11-K 1 orcl_11k_2024_1231.htm 11-K 11-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 11-K

 

(Mark One)

 

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2024

 

OR

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from _________ to _________

 

Commission file number 001-35992

 

A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:

 

ORACLE CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

 

B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

 

ORACLE CORPORATION

2300 Oracle Way

Austin, Texas 78741

 


 

Oracle Corporation

401(k) Savings and Investment Plan

Financial Statements and Supplemental Schedule

 

Table of Contents

 

 

Page

Report of Independent Registered Public Accounting Firm

1

 

 

Financial Statements:

 

 

Statements of Net Assets Available for Benefits as of December 31, 2024 and 2023

2

Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2024

3

Notes to Financial Statements

4

 

 

Supplemental Schedule:

 

 

Schedule H, Line 4(i)Schedule of Assets (Held at End of Year) as of December 31, 2024

11

Index to Exhibits

19

Signature

20

 


 

Report of Independent Registered Public Accounting Firm

 

To the Participants and Plan Committee of the Oracle Corporation 401(k) Savings and Investment Plan

 

Opinion on the Financial Statements

 

We have audited the accompanying statements of net assets available for benefits of Oracle Corporation 401(k) Savings and Investment Plan (the Plan) as of December 31, 2024 and 2023, and the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes and schedule (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of Oracle Corporation 401(k) Savings and Investment Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

 

Basis for Opinion

 

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Oracle Corporation 401(k) Savings and Investment Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Oracle Corporation 401(k) Savings and Investment Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

Supplemental Information

 

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2024 has been subjected to audit procedures performed in conjunction with the audit of Oracle Corporation 401(k) Savings and Investment Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

 

 

/s/ SENSIBA LLP

 

We have served as Oracle Corporation 401(k) Savings and Investment Plan’s auditor since 2004.

 

Pleasanton, California

April 25, 2025

1


 

Oracle Corporation

401(k) Savings and Investment Plan

Statements of Net Assets Available for Benefits

As of December 31, 2024 and 2023

 

 

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Assets

 

 

 

 

 

 

Cash

 

$

1,352

 

 

$

1,251

 

Investments, at fair value

 

 

29,726,847

 

 

 

24,917,237

 

Investments, at contract value

 

 

1,206,875

 

 

 

1,326,616

 

Receivables:

 

 

 

 

 

 

Notes receivable from participants

 

 

101,627

 

 

 

95,878

 

Participants' contributions

 

 

23,940

 

 

 

22,044

 

Employer contributions

 

 

5,244

 

 

 

5,001

 

Other receivables

 

 

10,116

 

 

 

8,685

 

Total receivables

 

 

140,927

 

 

 

131,608

 

Total assets

 

 

31,076,001

 

 

 

26,376,712

 

Liabilities

 

 

 

 

 

 

Excess deferrals due to participants

 

 

276

 

 

 

119

 

Other liabilities

 

 

9,113

 

 

 

4,996

 

Total liabilities

 

 

9,389

 

 

 

5,115

 

Net assets available for benefits

 

$

31,066,612

 

 

$

26,371,597

 

 

 

See notes to financial statements.

2


 

Oracle Corporation

401(k) Savings and Investment Plan

Statement of Changes in Net Assets Available for Benefits

For the Year Ended December 31, 2024

 

 

(in thousands)

 

 

 

Additions

 

 

 

Interest, dividends and other income

 

$

313,651

 

Net appreciation in fair values of investments

 

 

5,149,283

 

Total investment gains, net

 

 

5,462,934

 

Contributions and other:

 

 

 

Participants

 

 

966,226

 

Employer

 

 

201,445

 

Rollovers and other

 

 

138,389

 

Total contributions and other

 

 

1,306,060

 

Total additions

 

 

6,768,994

 

Deductions

 

 

 

Benefits paid to participants

 

 

2,063,266

 

Administrative expenses

 

 

10,713

 

Total deductions

 

 

2,073,979

 

Net increase

 

 

4,695,015

 

Net assets available for benefits at beginning of year

 

 

26,371,597

 

Net assets available for benefits at end of year

 

$

31,066,612

 

 

 

See notes to financial statements.

 

 

3


 

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements

December 31, 2024

1.
DESCRIPTION OF THE PLAN

The following description of the Oracle Corporation 401(k) Savings and Investment Plan (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

 

General

The Plan is a defined contribution plan originally established in 1986 that has since been amended and for which Oracle Corporation (Oracle) is the current sponsor. The Plan was established for the purpose of providing retirement benefits for the U.S. employees of Oracle and its subsidiaries. The Plan is intended to qualify as a profit sharing plan under Section 401(a) of the Internal Revenue Code of 1986, as amended (the Code), with a salary reduction feature qualified under Section 401(k) of the Code. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan is administered by the 401(k) Committee, members of which are appointed by the Compensation Committee of Oracle’s Board of Directors or the Executive Vice President, Human Resources. Fidelity Management Trust Company is the directed trustee of the Plan; Fidelity Investments Institutional Operations Company, Inc. (Fidelity) serves as the record keeper to maintain the individual accounts of each of the Plan’s participants. The Plan is currently under routine audit by the U.S. Department of Labor.

 

Eligibility

As of December 31, 2024, all employees on the domestic payroll of Oracle and its subsidiaries that have adopted the Plan are eligible to participate in the Plan as of the first date, or any succeeding entry date following the date the employee is credited with one hour of service with Oracle. However, the following employees or classes of employees are not eligible to participate: (i) employees whose compensation and conditions of employment are subject to determination by collective bargaining; (ii) employees who are non-resident aliens and who received no earned income (within the meaning of the Code) from Oracle; (iii) workers who are performing services at an Oracle facility as an employee of a third-party entity that is not an employment agency; (iv) employees of employment agencies; and (v) persons who are not classified as employees for tax purposes.

 

Contributions

Each year, participants may contribute up to 40% of their eligible compensation as defined by the Plan document. Annual participant contribution amounts are limited to $23,000 of salary deferrals for the year ended December 31, 2024 ($30,500 for participants 50 years old and older), as determined by the Internal Revenue Service (IRS). Salary deferrals consist of pre-tax and/or Roth 401(k) contributions. Participants may also contribute up to 20% of their eligible compensation, subject to certain annual dollar limitations, on a post-tax basis.

Oracle matches 50% of an active participant’s salary deferrals up to a maximum deferral of 6% of compensation for the pay period, with maximum aggregate matching of $5,100 in any calendar year. Oracle has the right, under the Plan, to discontinue or modify its matching contributions at any time. Participants may also contribute amounts representing distributions from other qualified plans. All of Oracle’s matching contributions are made in cash on a pre-tax basis.

 

Investment Options

Participants direct the investment of their contributions and Oracle’s matching contributions into various investment options offered by the Plan. The Plan currently offers investments in Oracle’s common stock, common/collective trust funds, mutual funds, separately managed account funds (including a stable value fund) and BrokerageLink. BrokerageLink balances consist of the mutual funds offered by the Plan, as well as mutual funds offered by other registered investment companies, common stock or other investment products.

 

4


 

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2024

Participant Accounts

Each participant’s account is credited with the participant’s and Oracle’s contributions and allocations of Plan earnings. All amounts in participant accounts are participant directed.

 

Vesting

All elective contributions made by participants and earnings on those contributions are 100% vested at all times. Participants’ vesting in Oracle’s matching contributions is based on years of service. Participants are 25% vested after one year of service and vest an additional 25% on each successive service anniversary date, becoming 100% vested after four years of service.

Participants forfeit the nonvested portion of their accounts in the Plan upon termination of employment with Oracle. Forfeited balances of terminated participants’ nonvested accounts may be used at Oracle’s discretion, as outlined in the Plan, to reduce its matching contribution obligations. During the year ended December 31, 2024, Oracle used approximately $10,200,000 of forfeited balances to reduce its matching contribution obligations. The amounts of unallocated forfeitures as of December 31, 2024 and 2023 were approximately $388,000 and $639,000, respectively.

 

Notes Receivable from Participants

Participants may borrow from their fund accounts a minimum of $1,000 and up to a maximum of $50,000 or 50% of their vested account balance, whichever is less. Loan terms may not exceed five years unless the loan is used to purchase a participant’s principal residence, in which case repayment terms may not exceed 10 years. The loans are secured by the balance in the participant’s account and bear interest at a rate determined by the 401(k) Committee. Principal and interest is paid ratably through payroll deductions and participants may elect to submit additional payments outside of payroll deductions in order to reduce principal loan balances on an accelerated basis. Loans are generally due in full within 90 days of termination with Oracle unless the participant arranges for loan repayments to continue via monthly debit from a checking or savings account in a bank located in the United States.

Payment of Benefits

Upon termination of service, death, disability, or normal or early retirement, participants may elect to receive a lump-sum amount equal to the vested value of their account or may waive receipt of a lump sum benefit and elect to receive monthly, quarterly or annual installments, a partial distribution, or may request a rollover from the Plan to another eligible retirement plan. Failure of a participant to make an election of one of these options within 60 days is deemed to be an election to defer commencement of payment. If the participant’s account is valued at $1,000 or less, the amount is distributed in a lump sum. Distributions of investments in Oracle’s common stock may be taken in the form of common stock. Hardship withdrawals are permitted if certain criteria are met.

 

Investment Management Fees and Operating Expenses

Investment management fees and operating expenses charged to the Plan for investments in the various funds are deducted from income earned on a daily basis and are reflected as a component of net appreciation in fair values of investments.

 

Administrative Expenses

Administrative expenses are borne by Oracle, except for fees related to administration of participant loans and certain withdrawal transactions, which are deducted from the applicable participant’s accounts. Oracle, at its discretion, may also choose to utilize forfeited balances of terminated participants’ nonvested accounts to pay for reasonable expenses related to the administration of the Plan. Revenue credits generated by the Plan for certain investment fund options are reallocated back to those Plan participants who invested in those fund options.

 

5


 

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2024

Plan Termination

Although it has not expressed any intent to do so, Oracle has the right, under provisions of the Plan, to terminate the Plan, subject to the provisions of ERISA. In the event of the Plan’s termination, participants will become 100% vested in their accounts.

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting and Presentation

The accompanying financial statements of the Plan are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (GAAP). The preparation of financial statements in conformity with GAAP requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes and supplemental schedule. Actual results could differ from those estimates.

 

Investments Valuation and Income Recognition

The Plan’s investments are generally stated at their fair values with the exception of the Galliard Stable Value Fund (a separately-managed account fund investment), which is stated at its contract value in the statements of net assets available for benefits as of December 31, 2024 and 2023. The shares of registered investment companies (mutual funds) are valued at quoted market prices of the underlying securities. The money market funds are valued at cost plus accrued interest, which approximated fair values. Common stock, including Oracle’s common stock, is traded on a national securities exchange and is valued at the last reported sales price as of the last day of the Plan year. A description of the valuation techniques used to measure the fair values of the common/collective trust funds with significant balances as of December 31, 2024 are included in Note 4 below.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date.

The Oracle Stock Fund (the Fund) is tracked on a unitized basis, which allows for daily trades. The Fund consists of Oracle common stock and investment in the Fidelity Investments Money Market Government Portfolio sufficient to meet the Fund’s daily cash needs. The value of a unit reflects the combined market value of Oracle common stock and the cash investments held by the Fund. As of December 31, 2024 and 2023, 1,355,251 units with a value of $1,407.00 per unit and 1,451,083 units with a value of $881.13 per unit were outstanding, respectively.

 

Fair Value Measurements

The Plan performs fair value measurements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification 820, Fair Value Measurement (ASC 820). Refer to Note 3 for the fair value measurement disclosures associated with the Plan’s investments.

 

Risks and Uncertainties

The Plan provides for various investment options in common stock, registered investment companies (mutual funds), common/collective trusts, separately-managed account funds (including a stable value fund) and short-term investments. The Plan’s exposure to credit losses in the event of nonperformance of investments is limited to the carrying value of such investments. Investment securities, in general, are exposed to various risks, such as risk of foreign currency fluctuations relative to the U.S. Dollar, interest rate risk, credit risk, issuer going concern risk, and overall market volatility risk, among others. During the year ended December 31, 2024, net appreciation in fair values of investments totaled $5.1 billion. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits, participant account balances and the statement of changes in net assets available for benefits.

6


 

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2024

3.
FAIR VALUE MEASUREMENTS

The Plan performs fair value measurements in accordance with FASB ASC 820. ASC 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at their fair values, the Plan considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the assets or liabilities, such as inherent risk, transfer restrictions, and risk of nonperformance.

ASC 820 establishes a fair value hierarchy that requires the Plan to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or a liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value:

Level 1: quoted prices in active markets for identical assets or liabilities;
Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or
Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities.

 

Investments Measured at Fair Value on a Recurring Basis

Investments measured at fair value on a recurring basis consisted of the following types of instruments (Level 1 and 2 inputs are defined above):

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

Fair Value Measurements
Using Input Types

 

 

 

 

 

Fair Value Measurements
Using Input Types

 

 

 

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Total

 

Money market funds

 

$

528,555

 

 

$

 

 

$

528,555

 

 

$

439,144

 

 

$

 

 

$

439,144

 

Oracle Corporation and other common stock

 

 

3,852,571

 

 

 

 

 

 

3,852,571

 

 

 

2,912,433

 

 

 

 

 

 

2,912,433

 

Mutual funds

 

 

4,126,907

 

 

 

 

 

 

4,126,907

 

 

 

3,602,867

 

 

 

 

 

 

3,602,867

 

Corporate securities and others

 

 

138,098

 

 

 

13,786

 

 

 

151,884

 

 

 

148,228

 

 

 

12,597

 

 

 

160,825

 

Total investments measured at fair value

 

$

8,646,131

 

 

$

13,786

 

 

$

8,659,917

 

 

$

7,102,672

 

 

$

12,597

 

 

$

7,115,269

 

Common/collective trust funds measured at net asset value

 

 

 

 

 

 

 

 

21,066,930

 

 

 

 

 

 

 

 

 

17,801,968

 

Total investments

 

 

 

 

 

 

 

$

29,726,847

 

 

 

 

 

 

 

 

$

24,917,237

 

 

The Plan’s valuation techniques used to measure the fair values of money market funds, common stock, mutual funds and corporate securities and others that were classified as Level 1 in the table above were derived from quoted market prices as substantially all of these instruments have active markets. Our Level 2 instruments are valued based on yields currently available on comparable securities of issuers with similar credit ratings. When quoted prices are not available for identical or similar securities, the securities are valued using a discounted cash flow approach that maximizes observable inputs, such as current yields of similar instruments, but includes adjustments for certain risks that may not be observable, such as credit and liquidity risks. A description of the valuation techniques used to measure the fair values of common/collective trust funds and separately-managed account fund investments with significant balances as of December 31, 2024 and 2023 is included in Note 4 below. Redemption for common/collective trust funds is permitted daily with no restrictions and same-day or one-day notice periods and there are no unfunded commitments.

7


 

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2024

4.
COMPOSITION AND VALUATION METHODS OF CERTAIN PLAN INVESTMENTS

Fidelity Commingled Funds

The Plan held investments in Fidelity Contrafund Commingled Pool, Fidelity Growth Company Commingled Pool and Fidelity Low-Priced Stock Commingled Pool as of December 31, 2024 and 2023 (collectively, the Fidelity Commingled Funds). The Fidelity Commingled Funds are common/collective trust funds managed by Fidelity Management Trust Company. Fidelity Fund and Investment Operations, an affiliate of Fidelity Management Trust Company, determines the fair values of the Fidelity Commingled Funds on a daily basis using the net asset value (NAV) of units held of the commingled funds. The NAV is based on the fair values of the underlying investments held by each commingled fund less its liabilities. The fair values of the underlying investments are generally derived from the quoted prices in active markets of the underlying securities as substantially all of the underlying investments have active markets.

 

Vanguard Trusts

The Plan held investments in certain Vanguard Institutional Index Trusts and certain Vanguard Target Retirement Trusts as of December 31, 2024 and 2023 (collectively, the Vanguard Trusts). Details for the Vanguard Trusts as of December 31, 2024 are more specifically listed in Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year). The Vanguard Trusts are common/collective trust funds sponsored and maintained by Vanguard Fiduciary Trust Company. The trustee, Vanguard Fiduciary Trust Company, generally determines the fair values of the Vanguard Trusts’ units each day the New York Stock Exchange is open for trading. The underlying investments of the Vanguard Trusts are valued based on quoted market prices as substantially all of these underlying investments have active markets. The values of the Vanguard Trusts are determined based upon the values of these underlying investments held for benefit of the Vanguard Trusts less any liabilities.

 

Galliard Stable Value Fund

During the years ended December 31, 2024 and 2023, the Plan held investments in Galliard Stable Value Fund (Galliard Fund). The Galliard Fund is exclusively managed for the Plan by Galliard Capital Management, LLC, a wholly-owned subsidiary of Allspring Global Investments Holdings, LLC. The Galliard Fund primarily invests in security-backed investment contracts and money market funds. Security-backed investment contracts are issued by insurance companies and other financial institutions that wrap underlying bond funds, fixed income common/collective trust funds or separate accounts (Wrap Contract).

The issuer of the Wrap Contract provides a rate of return that has a zero percent floor and provides full benefit responsiveness, provided that all terms of the Wrap Contract have been met. Wrap Contracts are normally agreements entered with issuers rated in the top three long-term rating categories (equaling A- or above) as determined by any of the nationally recognized rating organizations in the United States. The Galliard Fund is credited with contributions from participants and earnings on the underlying investments and charged for participant withdrawals and administrative expenses.

As of December 31, 2024 and 2023, there were no reserves against the Wrap Contracts’ carrying values due to credit risks of the issuers. Certain events limit the ability of the Plan to transact at contract value with the Wrap Contract issuer. However, the Plan’s management is not aware of the occurrence or likely occurrence of any such events, which would limit the Plan's ability to transact at contract value with participants.

As of December 31, 2024 and 2023, the contract value of the Plan’s security-backed investment contracts were $1.2 billion and $1.3 billion, respectively.

8


 

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2024

5.
INCOME TAX STATUS

On October 20, 2015, the Plan received a determination letter from the IRS stating that the Plan is qualified under Section 401(a) of the Code, and therefore, the related trust is exempt from taxation. The 401(k) Committee believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax exempt. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

6.
PARTY-IN-INTEREST TRANSACTIONS

Transactions in shares of Oracle common stock qualify as party-in-interest transactions under the provisions of ERISA. During the year ended December 31, 2024, the Plan made purchases of approximately $85,712,000 and sales of approximately $130,489,000 of Oracle common stock. In addition, the Plan made in-kind transfers of Oracle common stock to participants, related to certain qualifying distributions, of approximately $52,851,000 during the year ended December 31, 2024.

Certain members of Oracle Corporation management perform administrative and fiduciary duties for the Plan that qualify them as parties-in-interest and/or related parties of the Plan. Transactions between such members of Oracle Corporation management and the Plan were routine in nature and conducted pursuant to the Plan’s provisions as of and during the year ended December 31, 2024.

As described in Note 1 above, Fidelity Management Trust Company is a directed trustee of the Plan and Fidelity Investments Institutional Operations Company, Inc. serves as the record keeper to maintain the individual accounts of each Plan participant. Certain Plan investments include shares of mutual funds that are managed by affiliates of Fidelity.

7.
DIFFERENCES BETWEEN FINANCIAL STATEMENTS AND FORM 5500

The following is a reconciliation of the net assets available for benefits per the financial statements to the Plan’s Form 5500:

 

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Net assets available for benefits per the financial statements

 

$

31,066,612

 

 

$

26,371,597

 

Adjustment from contract value to fair value of certain Galliard Stable Value Fund assets

 

 

(49,536

)

 

 

(56,275

)

Amounts allocated to withdrawing participants and other

 

 

(2,152

)

 

 

(2,282

)

Net assets available for benefits per the Form 5500

 

$

31,014,924

 

 

$

26,313,040

 

 

The following is a reconciliation of the changes in net assets available for benefits per the financial statements to the Plan’s Form 5500:

 

(in thousands)

 

 

 

December 31,
2024

 

Net increase in net assets available for benefits per the financial statements

 

 

 

$

4,695,015

 

Net change in fair value adjustment of certain Galliard Stable Value Fund assets

 

 

 

 

6,739

 

Net change in amounts allocated to withdrawing participants and other

 

 

 

 

130

 

Net income per the Form 5500

 

 

 

$

4,701,884

 

 

The fair value adjustment for certain Galliard Fund assets represented the differences between contract values of certain fully benefit-responsive contracts within the Galliard Fund as included in the statements of changes in net assets available for benefits for the year ended December 31, 2024, and the fair values of these contracts as reported in the Form 5500. Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to December 31, 2024 but were not yet paid.

9


 

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2024

8.
EXCESS CONTRIBUTIONS

Contributions received from participants for the year ended December 31, 2024 included approximately $276,000 of excess contributions (net of corresponding gains and losses) that were remitted during January 2025 through March 2025 to respective participants. The excess deferral contributions, originally deducted in the year ended December 31, 2024, were returned to comply with the participants’ applicable maximum annual contributions permitted under the Code. The amount is included in the Plan’s statement of net assets available for benefits as excess deferrals due to participants as of December 31, 2024.

10


 

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)

December 31, 2024

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

 

(e)
Current Value
(in thousands)

 

 

 

Registered Investment Companies:

 

 

 

 

 

 

 

 

 

Dodge & Cox International Stock Fund

 

 

6,365,095

 

shares

 

$

317,618

 

 

 

Dodge & Cox Stock Fund

 

 

4,374,568

 

shares

 

 

1,125,095

 

*

 

Fidelity Balanced Fund—Class K

 

 

28,256,941

 

shares

 

 

835,275

 

*

 

Fidelity Worldwide Fund

 

 

11,428,410

 

shares

 

 

397,709

 

 

 

PIMCO Inflation Response Multi-Asset Fund Institutional

 

 

5,059,639

 

shares

 

 

41,236

 

 

 

 

 

 

 

 

 

 

2,716,933

 

 

 

Assets in BrokerageLink Accounts

 

Various investments, including registered investment companies, common stocks, money market funds and cash

 

 

2,835,916

 

 

 

Oracle Corporation Common Stock Fund:

 

 

 

 

 

 

 

*

 

Oracle Corporation Common Stock

 

 

11,339,528

 

shares

 

 

1,889,619

 

*

 

Fidelity Investments Money Market Government Portfolio — Institutional Class

 

 

17,527,635

 

shares

 

 

17,528

 

 

 

 

 

 

 

 

 

 

1,907,147

 

 

 

Separately Managed Account Fund Investments:

 

 

 

 

 

 

 

 

 

Artisan International Separate Account—

 

 

 

 

 

 

 

 

 

Depository Receipts

 

 

 

 

 

 

 

 

 

Anheuser-Busch InBev SA/NV

 

 

13,809

 

shares

 

 

691

 

 

 

Argenx SE

 

 

6,265

 

shares

 

 

3,853

 

 

 

Cemex SAB de CV

 

 

193,458

 

shares

 

 

1,091

 

 

 

Novo Nordisk A/S—Class B

 

 

1,388

 

shares

 

 

119

 

 

 

Tencent Music Entertainment Group

 

 

115,819

 

shares

 

 

1,315

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

3i Group PLC

 

 

31,984

 

shares

 

 

1,427

 

 

 

Accor SA

 

 

31,479

 

shares

 

 

1,534

 

 

 

Aena SME SA

 

 

12,920

 

shares

 

 

2,642

 

 

 

Air Liquide SA

 

 

27,703

 

shares

 

 

4,503

 

 

 

Allianz SE

 

 

9,393

 

shares

 

 

2,879

 

 

 

Amazon.com Inc.

 

 

20,240

 

shares

 

 

4,440

 

 

 

Anheuser-Busch InBev SA/NV

 

 

28,783

 

shares

 

 

1,439

 

 

 

Aon PLC

 

 

11,379

 

shares

 

 

4,087

 

 

 

Argenx SE

 

 

3,077

 

shares

 

 

1,912

 

 

 

AXA SA

 

 

45,309

 

shares

 

 

1,611

 

 

 

BFF Bank SpA

 

 

140,276

 

shares

 

 

1,337

 

 

 

BNP Paribas SA

 

 

24,301

 

shares

 

 

1,491

 

 

 

British American Tobacco PLC

 

 

96,623

 

shares

 

 

3,484

 

 

 

Bureau Veritas SA

 

 

32,630

 

shares

 

 

992

 

 

 

Canadian Pacific Kansas City Ltd.

 

 

53,835

 

shares

 

 

3,898

 

 

 

Cie de Saint-Gobain SA

 

 

20,560

 

shares

 

 

1,825

 

 

 

Coca-Cola Bottlers Japan Holdings Inc.

 

 

55,142

 

shares

 

 

875

 

 

 

Danske Bank A/S

 

 

105,354

 

shares

 

 

2,981

 

 

 

Deutsche Börse AG

 

 

21,123

 

shares

 

 

4,866

 

 

 

Deutsche Telekom AG

 

 

210,816

 

shares

 

 

6,309

 

 

 

Engie SA

 

 

129,851

 

shares

 

 

2,059

 

 

 

EssilorLuxottica SA

 

 

1,241

 

shares

 

 

303

 

 

 

Flutter Entertainment PLC—United Kingdom

 

 

640

 

shares

 

 

166

 

 

 

Flutter Entertainment PLC—United States

 

 

4,548

 

shares

 

 

1,175

 

 

 

Galderma Group AG

 

 

14,321

 

shares

 

 

1,588

 

 

 

Hanwha Aerospace Co Ltd.

 

 

6,879

 

shares

 

 

1,519

 

 

 

Heineken NV

 

 

8,086

 

shares

 

 

575

 

 

11


 

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2024

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

 

(e)
Current Value
(in thousands)

 

 

 

LIG Nex1 Co Ltd.

 

 

10,107

 

shares

 

 

1,508

 

 

 

London Stock Exchange Group PLC

 

 

14,194

 

shares

 

 

2,005

 

 

 

Medacta Group SA

 

 

9,830

 

shares

 

 

1,155

 

 

 

Mediobanca Banca di Credito Finanziario SpA

 

 

103,047

 

shares

 

 

1,502

 

 

 

Melrose Industries PLC

 

 

612,936

 

shares

 

 

4,250

 

 

 

Mitsubishi UFJ Financial Group Inc.

 

 

226,800

 

shares

 

 

2,661

 

 

 

National Grid PLC

 

 

617,420

 

shares

 

 

7,343

 

 

 

Nestle SA

 

 

16,659

 

shares

 

 

1,375

 

 

 

Nippon Sanso Holdings Corp

 

 

64,890

 

shares

 

 

1,825

 

 

 

NKT A/S

 

 

15,634

 

shares

 

 

1,117

 

 

 

Novo Nordisk A/S—Class B

 

 

34,959

 

shares

 

 

3,031

 

 

 

Novonesis (Novozymes) B

 

 

21,142

 

shares

 

 

1,197

 

 

 

Otsuka Holdings Co Ltd.

 

 

23,300

 

shares

 

 

1,274

 

 

 

Pernod Ricard SA

 

 

7,454

 

shares

 

 

842

 

 

 

Reckitt Benckiser Group PLC

 

 

32,940

 

shares

 

 

1,993

 

 

 

RELX PLC

 

 

75,783

 

shares

 

 

3,443

 

 

 

Safran SA

 

 

12,423

 

shares

 

 

2,729

 

 

 

Samsung Electronics Co Ltd.

 

 

33,689

 

shares

 

 

1,212

 

 

 

SGS SA

 

 

27,256

 

shares

 

 

2,729

 

 

 

Sumitomo Mitsui Financial Group Inc.

 

 

83,000

 

shares

 

 

1,986

 

 

 

Swiss Re AG

 

 

8,096

 

shares

 

 

1,170

 

 

 

Tokyo Gas Co Ltd.

 

 

26,353

 

shares

 

 

732

 

 

 

TransAlta Corp

 

 

55,295

 

shares

 

 

782

 

 

 

UBS Group AG

 

 

263,471

 

shares

 

 

8,050

 

 

 

UCB SA

 

 

21,808

 

shares

 

 

4,342

 

 

 

UniCredit SpA

 

 

18,927

 

shares

 

 

755

 

 

 

Vonovia SE

 

 

86,693

 

shares

 

 

2,633

 

 

 

Wal-Mart de Mexico SAB de CV

 

 

372,900

 

shares

 

 

982

 

 

 

Wizz Air Holdings PLC

 

 

79,992

 

shares

 

 

1,441

 

 

 

Participating Certificate

 

 

 

 

 

 

 

 

 

Ryanair Holdings PLC

 

 

149,419

 

shares

 

 

2,951

 

 

 

Brown Brothers Harriman Short-Term Investment Fund

 

 

12,108,578

 

shares

 

 

12,108

 

 

 

 

 

 

 

 

 

 

150,109

 

 

 

Emerging Markets Stock Fund —

 

 

 

 

 

 

 

 

 

Registered Investment Companies

 

 

 

 

 

 

 

 

 

DFA Emerging Markets Core Equity Portfolio Institutional Class

 

 

3,634,853

 

shares

 

 

84,620

 

 

 

RBC Emerging Markets Equity Fund Class I

 

 

6,440,222

 

shares

 

 

84,431

 

 

 

 

 

 

 

 

 

 

169,051

 

 

 

Galliard Stable Value Fund —

 

 

 

 

 

 

 

 

 

Common/Collective Trust Funds

 

 

 

 

 

 

 

 

 

Galliard Intermediate Core Fund A

 

 

11,622,298

 

shares

 

 

353,647

 

 

 

Galliard Intermediate Core Fund L

 

 

6,596,010

 

shares

 

 

95,242

 

 

 

Galliard SA Intermediate Core Fund E

 

 

4,328,729

 

shares

 

 

121,453

 

 

 

Galliard SA Intermediate Core Fund Q

 

 

9,246,090

 

shares

 

 

111,975

 

 

12


 

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2024

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

 

(e)
Current Value
(in thousands)

 

 

 

Galliard Short Core Fund F

 

 

28,570,978

 

shares

 

 

475,021

 

*

 

Fidelity Investments Money Market Government Portfolio— Institutional Class

 

 

24,660,850

 

shares

 

 

24,661

 

 

 

 

 

 

 

 

 

 

1,181,999

 

 

 

US Small Mid Cap Value Fund —

 

 

 

 

 

 

 

 

 

Registered Investment Company

 

 

 

 

 

 

 

 

 

DFA US Targeted Value I

 

 

7,240,525

 

shares

 

 

248,857

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

Abercrombie & Fitch Co

 

 

13,057

 

shares

 

 

1,952

 

 

 

Academy Sports and Outdoors Inc.

 

 

28,375

 

shares

 

 

1,632

 

 

 

Acuity Brands Inc.

 

 

6,418

 

shares

 

 

1,875

 

 

 

Adtalem Global Education Inc.

 

 

23,269

 

shares

 

 

2,114

 

 

 

AGNC Investment Corp

 

 

160,090

 

shares

 

 

1,474

 

 

 

Allison Transmission Holdings

 

 

30,776

 

shares

 

 

3,326

 

 

 

Americold Realty Trust Inc.

 

 

56,157

 

shares

 

 

1,202

 

 

 

Amphastar Pharmaceuticals Inc.

 

 

25,617

 

shares

 

 

951

 

 

 

Archrock Inc.

 

 

72,881

 

shares

 

 

1,814

 

 

 

Ares Capital Corp

 

 

76,588

 

shares

 

 

1,677

 

 

 

Arrow Electronics Inc.

 

 

15,740

 

shares

 

 

1,781

 

 

 

Ashland Inc.

 

 

12,549

 

shares

 

 

897

 

 

 

Assurant Inc.

 

 

6,002

 

shares

 

 

1,280

 

 

 

Assured Guaranty Ltd.

 

 

44,554

 

shares

 

 

4,010

 

 

 

Atmus Filtration Technologies Inc.

 

 

39,571

 

shares

 

 

1,550

 

 

 

Avantor Inc.

 

 

78,127

 

shares

 

 

1,646

 

 

 

Avnet Inc.

 

 

25,010

 

shares

 

 

1,309

 

 

 

Axcelis Technologies Inc.

 

 

16,650

 

shares

 

 

1,163

 

 

 

AXIS Capital Holdings Ltd.

 

 

26,010

 

shares

 

 

2,305

 

 

 

Axos Financial Inc.

 

 

25,095

 

shares

 

 

1,753

 

 

 

AZZ Inc.

 

 

17,190

 

shares

 

 

1,408

 

 

 

Beacon Roofing Supply Inc.

 

 

46,787

 

shares

 

 

4,753

 

 

 

Beazer Homes USA Inc.

 

 

33,558

 

shares

 

 

921

 

 

 

BellRing Brands Inc.

 

 

16,943

 

shares

 

 

1,276

 

 

 

BGC Group Inc.

 

 

188,108

 

shares

 

 

1,704

 

 

 

BJ's Wholesale Club Holdings Inc.

 

 

17,910

 

shares

 

 

1,600

 

 

 

Blue Owl Capital Corp

 

 

128,517

 

shares

 

 

1,943

 

 

 

Boyd Gaming Corp

 

 

37,738

 

shares

 

 

2,738

 

 

 

Brady Corp

 

 

20,283

 

shares

 

 

1,498

 

 

 

The Brink's Company

 

 

22,601

 

shares

 

 

2,097

 

 

 

Builders FirstSource Inc.

 

 

19,157

 

shares

 

 

2,738

 

 

 

Cactus Inc.—Class A

 

 

15,928

 

shares

 

 

930

 

 

 

Cadence Bank

 

 

42,015

 

shares

 

 

1,447

 

 

 

Carlisle Companies Inc.

 

 

3,356

 

shares

 

 

1,238

 

 

 

Cars.com Inc.

 

 

133,348

 

shares

 

 

2,311

 

 

 

Catalyst Pharmaceuticals Inc.

 

 

57,487

 

shares

 

 

1,200

 

 

 

ChampionX Corp

 

 

47,376

 

shares

 

 

1,288

 

 

 

Check Point Software Technologies Ltd.

 

 

15,734

 

shares

 

 

2,938

 

 

 

Chemed Corp

 

 

3,039

 

shares

 

 

1,610

 

 

 

Coca-Cola Consolidated Inc.

 

 

1,495

 

shares

 

 

1,884

 

 

 

Columbia Banking System Inc.

 

 

72,336

 

shares

 

 

1,954

 

 

13


 

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2024

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

 

(e)
Current Value
(in thousands)

 

 

 

Commercial Metals Company

 

 

26,654

 

shares

 

 

1,322

 

 

 

Concentrix Corp

 

 

31,180

 

shares

 

 

1,349

 

 

 

Corpay Inc.

 

 

4,537

 

shares

 

 

1,535

 

 

 

Crocs Inc.

 

 

10,964

 

shares

 

 

1,201

 

 

 

Curtiss-Wright Corp

 

 

9,932

 

shares

 

 

3,525

 

 

 

DaVita Inc.

 

 

13,282

 

shares

 

 

1,986

 

 

 

East West Bancorp Inc.

 

 

40,788

 

shares

 

 

3,906

 

 

 

Ecovyst Inc.

 

 

137,179

 

shares

 

 

1,048

 

 

 

Eldorado Gold Corp

 

 

94,506

 

shares

 

 

1,405

 

 

 

Element Solutions Inc.

 

 

58,233

 

shares

 

 

1,481

 

 

 

EMCOR Group Inc.

 

 

9,218

 

shares

 

 

4,184

 

 

 

Enact Holdings Inc.

 

 

47,402

 

shares

 

 

1,535

 

 

 

EnerSys

 

 

29,648

 

shares

 

 

2,740

 

 

 

Essent Group Ltd.

 

 

45,366

 

shares

 

 

2,470

 

 

 

Essex Property Trust Inc.

 

 

3,717

 

shares

 

 

1,061

 

 

 

Evercore Inc.

 

 

11,853

 

shares

 

 

3,286

 

 

 

Everest Group Ltd.

 

 

4,834

 

shares

 

 

1,752

 

 

 

Evolent Health Inc.

 

 

148,400

 

shares

 

 

1,670

 

 

 

Federal Agricultural Mortgage Corp—Class C

 

 

14,403

 

shares

 

 

2,837

 

 

 

First Advantage Corp

 

 

123,872

 

shares

 

 

2,320

 

 

 

First American Financial Corp

 

 

30,529

 

shares

 

 

1,906

 

 

 

First Industrial Realty Trust Inc.

 

 

22,486

 

shares

 

 

1,127

 

 

 

Firstcash Holdings Inc.

 

 

33,963

 

shares

 

 

3,519

 

 

 

Flex Ltd.

 

 

95,833

 

shares

 

 

3,679

 

 

 

FMC Corp

 

 

24,490

 

shares

 

 

1,190

 

 

 

Frontdoor Inc.

 

 

62,247

 

shares

 

 

3,403

 

 

 

FTI Consulting Inc.

 

 

9,697

 

shares

 

 

1,853

 

 

 

The Gap Inc.

 

 

71,214

 

shares

 

 

1,683

 

 

 

Gen Digital Inc.

 

 

105,424

 

shares

 

 

2,887

 

 

 

Grand Canyon Education Inc.

 

 

22,374

 

shares

 

 

3,665

 

 

 

Granite Construction Inc.

 

 

29,063

 

shares

 

 

2,549

 

 

 

Griffon Corp

 

 

22,207

 

shares

 

 

1,583

 

 

 

Haemonetics Corp

 

 

26,627

 

shares

 

 

2,079

 

 

 

Halozyme Therapeutics Inc.

 

 

20,897

 

shares

 

 

999

 

 

 

Hancock Whitney Corp

 

 

36,003

 

shares

 

 

1,970

 

 

 

Heritage Commerce Corp

 

 

85,375

 

shares

 

 

801

 

 

 

Home BancShares Inc.

 

 

57,603

 

shares

 

 

1,630

 

 

 

Huron Consulting Group Inc.

 

 

13,231

 

shares

 

 

1,644

 

 

 

ICON PLC

 

 

8,611

 

shares

 

 

1,806

 

 

 

Ingredion Inc.

 

 

11,416

 

shares

 

 

1,570

 

 

 

Installed Building Products Inc.

 

 

5,233

 

shares

 

 

917

 

 

 

InterDigital Inc.

 

 

17,378

 

shares

 

 

3,366

 

 

 

Jefferies Financial Group Inc.

 

 

25,183

 

shares

 

 

1,974

 

 

 

KBR Inc.

 

 

21,737

 

shares

 

 

1,259

 

 

 

Kelly Services Inc.

 

 

114,240

 

shares

 

 

1,593

 

 

 

Kemper Corp

 

 

24,441

 

shares

 

 

1,624

 

 

 

Kimco Realty Corp

 

 

79,699

 

shares

 

 

1,867

 

 

 

Knife River Corp

 

 

13,210

 

shares

 

 

1,343

 

 

 

Lamar Advertising Company

 

 

10,983

 

shares

 

 

1,337

 

 

 

Lantheus Holdings Inc.

 

 

18,443

 

shares

 

 

1,650

 

 

14


 

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2024

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

 

(e)
Current Value
(in thousands)

 

 

 

Laureate Education Inc.—Class A

 

 

95,325

 

shares

 

 

1,743

 

 

 

Lithia Motors Inc.—Class A

 

 

8,775

 

shares

 

 

3,136

 

 

 

LPL Financial Holdings Inc.

 

 

6,635

 

shares

 

 

2,166

 

 

 

Manite Inc.

 

 

271,708

 

shares

 

 

4,326

 

 

 

Masco Corp

 

 

19,988

 

shares

 

 

1,451

 

 

 

Matson Inc.

 

 

10,084

 

shares

 

 

1,360

 

 

 

Meritage Homes Corp

 

 

13,146

 

shares

 

 

2,022

 

 

 

Methanex Corp

 

 

49,748

 

shares

 

 

2,484

 

 

 

Molina Healthcare Inc.

 

 

6,874

 

shares

 

 

2,001

 

 

 

The Mosaic Co

 

 

62,098

 

shares

 

 

1,526

 

 

 

NetApp Inc.

 

 

11,065

 

shares

 

 

1,284

 

 

 

Nexstar Media Group Inc.

 

 

13,503

 

shares

 

 

2,133

 

 

 

NiSource Inc.

 

 

46,020

 

shares

 

 

1,692

 

 

 

Nomad Foods Ltd.

 

 

90,075

 

shares

 

 

1,511

 

 

 

Old National Bancorp

 

 

89,777

 

shares

 

 

1,949

 

 

 

Peapack-Gladstone Financial Corp

 

 

37,742

 

shares

 

 

1,210

 

 

 

Pediatrix Medical Group Inc.

 

 

106,219

 

shares

 

 

1,394

 

 

 

PennyMac Financial Services

 

 

27,836

 

shares

 

 

2,843

 

 

 

Performance Food Group Company

 

 

14,555

 

shares

 

 

1,231

 

 

 

Pinnacle Financial Partners Inc.

 

 

14,877

 

shares

 

 

1,702

 

 

 

Preferred Bank

 

 

22,254

 

shares

 

 

1,922

 

 

 

Primo Brands Corp

 

 

62,251

 

shares

 

 

1,915

 

 

 

Qorvo Inc.

 

 

20,637

 

shares

 

 

1,443

 

 

 

RenaissanceRe Holdings Ltd.

 

 

11,531

 

shares

 

 

2,869

 

 

 

Resideo Technologies Inc.

 

 

59,241

 

shares

 

 

1,366

 

 

 

Select Water Solutions Inc.

 

 

80,677

 

shares

 

 

1,068

 

 

 

Sensata Technologies Holding

 

 

73,981

 

shares

 

 

2,027

 

 

 

Sharkninja Inc.

 

 

26,336

 

shares

 

 

2,564

 

 

 

Shift4 Payments Inc.

 

 

34,757

 

shares

 

 

3,607

 

 

 

The Simply Good Foods Co

 

 

66,485

 

shares

 

 

2,592

 

 

 

Six Flags Entertainment Corp

 

 

36,650

 

shares

 

 

1,766

 

 

 

Skechers USA Inc.—Class A

 

 

25,327

 

shares

 

 

1,703

 

 

 

SLM Corp

 

 

182,158

 

shares

 

 

5,024

 

 

 

SouthState Corp

 

 

15,678

 

shares

 

 

1,560

 

 

 

SS&C Technologies Holdings Inc.

 

 

25,758

 

shares

 

 

1,952

 

 

 

Sterling Infrastructure Inc.

 

 

9,143

 

shares

 

 

1,540

 

 

 

Steven Madden Ltd.

 

 

23,603

 

shares

 

 

1,004

 

 

 

SYNNEX Corp

 

 

24,867

 

shares

 

 

2,916

 

 

 

Talen Energy Corp

 

 

7,821

 

shares

 

 

1,576

 

 

 

Taylor Morrison Home Corp

 

 

34,027

 

shares

 

 

2,083

 

 

 

TechnipFMC PLC

 

 

61,824

 

shares

 

 

1,789

 

 

 

TEGNA Inc.

 

 

113,960

 

shares

 

 

2,084

 

 

 

Textron Inc.

 

 

16,666

 

shares

 

 

1,275

 

 

 

TKO Group Holdings Inc.

 

 

11,660

 

shares

 

 

1,657

 

 

 

TriNet Group Inc.

 

 

10,758

 

shares

 

 

976

 

 

 

Twilio Inc.

 

 

25,631

 

shares

 

 

2,770

 

 

 

Ultra Clean Holdings Inc.

 

 

46,111

 

shares

 

 

1,658

 

 

 

Universal Health Services Inc.—Class B

 

 

6,681

 

shares

 

 

1,199

 

 

15


 

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2024

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

 

(e)
Current Value
(in thousands)

 

 

 

US Foods Holding Corp

 

 

49,786

 

shares

 

 

3,359

 

 

 

Valmont Industries Inc.

 

 

7,079

 

shares

 

 

2,171

 

 

 

Viper Energy Inc.

 

 

73,412

 

shares

 

 

3,602

 

 

 

Voya Financial Inc.

 

 

42,407

 

shares

 

 

2,919

 

 

 

Weatherford International PLC

 

 

26,404

 

shares

 

 

1,891

 

 

 

Western Alliance Bancorp

 

 

41,724

 

shares

 

 

3,486

 

 

 

White Mountains Insurance Group Ltd.

 

 

702

 

shares

 

 

1,365

 

 

 

Wintrust Financial Corp

 

 

27,122

 

shares

 

 

3,382

 

 

 

World Kinect Corp

 

 

66,859

 

shares

 

 

1,839

 

 

 

Zions Bancorp N.A.

 

 

41,973

 

shares

 

 

2,277

 

 

 

Brown Brothers Harriman Short-Term Investment Fund

 

 

4,346,205

 

shares

 

 

4,346

 

 

 

 

 

 

 

 

 

 

550,836

 

 

 

William Blair Small Mid Cap Growth Separate Account —

 

 

 

 

 

 

 

 

 

Depository Receipts

 

 

 

 

 

 

 

 

 

NICE Systems Ltd.

 

 

21,849

 

shares

 

 

3,711

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

Acadia Healthcare Company Inc.

 

 

67,856

 

shares

 

 

2,691

 

 

 

ACV Auctions Inc.—Class A

 

 

192,802

 

shares

 

 

4,165

 

 

 

Advanced Drainage Systems Inc.

 

 

26,120

 

shares

 

 

3,020

 

 

 

Amicus Therapeutics Inc.

 

 

345,210

 

shares

 

 

3,252

 

 

 

Avantor Inc.

 

 

104,590

 

shares

 

 

2,204

 

 

 

The AZEK Company Inc.

 

 

81,950

 

shares

 

 

3,890

 

 

 

The Baldwin Insurance Group Inc.

 

 

75,500

 

shares

 

 

2,926

 

 

 

Bio-Techne Corp

 

 

30,420

 

shares

 

 

2,191

 

 

 

Blueprint Medicines Corp

 

 

45,000

 

shares

 

 

3,925

 

 

 

Bright Horizons Family Solutions Inc.

 

 

51,053

 

shares

 

 

5,659

 

 

 

The Brink's Company

 

 

42,937

 

shares

 

 

3,983

 

 

 

Burlington Stores Inc.

 

 

9,850

 

shares

 

 

2,808

 

 

 

BWX Technologies Inc.

 

 

26,875

 

shares

 

 

2,994

 

 

 

Cameco Corp

 

 

63,473

 

shares

 

 

3,262

 

 

 

The Carlyle Group Inc.

 

 

141,064

 

shares

 

 

7,122

 

 

 

Casella Waste Systems Inc.—Class A

 

 

42,350

 

shares

 

 

4,481

 

 

 

CF Industries Holdings Inc.

 

 

53,100

 

shares

 

 

4,531

 

 

 

Chart Industries Inc.

 

 

18,554

 

shares

 

 

3,541

 

 

 

Chemed Corp

 

 

10,682

 

shares

 

 

5,659

 

 

 

Churchill Downs Inc.

 

 

29,910

 

shares

 

 

3,994

 

 

 

Clearwater Analytics Holdings Inc.

 

 

188,934

 

shares

 

 

5,200

 

 

 

Cognex Corp

 

 

129,400

 

shares

 

 

4,640

 

 

 

Confluent Inc.—Class A

 

 

217,347

 

shares

 

 

6,077

 

 

 

Credo Technology Group Holding Ltd.

 

 

36,215

 

shares

 

 

2,434

 

 

 

Curtiss-Wright Corp

 

 

8,820

 

shares

 

 

3,130

 

 

 

Doximity Inc.—Class A

 

 

118,603

 

shares

 

 

6,332

 

 

 

Dynatrace Inc.

 

 

114,893

 

shares

 

 

6,244

 

 

 

Eagle Materials Inc.

 

 

9,810

 

shares

 

 

2,421

 

 

 

e.l.f. Beauty Inc.

 

 

52,430

 

shares

 

 

6,583

 

 

 

Encompass Health Corp

 

 

37,124

 

shares

 

 

3,428

 

 

 

EPAM Systems Inc.

 

 

16,560

 

shares

 

 

3,872

 

 

 

Everest Group Ltd.

 

 

13,251

 

shares

 

 

4,803

 

 

16


 

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2024

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

 

(e)
Current Value
(in thousands)

 

 

 

Evolent Health Inc.—Class A

 

 

135,290

 

shares

 

 

1,522

 

 

 

Exact Sciences Corp

 

 

75,350

 

shares

 

 

4,234

 

 

 

ExlService Holdings Inc.

 

 

119,360

 

shares

 

 

5,297

 

 

 

FirstService Corp

 

 

13,927

 

shares

 

 

2,521

 

 

 

Flywire Corp

 

 

232,286

 

shares

 

 

4,790

 

 

 

Fox Factory Holding Corp

 

 

52,000

 

shares

 

 

1,574

 

 

 

Freshpet Inc.

 

 

24,960

 

shares

 

 

3,697

 

 

 

FTAI Aviation Ltd.

 

 

25,650

 

shares

 

 

3,695

 

 

 

Glaukos Corp

 

 

22,750

 

shares

 

 

3,411

 

 

 

Globus Medical Inc.

 

 

23,850

 

shares

 

 

1,973

 

 

 

Guidewire Software Inc.

 

 

17,754

 

shares

 

 

2,993

 

 

 

Insmed Inc.

 

 

52,124

 

shares

 

 

3,599

 

 

 

Inspire Medical Systems Inc.

 

 

20,061

 

shares

 

 

3,719

 

 

 

Insulet Corp

 

 

16,618

 

shares

 

 

4,339

 

 

 

Kosmos Energy Ltd.

 

 

524,986

 

shares

 

 

1,795

 

 

 

Lancaster Colony Corp

 

 

18,324

 

shares

 

 

3,173

 

 

 

Lattice Semiconductor Corp

 

 

38,360

 

shares

 

 

2,173

 

 

 

Louisiana-Pacific Corp

 

 

23,682

 

shares

 

 

2,452

 

 

 

Madrigal Pharmaceuticals Inc.

 

 

8,070

 

shares

 

 

2,490

 

 

 

Manhattan Associates Inc.

 

 

19,310

 

shares

 

 

5,218

 

 

 

Mercury Systems Inc.

 

 

121,590

 

shares

 

 

5,107

 

 

 

Merit Medical Systems Inc.

 

 

2,660

 

shares

 

 

257

 

 

 

Mueller Industries Inc.

 

 

63,040

 

shares

 

 

5,003

 

 

 

Neogen Corp

 

 

292,940

 

shares

 

 

3,556

 

 

 

New Fortress Energy Inc.

 

 

311,895

 

shares

 

 

4,716

 

 

 

Novanta Inc.

 

 

20,220

 

shares

 

 

3,089

 

 

 

nVent Electric PLC

 

 

64,750

 

shares

 

 

4,413

 

 

 

Parsons Corp

 

 

18,930

 

shares

 

 

1,746

 

 

 

Penumbra Inc.

 

 

16,735

 

shares

 

 

3,974

 

 

 

Planet Fitness Inc.—Class A

 

 

44,910

 

shares

 

 

4,440

 

 

 

Pool Corp

 

 

13,060

 

shares

 

 

4,453

 

 

 

Primo Brands Corp—Class A

 

 

231,180

 

shares

 

 

7,113

 

 

 

Pure Storage Inc.—Class A

 

 

66,210

 

shares

 

 

4,067

 

 

 

Q2 Holdings Inc.

 

 

45,100

 

shares

 

 

4,539

 

 

 

Range Resources Corp

 

 

45,530

 

shares

 

 

1,638

 

 

 

Regal Rexnord Corp

 

 

24,050

 

shares

 

 

3,731

 

 

 

Revolve Group Inc.

 

 

70,808

 

shares

 

 

2,371

 

 

 

SharkNinja Inc.

 

 

61,710

 

shares

 

 

6,008

 

 

 

Stride Inc.

 

 

53,500

 

shares

 

 

5,560

 

 

 

Talen Energy Corp

 

 

30,660

 

shares

 

 

6,177

 

 

 

Tenable Holdings Inc.

 

 

74,408

 

shares

 

 

2,930

 

 

 

TPG Inc.

 

 

54,002

 

shares

 

 

3,394

 

 

 

Twist Bioscience Corp

 

 

59,461

 

shares

 

 

2,763

 

 

 

Varonis Systems Inc.

 

 

43,370

 

shares

 

 

1,927

 

 

 

Western Alliance Bancorp

 

 

39,972

 

shares

 

 

3,339

 

 

 

Whitecap Resources Inc.

 

 

488,520

 

shares

 

 

3,464

 

 

17


 

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2024

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

 

(e)
Current Value
(in thousands)

 

 

 

WillScot Holdings Corp

 

 

100,580

 

shares

 

 

3,364

 

 

 

William Blair Money Market Funds

 

 

2,287,996

 

shares

 

 

2,288

 

 

 

 

 

 

 

 

 

 

305,265

 

 

 

Common/Collective Trust Funds:

 

 

 

 

 

 

 

 

 

Broad Market Bond I —

 

 

 

 

 

 

 

 

 

Allspring Core Bond CIT II – E3

 

 

19,707,575

 

shares

 

 

228,273

 

 

 

Loomis Sayles Core Plus Bond F

 

 

13,571,513

 

shares

 

 

228,273

 

*

 

Fidelity Contrafund Commingled Pool—Class S

 

 

60,082,121

 

shares

 

 

2,752,362

 

*

 

Fidelity Low-Priced Stock Commingled Pool—Class O

 

 

21,672,394

 

shares

 

 

566,516

 

*

 

Fidelity Growth Company Commingled Pool—Class S

 

 

50,737,267

 

shares

 

 

3,611,479

 

 

 

Vanguard Institutional 500 Index Trust

 

 

17,865,575

 

shares

 

 

4,580,197

 

 

 

Vanguard Institutional Extended Market Index Trust

 

 

4,047,467

 

shares

 

 

785,249

 

 

 

Vanguard Institutional Total Bond Market Index Trust

 

 

6,861,554

 

shares

 

 

735,010

 

 

 

Vanguard Institutional Total International Stock Market Index Trust

 

 

5,470,234

 

shares

 

 

723,493

 

 

 

Vanguard Target Retirement 2020 Trust Select

 

 

2,541,312

 

shares

 

 

292,479

 

 

 

Vanguard Target Retirement 2025 Trust Select

 

 

5,255,566

 

shares

 

 

623,468

 

 

 

Vanguard Target Retirement 2030 Trust Select

 

 

8,473,917

 

shares

 

 

1,027,208

 

 

 

Vanguard Target Retirement 2035 Trust Select

 

 

8,460,332

 

shares

 

 

1,045,528

 

 

 

Vanguard Target Retirement 2040 Trust Select

 

 

8,361,583

 

shares

 

 

1,052,974

 

 

 

Vanguard Target Retirement 2045 Trust Select

 

 

6,716,088

 

shares

 

 

861,070

 

 

 

Vanguard Target Retirement 2050 Trust Select

 

 

5,580,327

 

shares

 

 

724,773

 

 

 

Vanguard Target Retirement 2055 Trust Select

 

 

4,399,035

 

shares

 

 

571,215

 

 

 

Vanguard Target Retirement 2060 Trust Select

 

 

2,934,920

 

shares

 

 

381,099

 

 

 

Vanguard Target Retirement 2065 Trust Select

 

 

875,447

 

shares

 

 

113,668

 

 

 

Vanguard Target Retirement 2070 Trust Select

 

 

81,588

 

shares

 

 

11,465

 

 

 

Vanguard Target Retirement Income Trust Select

 

 

1,344,819

 

shares

 

 

151,131

 

 

 

 

 

 

 

 

 

 

21,066,930

 

 

 

Total investments at fair value

 

 

 

 

 

$

30,884,186

 

*

 

Notes Receivable from Participants

 

3.25% - 10.50%, maturing through 2042

 

$

101,627

 

 

 

*

Indicates a party-in-interest to the Plan.

 

Column (d), cost, has been omitted, as all investments are participant directed.

18


 

INDEX TO EXHIBITS

Exhibit Number

 

Exhibit Title

23.01

 

Consent of Independent Registered Public Accounting Firm

 

19


 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the persons who administer the employee benefit plan have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.

 

 

ORACLE CORPORATION
401(k) SAVINGS AND INVESTMENT PLAN

 

 

 

 

 

Date: April 25, 2025

By:

/s/ Rhonda Davidson

Rhonda Davidson

Vice President US Benefits

 

20