TK exercised his options to buy 750,000 shares in July and promptly turned around and sold them at a tidy profit of $30 per share. Doesn't say much about his faith in the future of oracle, does it?
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This is the "smart" insider money leaving the oracle stock, leaving outsiders holding the bag when the stock tanks, when cloud fraud comes into public view. Sell high based on insider knowledge is the name of the game here
"why don't you guys ask these questions in the next all hands to get a real answer? i bet you won't because you only like to anonymously take jabs at people"
Have you seen what happens to people who directly question or challenge leadership at Oracle? Take this for a current example -- https://www.theregister.co.uk/2017/02/10/oracle_settles_court_case_with_fired_cloud_services_financials_whistleblower/
Oracle is being sued for discrimination against women, for gender/racial bias by the Dept. of Justice and by salespeople who weren't paid their commissions. Oracle has conveniently fired people only days before their stock options vest or due to "poor performance" when the paper trail of reviews says something very different.
It would be fantastic to have someone stand up and ask a question like, "Why did MH do the ethics/compliance intro when he was fired for unethical behavior at HP, has pushed financially engineered deals to boot Cloud revenue and and lied on CNBC about layoffs?" However, it won't happen because (1) it will lead to being fired, denied unemployment and, potentially, tied up with whatever legal nonsense Oracle would want to throw at the individual and (2) the executives don't appear in live sessions and when they do the questions are all pre-screened.
"and spread nonsense."
Time will tell.
what clear messages you guys think are being sent is your speculation
rich people didn't get rich by doing what 99% of us are doing
selling company stock while employed, if subject to SEC regulations, is perfectly legal and ethical and does necessarily reflect on what confidence one has in the company
why don't you guys ask these questions in the next all hands to get a real answer?
i bet you won't because you only like to anonymously take jabs at people and spread nonsense.
Two words: SELL HIGH.
These execs know that oracle stock is at the peak . Sell now, and get the cash while you can, is the mindset.
Poor s---ers buying the stock on their sell are to be pitied.
What they have done is legal BUT it also sends a clear message: the don't want to own oracle stock b/c they don't think there is any upside here. You see they didn't have to exercise their options and trigger the tax consequences, they chose to do they could liquidate their oracle risk as soon as pissible. THIS IS NOT A VOTE OF CONFIDENCE IN ORACLE's PROSEPCTS!
we all make enough to feed our families without having to sell our options.
that's not the point
the moment you exercise, you owe tax $ to the feds based on your exercise price.
if you hold on to it and it goes down in value, you still owe the tax $ based on your exercise price, no the lower value.
these guys are dealing with millions of dollars here.
if you don't at least sell enough to cover the tax $, you are an idiot.
And this is their stock and money. last time I checked, this is still a free country, they can do whatever with their property as they see fit.
If you think stock will go up you hold on to it, if you think it will go down you sell. They all make enough in salary not to have to sell stock to feed their families. This is smart money with insider info voting with stock sales. Why would anybody else want to own the stock if insiders don't!
"You'd do the same thing... vest... sell... programmed in well in advance."
Only if you thought that the stock wasn't going to appreciate further. A majority of LE's wealth along with his controlling interest in the company comes from how when his options vested, he exercised them and then held onto the stock instead of selling it.
TK, SC and MH exercising options and then selling the stock most likely means...
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They want the cash for something (houses, boats, whatever)
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They think their profit on the stock is better right now than it will be in the future
Given the millions they already have, it is far more likely that reason #2 is at play. It isn't a very good vote of confidence for Oracle becoming dominant Cloud in the world in the coming years and, therefore, that the stock price is likely to climb significantly. They are all very well versed in how Oracle's topline growth is stagnant, that they are cutting costs as a means to report "growth/earnings", that Oracle investments in Cloud are low compared to the competition and that the future is one of just trying to survive.
why is this an indication of anything?
I would do the same thing because that makes common financial sense.
You'd do the same thing... vest... sell... programmed in well in advance.
No