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March 23, 2021, 6:40 a.m. EDT

Oracle CEO Safra Catz netted more than $76 million through stock trades

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By Tomi Kilgore

Oracle Corp. /zigman2/quotes/202180826/composite ORCL +0.10% Chief Executive Safra Catz netted more than $76 million through a number of stock trades, as she acquired 2.25 million shares through the conversion of derivatives then sold them in the open market at much higher prices. The enterprise software company disclosed in a Form 4 filing with the Securities and Exchange Commission late Monday that Catz acquired 1.10 million shares at $32.43 on March 19 and 1.15 million shares at $32.43 on March 22. The filing showed she also sold 1.10 million shares at a weighted average price at $66.4813 on March 19 and 1.15 million shares at $66.3143 on March 22, netting Catz $76.42 million. The filing indicated that share sales were in accordance with a Rule 10b5-1 trading plan adopted in December 2020. Oracle's stock, which was indicated down about 0.1% in premarket trading, has gained 2.5% year to date through Monday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.60% has tacked on 4.9%.

/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 78.97
+0.08 +0.10%
Volume: 2.34M
May 17, 2021 11:32a
P/E Ratio
18.92
Dividend Yield
1.61%
Market Cap
$227.48 billion
Rev. per Employee
$289,393
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/zigman2/quotes/210599714/realtime
US : S&P US
4,148.74
-25.11 -0.60%
Volume: 794.64M
May 17, 2021 11:32a
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