Summary by Moomoo AI
Oracle Corporation has announced that the LAWRENCE J. ELLISON REVOCABLE TRUST, associated with an officer of the company, is set to sell 1,125,000 shares of common stock. The transaction is scheduled to take place on 07/15/2024, with the shares having an aggregate market value of approximately $161.65 million. The shares to be sold were acquired on the same date through the exercise of options under a registered plan, with the issuer being the source of the securities and cash used as the nature of payment. There have been no securities sold by the trust in the past three months prior to this notice.
