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by tiffanyh 592 days ago
Officers of company's schedule the sale of their stock to signal in advance their sales to preempt insider trading concerns.

And as you found, it's managed by a trust.

So I don't understand the point you're trying to make.

Are you suggesting someone should let their stock expire ($0) that's worth $322M?

It seems like you have an axe to grind and I don't understand why.

That's all I'll say on this topic.

1 comments

The point isn't about whether he should let the options expire - of course he shouldn't. The point is about accuracy in discussing Oracle's corporate governance.

You specifically claimed "Larry has a Blind Trust that sells his stock as they see best fit without his influence." The SEC filings directly contradict this:

1. This is a Revocable Trust, and while technically a blind trust can be revocable, the filings show this trust is actively managed with Ellison's involvement:

- The transactions were specifically timed around options expiration

- The sales were carefully structured in declining price blocks

- The trust uses Ellison's authority as Officer/10% Owner

- Forms are signed by his Attorney

2. These weren't discretionary sales by trustees "as they see best fit" - they were planned options exercises with a clear purpose and strategy.

I don't have an axe to grind. I'm just correcting a mischaracterization about how Larry manages his Oracle holdings. Accuracy matters when discussing corporate governance and SEC filings, especially for a company as significant as Oracle.

If this were a true blind trust they would've exercised the options at $40.47, immediately sell at market (~$143), and net ~$100 profit per share. Instead they did price stepping, and used Larry's Officer status under the pretense of independence.