Summary by Futu AI
On May 31, 2024, Michael J. Boskin, associated with Oracle Corp [ORCL], reported a transaction involving the acquisition of 3,303 shares of Oracle's common stock. The transaction was classified as an exercise or conversion of derivative security, which is typically related to options or warrants being converted into stock. Following this transaction, Boskin's direct holdings in Oracle increased to a total of 90,776 shares. Additionally, it was disclosed that Boskin has an indirect ownership of 1,000 shares through his spouse. The nature of the transaction indicates an increase in Boskin's stake in the company, reflecting a potential long-term commitment to Oracle's performance.