Form 4: Oracle Executive Edward Screven Exercises Options and Sells Shares

Oracle's Chief Corporate Architect, Edward Screven, executed stock options and sold a significant number of shares on July 10, 2024.

Summary

• On July 10, 2024, Edward Screven, Chief Corporate Architect at Oracle, exercised stock options to acquire 426,861 shares of common stock at a price of $40.47 per share.
• Simultaneously, Screven sold 426,861 shares of Oracle common stock at a weighted average price of $141.9126, with individual sales prices ranging from $141.585 to $142.19.
• Following these transactions, Screven directly owns 2,626,764 shares of Oracle common stock.
• Screven also indirectly owns 812 shares through a child and 10,188 shares through a spouse.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within Oracle or the tech industry.

Stakeholder Impact

• The transaction could have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the overall volume of Oracle's stock.

Key Dates