Form 4: Leon Panetta Executes Stock Option and Sells Shares of Oracle Corp
SEC Form 4 Filing
Director Leon Panetta exercised stock options and sold shares of Oracle Corp on April 11, 2025.
Summary
- On April 11, 2025, Leon E. Panetta, a director of Oracle Corp, executed a stock option to acquire 5,000 shares of common stock at a price of $43.49 per share.
- Simultaneously, Panetta sold 5,000 shares of Oracle common stock at a price of $129.77 per share.
- Following these transactions, Panetta directly owns 17,500 derivative securities and indirectly owns 58,090 shares of Oracle common stock through the Panetta Family Trust.
Sentiment
Score: 5
Explanation: This Form 4 filing represents a routine transaction. The sentiment is neutral as it reflects an insider exercising options and selling shares, which could be for various personal financial reasons and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions and can be scrutinized by investors for insights into management's perspective on the company's value and future prospects.
Key Dates
| Date | Description |
|---|---|
| 06/04/2019 | Power of Attorney filed for Aimee Weast to act as Attorney in Fact for Leon E. Panetta |
| 04/11/2025 | Date of transaction: exercise of stock options and sale of shares |
| 04/15/2025 | Date of signature on the Form 4 filing |
| 05/31/2025 | Expiration date of the stock options |
Keywords
Oracle Corp, ORCL, Form 4, Stock Option, Leon Panetta, Director, Share Sale, Beneficial Ownership
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