Larry Ellison Ends Plan to Sell Up to $7.5 Billion in Oracle Stock

Larry Ellison canceled a plan to sell up to 50 million Oracle shares — a multi‑billion‑dollar holding — and the company says no shares were sold and he has no other sale plans.
Oracle is under pressure from heavy AI-related spending, has started thousands of layoffs and raised its estimated workforce-reduction costs to about $2.8 billion.
The stock has slid (roughly 16% since mid‑June and down after recent results), and investors are watching closely since Ellison still controls about 40% of the company.