Oracle Director Stephen Rusckowski Buys $3.5 Million of ORCL Stock

Barchart·10/02/2026 20:10:09

Oracle ($ORCL) director Stephen Rusckowski purchased approximately $3.48 million of company stock on September 29, the company's first open-market insider purchase since July 2025. The purchase comes as Oracle rapidly expands its AI cloud infrastructure business and reports a growing backlog of contracted cloud revenue.

• Rusckowski's trust purchased 25,000 shares at a weighted average price of $139.35, with transactions ranging from $138.96 to $139.74.
• The former Quest Diagnostics CEO joined Oracle's board in November 2025.
• Oracle reported $664 billion of remaining performance obligations last quarter after booking more than $30 billion of additional AI cloud contracts.
• Cloud infrastructure revenue increased 121% year-over-year to $7.4 billion, while quarterly capital expenditures reached $28.5 billion.
• Separately, the Financial Times reported this week that Tencent agreed to a five-year, roughly $7 billion lease for access to about 100,000 AI chips across Oracle data centers in Southeast Asia.

Relevant Companies

• Oracle ($ORCL) - Rusckowski made the company's first reported open-market insider purchase since July 2025.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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