standard
SEC rule permitting pre-arranged insider trading plans filed in advance, used to schedule sales at predetermined times or prices and to insulate insiders from material non-public information claims.
No evidence-backed relationships are recorded.
No shares changed hands, and the plan only became public because American filing rules require it. The facts that would have surfaced under any disclosure regime are Oracle's shrinking gross margins and a $2.8B charge for job cuts.
Reality
Oracle disclosed the plan on the 11th and said on the 12th that Ellison had terminated it. Priced off the $341.39 close the same account reports for the 10th, the 50 million shares come to $17.1 billion.
Reality
Larry Ellison filed a 10b5-1 plan on June 22 covering up to 50 million Oracle shares at about $175 each. The stock now trades near $150, and a plan that only sets price conditions may never fill by October 24.
Reality
A mandatory sell-to-cover accounts for roughly 0.05% of insider selling since the lockup expired. The scheduled tranches behind it moved 307,692 shares at a time.
Reality
Pre-arranged 10b5-1 plans and a dual-class structure let CoreWeave's co-founders convert control into cash without giving up control. Underwriters should price both halves.
Reality