Form 4: Oracle EVP Sells 35,000 Shares Under 10b5-1 Plan

Oracle's EVP and Principal Financial Officer, Douglas A. Kehring, sold 35,000 shares of common stock at $194.89 per share as part of a pre-arranged trading plan.

Summary

• Douglas A. Kehring, Oracle's Executive Vice President and Principal Financial Officer, reported a sale of common stock.
• The transaction involved the disposition of 35,000 shares of Oracle common stock.
• The shares were sold at a price of $194.89 per share.
• The sale occurred on January 15, 2026.
• This transaction was executed pursuant to a Rule 10b5-1 Plan, which was adopted on October 9, 2025.
• Following the reported transaction, Mr. Kehring directly beneficially owns 33,638 shares of common stock.
• Additionally, Mr. Kehring indirectly beneficially owns 2,157.514 units in Oracle's 401(k) plan, representing common stock fund units.
• The direct beneficial ownership includes 46 shares acquired under Oracle's employee stock purchase plan on September 30, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an executive selling shares can sometimes be perceived negatively, the transaction was conducted under a pre-arranged 10b5-1 plan, which mitigates concerns about opportunistic timing. The executive still retains a significant stake in the company.

Positives

• The sale was conducted under a Rule 10b5-1 Plan, adopted on October 9, 2025, indicating a pre-scheduled transaction designed to comply with insider trading regulations.
• The reporting person continues to hold a significant number of shares directly (33,638) and indirectly (2,157.514 units in 401(k) plan), demonstrating continued alignment with shareholder interests.
• The acquisition of 46 shares under the employee stock purchase plan on September 30, 2025, shows participation in employee ownership programs.

Negatives

• An executive selling a substantial number of shares (35,000) could be perceived negatively by some investors, even if pre-planned.
• The transaction represents a reduction in the direct beneficial ownership of the EVP, Principal Financial Officer.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Oracle's future performance or strategic direction, as it is an insider transaction report.

Industry Context

This insider transaction is specific to an individual executive at Oracle and does not directly reflect broader industry trends or competitive dynamics. Such sales are common for executives managing personal finances, especially when conducted under pre-arranged 10b5-1 plans.

Corporate Governance

Stakeholder Impact

• Shareholders: May view the executive's sale of shares with scrutiny, though the 10b5-1 plan provides a degree of reassurance regarding the non-opportunistic nature of the transaction. The executive's continued significant holdings may maintain confidence.
• Employees: No direct impact mentioned, but executive stock transactions can sometimes influence employee morale or perception of company leadership.

Key Dates

Keywords

Oracle, ORCL, Insider Trading, Form 4, Stock Sale, Executive Compensation, 10b5-1 Plan, Douglas Kehring, SEC Filing