Oracle CEO Sells 1.87 Million Shares

Oracle ( ORCL) CEO Larry Ellison this week sold 1.87 million shares in his company for a pretax total of $21.9 million, according to documents on file with the Securities and Exchange Commission.

According to the filing, Ellison made the sales on Wednesday and Thursday at prices ranging from $11.44 a share to $12 a share. The transactions were part of a divestiture program set up by Ellison in January.

Even after the sale, Ellison still owns more than 1.3 billion shares of the company he founded. His wife, novelist Melanie Craft, owns 911,744 shares, which were given to her by Ellison in early March.

In recent trading, Oracle, which has declined 8% since the wedding gift, was up 8 cents, or 0.7%, to $12.02.

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