Form 4: Vishal Sikka, Oracle Director, Reports Stock Transactions
SEC Form 4 Filing
Director Vishal Sikka reports acquisition and disposal of Oracle common stock and restricted stock units on May 31, 2024.
Summary
- On May 31, 2024, Vishal Sikka, a director of Oracle Corp, engaged in transactions involving Oracle's common stock and restricted stock units.
- Sikka acquired 3,303 shares of common stock through the vesting of restricted stock units.
- Sikka also disposed of 3,303 shares of common stock.
- Additionally, Sikka acquired 2,986 restricted stock units, each representing the right to receive one share of common stock upon settlement.
- Following these transactions, Sikka directly owns 22,108 shares of common stock.
- Sikka also directly owns 2,986 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives and directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
Key Dates
| Date | Description |
|---|---|
| 12/11/2019 | Power of Attorney filed for Aimee Weast to act as Attorney in Fact for Vishal Sikka |
| 05/31/2024 | Date of earliest transaction: Acquisition and disposal of common stock and restricted stock units. |
| 06/03/2024 | Date of Form 4 signature. |
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