Form 4: Oracle Executive Edward Screven Reports Stock Option Exercise and Share Sale
SEC Form 4
Chief Corporate Architect Edward Screven exercised stock options and sold shares of Oracle Corp on June 26, 2024.
Summary
- On June 26, 2024, Edward Screven, Chief Corporate Architect of Oracle Corp, exercised stock options for 37,221 shares at a price of $40.47 per share.
- Simultaneously, Screven sold 37,221 shares of common stock at a weighted average price of $140.1911, with individual sales ranging from $140.00 to $140.57.
- 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.
- He also holds options for 426,861 shares.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive stock transactions, which is neutral in sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. They can be driven by various factors, including personal financial planning, diversification, and compliance with company policies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 12/07/2018 | Power of Attorney filed for Aimee Weast to act as Attorney in Fact for Edward Screven. |
| 06/26/2024 | Date of stock option exercise and share sale. |
| 06/27/2024 | Date of Form 4 filing. |
| 07/24/2024 | Expiration date of stock options. |
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