Oracle Corp. ORCL, +1.88% 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 SPX, +0.05% has tacked on 4.9%.
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