Oracle (ORCL, Financials), founder Larry Ellison has pledged 67 million more shares of the software company as collateral for personal loans than he had a year earlier, according to the company’s latest proxy filing.
The increase amounts to about 19% from 2025. At Oracle’s Friday closing price of $137.10, the shares pledged by Ellison were worth roughly $9.2 billion and represented about 36% of his total Oracle holdings.
The arrangement stands out because Oracle generally prohibits its officers and directors from pledging company shares as collateral for personal loans. Ellison, who serves as executive chairman and chief technology officer, is the sole exception.
The disclosure comes as the Ellison family is helping finance Paramount Skydance’s (PSKY) $111 billion acquisition of Warner Bros. Discovery (WBD).
The family has committed $47 billion in equity funding for the transaction, although about $24 billion of that commitment is coming from three Middle Eastern sovereign wealth funds. Paramount is also pursuing debt financing.
The proxy also revealed substantial compensation packages for Oracle’s leadership. Co-CEO Clayton Magouyrk received stock-option awards valued at $621.7 million, while co-CEO Michael Sicilia received awards valued at $248.7 million.
Ellison, who received no equity awards during the previous two fiscal years, received $117.8 million in option awards. Oracle shares closed Friday at $137.10, down 1.8%, and were down another 2.7% in Monday premarket trading.
The next point to watch is whether the amount of Oracle stock Ellison has pledged continues to rise as the Warner Bros. transaction moves toward completion.