Oracle disclosed on Saturday that Larry Ellison, co-founder and executive chairman, has canceled the original plan to sell Oracle shares. The company stated that no shares were sold under this arrangement, and Ellison currently has no other plans to sell his Oracle holdings.

The company disclosed that no actual reduction in holdings occurred.

The announcement indicates that the proposed sale was initially estimated to be around $7.5 billion, but it was not ultimately carried out. Based on the information that has been disclosed, this adjustment means that a significant reduction in holdings by insiders, which the market might have faced, did not actually happen.

For listed companies, the reduction of holdings by founders or key executives is usually seen by the market as an important signal, especially during periods of significant stock price volatility. The cancellation of this plan has at least eliminated the expectation of additional selling pressure in the short term.

Oracle's stock price under pressure this year

As of the time of this report, Oracle's stock price has fallen by 22% for the year. Against this backdrop, Ellison's decision to cancel his reduction in holdings also allows the outside world to make a more direct assessment of the company's management's attitude towards holding shares.

TechCrunch mentioned that Oracle has been continuously increasing its investment in data centers recently. With the rising infrastructure demands of AI, data center construction has become an important direction for capital expenditures of large technology companies, but such investments will also push up costs in the short term.

Data centers and TikTok business attract attention

In addition to infrastructure investment, Oracle has recently become one of the important holders and security partners of TikTok's US business. This has further drawn attention to the company's role in the fields of cloud services, data hosting, and compliance security.

The report also mentioned that Ellison used his personal wealth to support his son, David Ellison, in advancing the acquisition of Warner Bros. The transaction is currently facing legal disputes in court. However, regarding this disclosure itself, Oracle only provided key information about the cancellation of the stock sale plan and did not reveal any new arrangements for reducing its holdings.