The sale occurred on May 8. This sale was not pursuant to his 10b5-1 plan and the expiration date to sell wasn’t until July 2. Q4 results might be a little murky. Haha
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After exercising he can sell to secretly buy some amazon and see how it goes.
LE now owns 33% of the company.
He didn’t sell. He exercised 4.7M options which are due to expire in July at a strike of $21.04. He now owns the shares. Again he did not sell.
His total holdings are 1.13B shares that he owns.
please learn to read the SEC filing.
LE has Billions in debt....
"At least he started and built the company"
In typical LE fashion, even this story gets a dose of spin and marketing. Technically he was a co-founder (one of three) and, arguably, it was Bob Miner's idea and Bob did most of the technical heavy lifting. Additionally, Ed Miner was also a co-founder but didn't care for the large corporate environment so he was looking to get out once Oracle hit 10,000 employees.
While LE is obviously smart and used his confidence to propel Oracle forward throughout decades to become a major tech force, he seems to have forgotten that he didn't do this all alone and that other people matter. His several failed marriages underscore that point and the way Oracle treats its customers and employees further demonstrates the same. He has his billions and can do what he wants, but it really isn't a success story.
Wow, must have liquidity problems and apparently can no longer borrow a few million dollars. That’s a very bad sign and and a big tell for why they are so desperately pumping up the share price with tens of billions in share buybacks. Share price goes down LE is toast and his stock will be sold by the banks to meet margin calls. Talk about poor financial management.
https://www.nasdaq.com/symbol/orcl/insider-trades
ELLISON LAWRENCE JOSEPH Officer 05/08/2019 Option Execute direct 4,700,000 21.0400 1,138,543,469
It's easier on my stomach for LE to reap large windfalls like this than it is for the posers MH/SC. At least he started and built the company, even though its fallen from its past glory.
This was linked back after OOW2018 nobody apparently read the next to last paragraph about the Progeny 2.0. O Startup tweeted the link hahah.
Little sabotage?
https://www.disprz.com/blog/meeting-larry-ellison-oracle-founder/
Everybody wants a 90+ year old parent at HS graduation. Well, if they give you billions I guess it works out.
Hail and farewell.
Before anybody gets all undone about a 4.7M share sell order, remember LE has 750M shares still. My big question is how does he unload that in 5 years (my guessimate for Oracle survival time frame)?
2 new tikes need escrow accounts for college tuition and coaching to get on St@nford sailing team
Oracle’s investor relations website.
source for this?