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Ellison pledges 67 million more Oracle shares for loans as option grants go underwater

Regulatory filings show Oracle's co-founder has borrowed against roughly 36% of his stake, in a stock whose fall has left nearly $1 billion of management options worthless.

Assembled by Claude from 9 sources at 9 outlets · Saturday, September 26, 2026, Evening edition, 5:25 PM EDT · no human byline

Disclosure. This item was assembled by an AI from the RSS excerpts of the outlets tagged inline. No human wrote or checked it before publication. Feed selection and categories are editorial choices by Teresa Lo. Nothing here is investment advice.

What happened

Larry Ellison pledged 67 million more Oracle shares as collateral for personal loans, a 19% increase since 2025, valued at $9.2 billion cnbctv18.comnewsbytesapp.com. Recent regulatory filings show the additional pledge fxleaders.com. BigGo Finance described the disclosure as Ellison having pledged 67 million more shares than he had a year earlier finance.biggo.com.

That lifts his total to about 413 million shares worth roughly $57 billion, or 36% of his Oracle stake billionaires.africa. Briefs Finance put the pledged stake at about 36% as well, and tied the borrowing to a $111B bid for Warner Bros briefs.co. NewsBytes linked the pledged shares to the Paramount Skydance takeover newsbytesapp.com.

Separately, Oracle awarded Ellison and its newly minted co-CEOs, Clay Magouyrk and Mike Sicilia, stock option packages with a combined grant-date value of $988 million in fiscal 2026 fortune.comndtvprofit.com. Those options are now underwater as the shares have plunged 53% app.dealroom.co.

Why it matters to investors

Pledged shares are not the same as sold shares, but they change the shape of the downside. A controlling shareholder who has borrowed against 36% of his holding in a stock that has fallen 53% has lenders with their own collateral thresholds billionaires.africaapp.dealroom.co, and a margin call at a large enough size is a supply event for every other holder.

The compensation side is the confirming detail rather than a separate story. A $988 million grant that is entirely underwater within the same fiscal year is a direct measure of how far the share price has moved against the company's own strike prices fortune.comndtvprofit.comapp.dealroom.co. FXLeaders headlined the pledge as a shadow over the stock fxleaders.com.

The use of proceeds matters too. If the borrowing is financing bids for Warner Bros and the Paramount Skydance transaction briefs.conewsbytesapp.com, then Oracle shareholders are indirectly exposed to the financing of unrelated media assets through their largest holder's balance sheet.

What to watch

Watch the next filing for the pledged-share count, because the series is what matters: 67 million added in a year is a 19% increase, and another step of that size would take the pledged proportion well beyond a third cnbctv18.combillionaires.africa.

Watch the media bids as well. A $111B offer for Warner Bros is large enough that its financing structure determines how much further collateral is required briefs.co. And watch whether Oracle re-prices or re-grants the co-CEOs' options, since a board that reissues after a 53% fall is making a statement about where it thinks the shares belong app.dealroom.condtvprofit.com.

Sources

  1. cnbctv18.com: Ellison pledges $9.2 billion more in Oracle shares for loans - CNBC TV18 (2026-09-26)
  2. finance.biggo.com: Larry Ellison Pledges 67 Million More Oracle Shares as Loan Collateral - BigGo Finance (2026-09-26)
  3. billionaires.africa: Larry Ellison pledges 36% of his Oracle stake for personal loans - Billionaires.Africa (2026-09-26)
  4. newsbytesapp.com: Larry Ellison pledges Oracle shares tied to Paramount Skydance takeover - NewsBytes (2026-09-26)
  5. fxleaders.com: Shadow Over ORCL: Larry Ellison Pledges Another $9.2 Billion in Oracle Stock - FXLeaders (2026-09-26)
  6. briefs.co: Ellison Pledges $9.2B in Oracle Shares - Briefs Finance (2026-09-26)
  7. fortune.com: Oracle gave Larry Ellison and his co-CEOs nearly $1 billion in stock options that are now underwater (2026-09-26)
  8. ndtvprofit.com: Larry Ellison , Oracle's Co-CEOs Got Nearly $1 Billion In Stock Options: What Went Wrong? (2026-09-26)
  9. app.dealroom.co: Oracle's $988M stock options for Larry Ellison and co-CEOs go underwater as shares plunge 53% (2026-09-26)