Form 4: Lawrence Ellison Exercises Options and Sells Oracle Shares

Lawrence Ellison, Executive Chairman and CTO of Oracle, exercised stock options and sold a portion of his holdings on July 15th and 16th, 2024.

Summary

• Lawrence Ellison, Executive Chairman and CTO of Oracle, executed transactions involving Oracle common stock on July 15th and 16th, 2024.
• He exercised stock options to acquire 1,125,000 shares on both days at a price of $40.47 per share.
• Simultaneously, he sold shares on the open market at weighted average prices ranging from $142.529 to $146.2975.
• The sales on July 15th totaled 1,124,999 shares, and on July 16th, 1,125,000 shares were sold.
• Following these transactions, Ellison's directly held beneficial ownership of Oracle common stock remains substantial at 1,145,732,353 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into an executive's perspective on the company's value and future prospects. However, these transactions can be for a variety of reasons, including diversification, tax planning, or personal financial needs.

Stakeholder Impact

• The sale of shares by a high-profile executive could potentially create short-term price volatility, but the overall impact on stakeholders is likely to be minimal given the large volume of shares outstanding.

Key Dates