last quarter, up 121% year-on-year and 93% from the previous quarter. As a result, Oracle’s total revenue also rose to $19.3 billion (approximately KRW 25 trillion), an increase of 30% from the same period last year. Oracle also secured an additional $30 billion (approximately KRW 40 trillion) in new business last quarter, raising its total order backlog to $664 billion (approximately KRW 892 trillion).

However, Oracle's capital expenditure last quarter jumped to $28.5 billion (approximately KRW 38 trillion), more than tripling from $8.5 billion a year ago. Consequently, Oracle posted a negative free cash flow of $5.4 billion (approximately KRW 7.2565 trillion). Following the earnings announcement, Oracle shares actually fell slightly.

As a result, the market is closely watching how Ellison’s personal stock sale will impact confidence in Oracle, which is in need of massive funding to support its heavy investments.

This content was produced with the assistance of AI translation services.