Summary by Futu AI
Lawrence Joseph Ellison, Executive Chairman and Chief Technology Officer of Oracle Corp (ORCL), completed a series of stock transactions on July 15 and 16, 2024. Ellison executed the sale of 2,250,000 shares of Oracle common stock over the two days. On July 15, Ellison sold 579,765 shares at $142.6432, 81,871 shares at $143.4472, 237,491 shares at $144.6118, 191,252 shares at $145.3369, and 34,621 shares at $146.2975. The following day, he sold 1,037,873 shares at $142.529 and 87,127 shares at $143.1734. Concurrently, Ellison acquired the same number of shares through the exercise of derivative securities at a price of $40.47 per share. After these transactions, Ellison's direct holdings in Oracle totaled 1,145,732,353 shares. The total market value of the disposed shares was approximately $322.05 million.