Oracle CEO Michael D. Sicilia Sells $3.4M in Stock Under 10b5-1 Plan
ORACLE CORP
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Filing Summary
# Insider Transaction: ORACLE CORP ($ORCL)
**Insider:** Sicilia Michael D.
**Title:** Chief Executive Officer
**Filing Date:** 2026-09-23 | **Transaction Date:** 2026-09-22
### Primary Transaction Details (Open Market Sale)
- **Type:** Sale (Rule 10b5-1)
- **Shares Sold:** 22,562
- **Price per Share:** $151.59
- **Total Value:** $3,420,173.58
- **Post-Transaction Holdings:** 182,929.28 shares (Direct) + 2,655 shares (Indirect)
### Additional Vesting & Tax Withholding Activity
- **RSU Conversions:** 109,213 shares acquired via RSU vesting ($0.00)
- **Tax Withholdings (Code F):** 52,806 shares withheld at $147.61 (~$7.79M)
- **Net Share Impact:** Net increase of 33,845 direct shares across all reported transactions
Comprehensive Analysis
Executive Summary
On September 23, 2026, Oracle Corporation (ORCL) Chief Executive Officer Michael D. Sicilia filed a Form 4 disclosing multiple non-derivative equity transactions occurring between September 19 and September 22, 2026. The primary discretionary transaction was an open market sale of 22,562 common shares on September 22, 2026, at an average price of $151.59 per share, totaling approximately $3.42 million.
This open market disposition followed the vesting and settlement of 109,213 restricted stock units (RSUs) across two tranches, along with associated statutory tax withholdings. Due to the pre-established Rule 10b5-1 trading plan and the fact that the CEO's overall direct shareholding increased net of all transactions, the market significance is rated Medium.
Detailed Transaction Breakdown
-
Equity Award Vesting (Code M):
- 2026-09-19: Vested 35,802 RSUs into common stock at $0.00.
- 2026-09-20: Vested 73,411 RSUs into common stock at $0.00.
- Total Acquired: 109,213 shares.
-
Tax Withholdings (Code F):
- 2026-09-21: 17,311 shares withheld at $147.61 per share ($2,555,276.71).
- 2026-09-21: 35,495 shares withheld at $147.61 per share ($5,239,416.95).
- Total Withheld: 52,806 shares surrendered to cover tax obligations upon settlement.
-
Open Market Sale (Code S):
- 2026-09-22: Sold 22,562 shares at $151.59 per share, generating gross proceeds of $3,420,173.58.
- Plan Details: Executed pursuant to a Rule 10b5-1 trading plan adopted on December 24, 2025.
Ownership Post-Transaction
- Direct Ownership: 182,929.279 shares of Common Stock. Prior to the vesting cycle, the direct position stood at 149,084.279 shares; consequently, the net direct position expanded by 33,845 shares (~22.7% net increase).
- Indirect Ownership: 2,655 shares held indirectly by spouse.
- Remaining RSUs: 71,604 derivative units remain unvested.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.