Oracle Director Stephen Rusckowski’s $3.48M Open-Market Purchase: What the Filing Showed
A director’s open-market purchase, with no Rule 10b5-1 plan marked, carries real weight, but one buyer is still one buyer.
- Stephen H. RusckowskiDirector
- Knowable at the timeTransactionSeptember 29, 2026
Stephen H. Rusckowski bought 25,000 shares in code-P open-market purchases through his living trust.
- Knowable at the timePublic disclosureOctober 1, 2026
The SEC accepted the Form 4 at 5:42 p.m. ET, two days after the trade.
- Preserved readButeon read preservedOctober 2, 2026
Buteon preserved a Bullish, Medium-confidence read without waiting for later results.
- Later reviewSource reviewOctober 25, 2026
1 primary filing was checked for this Case File.
- Hindsight / follow-upHistorical follow-upThirty-session horizon
Still developing when this Case File was reviewed.
Buteon read at the time
A fresh, medium-confidence bullish read driven by one director’s $3.5M open-market purchase.
The historical read is preserved as it was available at the time. Later source review and follow-up are labeled separately rather than used to rewrite that record.
What the filing showed
Transaction facts come from Stephen H. Rusckowski’s official SEC Form 4. The historical read is preserved from Buteon’s stored snapshot of October 2, 2026.
| Issuer | Oracle Corporation |
|---|---|
| Reporting person | Stephen H. RusckowskiDirector |
| Transaction date | September 29, 2026 |
| Public SEC filing | October 1, 2026Accepted by the SEC at 5:42 p.m. ET. |
| Transaction code | POpen-market purchase |
| Direction | Acquired |
| Shares | 25,000 |
| SEC-reported price | $139.352 weighted averageThe filing reports executions from $138.96 to $139.74. |
| Ownership form | IndirectThrough the Stephen H. Rusckowski Living Trust |
| Holdings afterward | 25,390 shares through the trustPlus 60 shares held directly |
| Rule 10b5-1 | No |
The case for attention—and the counter-case
Why it mattered
- The code identified a real purchase
Code P and the acquired marker showed an open-market purchase of common stock, not a grant, option exercise, withholding event, or transfer.
- No trading plan was marked
The filing did not mark the purchase as made under a Rule 10b5-1 plan, so nothing in it points to a schedule set in advance.
- The purchase dwarfed his prior holding
After the purchase he reported 25,390 shares through his trust and 60 held directly. Less the 25,000 bought, the filing implies 450 shares beforehand, so this one purchase made up nearly all of his reported Oracle holding.
What weakened the read
- It was one director, once
This filing records one director’s purchase. One buyer can be meaningful, but a single filing does not show broader agreement inside Oracle.
- Medium, not high
Buteon kept the read at medium confidence. The purchase was clean, but it rested on one reporting owner.
What remained unknown
- Why he bought
Form 4 records the transaction mechanics. It does not establish Rusckowski’s motive, valuation view, or expectations.
- Whether others would follow
The filing could not show whether other directors or officers would make independent purchases later.
- The longer follow-up
The thirty-session window had not closed when this Case File was reviewed.
What was knowable, and when
Dates are kept at the precision the public record supports. The sequence separates the underlying event, public disclosure, frozen read, and later follow-up.
Stephen H. Rusckowski bought 25,000 shares in code-P open-market purchases through his living trust.
The SEC accepted the Form 4 at 5:42 p.m. ET, two days after the trade.
Buteon preserved a Bullish, Medium-confidence read without waiting for later results.
The stored short-horizon state was Supportive.
Still developing when this Case File was reviewed.
Historical follow-up
The short follow-up supported the frozen direction. The longer window was still open at review, so this case does not claim more than one horizon.
- T+5
- Supportive
The short follow-up was supportive of the original direction.
- T+30
- Developing
The thirty-session window had not closed at review.
Historical follow-up from Buteon's stored outcome framework. It is not a prediction or performance claim.
What this case teaches
The filing supported a Bullish read with real weight: a director, his own trust, the open market, no Rule 10b5-1 plan marked, and a purchase that dwarfed his prior holding.
It did not support certainty. One director is one buyer, so Buteon kept confidence at medium until independent evidence earns more.
Primary sources
Every transaction fact above is anchored to an official SEC filing. These links open the underlying document in a new tab; no third-party summary is used as evidence.
- SEC Form 4 — Stephen H. Rusckowski, filed October 1, 2026 (opens in a new tab)
Primary filing for the 25,000-share code-P purchase, the trust ownership, and the weighted-average price footnote.
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