Retractable Technologies Insider Buy: Shaw Increases Stake Under 10b5-1 Plan

Rhea-AI Filing Summary

Retractable Technologies, Inc. (RVP) Form 4 shows that Thomas J. Shaw, who serves as President & CEO, Director and a greater-than-10% owner, executed a purchase of 9,042 shares of the company's common stock under a Rule 10b5-1 plan at a weighted average price of $0.7963 per share. After the transaction, Mr. Shaw beneficially owns 15,645,325 shares directly and 831,600 shares indirectly (the indirect shares reflect his investment power as Trustee for a family member and voting control under a voting agreement). The filing discloses the 10b5-1 plan adoption date as August 22, 2024.

Positive

• Insider purchase disclosed: Thomas J. Shaw acquired 9,042 shares, indicating continued insider participation in the equity.
• Large existing stake documented: Mr. Shaw beneficially owns 15,645,325 shares directly, showing substantial alignment with shareholders.
• Purchase executed under a 10b5-1 plan: Trade conforms to a pre-established plan (adopted August 22, 2024), reducing concerns about opportunistic timing.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchase is disclosed under a pre-existing 10b5-1 plan; transaction size is small relative to total holdings.

The Form 4 records a modest open-market purchase of 9,042 shares at a weighted average price of $0.7963 executed pursuant to a Rule 10b5-1 plan. Mr. Shaw already holds a substantial equity position: 15,645,325 shares directly and 831,600 indirectly. The presence of a 10b5-1 plan signals the trade followed a pre-established trading arrangement rather than a discretionary, contemporaneous decision. This reduces signaling value but confirms continued incremental insider accumulation.

Corporate Governance Expert

TL;DR: Disclosure is complete for this transaction and clarifies voting and investment control arrangements.

The Form 4 identifies Mr. Shaw's multiple roles and specifies that 831,600 shares are subject to his investment power as Trustee, with voting control over remaining shares via a voting agreement. The filing includes the 10b5-1 plan adoption date, which supports compliance with insider trading rules. Documentation appears to satisfy Section 16 reporting requirements for this reported purchase.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SHAW THOMAS J

(Last) (First) (Middle)

511 LOBO LANE

(Street)

LITTLE ELM TX 75068

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RETRACTABLE TECHNOLOGIES INC [ RVP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/19/2025		P		9,042	A	$0.7963(1)	15,645,325	D
Common Stock								831,600	I	Voting or Investment Control(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents weighted average price.

2. Mr. Shaw has investment power over 500,000 shares as Trustee for the benefit of a family member. Mr. Shaw has voting control over the remainder of the shares pursuant to a voting agreement.

Remarks:

The Rule 10b5-1 Plan's date of adoption was August 22, 2024.

	/s/ D. Valerie Thomas, Attorney-in-Fact	08/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Thomas J. Shaw report on the Form 4 for RVP?

Mr. Shaw reported a purchase of 9,042 shares of RVP common stock at a weighted average price of $0.7963 per share.

How many RVP shares does Thomas J. Shaw beneficially own after this transaction?

Following the reported transaction, Mr. Shaw beneficially owns 15,645,325 shares directly and 831,600 shares indirectly.

Why are some shares listed as indirect ownership for Mr. Shaw?

The filing states Mr. Shaw has investment power over 500,000 shares as Trustee for a family member and holds voting control over the remainder via a voting agreement.

Was the purchase executed pursuant to a 10b5-1 trading plan?

Yes. The Form 4 indicates the transaction was made pursuant to a Rule 10b5-1 plan, with the plan adoption date disclosed as August 22, 2024.

What roles does Thomas J. Shaw hold at Retractable Technologies (RVP)?

The filing lists Mr. Shaw as President & CEO, a Director, and a greater-than-10% owner of the company.