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Insider Trading Arrangements | 3 Months Ended
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Aug. 31, 2023 shares
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | Our Section 16 officers and directors (as defined in Rule 16a-1 under the Exchange Act) may from time to time enter into plans for the purchase or sale of Oracle stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. During the quarter ended August 31, 2023, the following Section 16 officer adopted, modified or terminated “Rule 10b5-1 trading arrangements” (as defined in Item 408 under Regulation S-K of the Exchange Act): • Safra Catz, our Chief Executive Officer and Director, adopted a new trading plan on August 1, 2023. The plan’s maximum duration is until October 4, 2024, and first trades will not occur until January 2, 2024, at the earliest. The trading plan is intended to permit Ms. Catz to exercise and sell two tranches of stock options set to expire in 2024: (i) 2,250,000 stock options expiring on July 24, 2024; and (ii) 500,000 stock options expiring on October 5, 2024. The Rule 10b5-1 trading arrangement described above was adopted and precleared in accordance with Oracle’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangements will be disclosed publicly in future Section 16 filings with the SEC.
Safra Catz [Member] |
Trading Arrangements, by Individual |
Name | Safra Catz
Title | Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | August 1, 2023
Stock Options Expiring on July 24, 2024 [Member] | Safra Catz [Member] |
Trading Arrangements, by Individual |
Aggregate Available | 2,250,000
Stock Options Expiring on October 5, 2024 [Member] | Safra Catz [Member] |
Trading Arrangements, by Individual |
Aggregate Available | 500,000

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