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

Rhea-AI Filing Summary

Thomas J. Shaw, President & CEO and director of Retractable Technologies, Inc. (RVP), acquired 3,983 shares of the issuer's common stock at a weighted average price of $0.8015 under a Rule 10b5-1 plan. After the reported purchase, Mr. Shaw directly beneficially owned 15,593,248 shares and held indirect beneficial ownership of 831,600 shares through arrangements that include trustee investment power and a voting agreement.

The filing identifies Mr. Shaw as a director, officer and a greater-than-10% owner and states the 10b5-1 plan was adopted on August 22, 2024. The disclosed transaction was reported on Form 4 and was filed by one reporting person.

Insights

Securities Analyst

TL;DR: Routine insider purchase under a 10b5-1 plan; small incremental acquisition relative to large existing holdings.

The acquisition of 3,983 shares at a $0.8015 weighted average price is explicitly reported and executed pursuant to a Rule 10b5-1 plan adopted August 22, 2024. Given Mr. Shaw's large direct stake of 15,593,248 shares and indirect control of 831,600 shares, this transaction is immaterial in size but confirms continued insider ownership alignment with shareholders. There is no disclosure of any derivative activity or other unusual transactions in this filing.

Corporate Governance Expert

TL;DR: Disclosure shows governance clarity on voting and investment control, and use of a pre-established trading plan.

The Form 4 details that Mr. Shaw exercises investment power over 500,000 shares as trustee and voting control over additional shares via a voting agreement, clarifying the mix of direct and indirect ownership. The use of a 10b5-1 plan (adopted August 22, 2024) is explicitly noted and the reporting form indicates a single reporting person filed the transaction. These elements improve transparency but do not indicate material change to control or governance structure.

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
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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)
08/13/2025

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	08/13/2025		P		3,983	A	$0.8015(1)	15,593,248	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	08/14/2025
	** 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 Form 4 for RVP?

The report shows Mr. Shaw acquired 3,983 shares of RVP common stock at a weighted average price of $0.8015 pursuant to a Rule 10b5-1 plan.

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

Following the purchase, Mr. Shaw directly beneficially owned 15,593,248 shares and had indirect beneficial ownership of 831,600 shares.

What is the nature of the indirect ownership disclosed by Mr. Shaw in the RVP filing?

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

Was the transaction executed under a 10b5-1 trading plan for RVP?

Yes. The Form 4 indicates the purchase was made under a Rule 10b5-1 plan, and the plan's adoption date is disclosed as August 22, 2024.

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

The filing identifies Mr. Shaw as a Director, President and CEO, and a greater-than-10% owner of RVP.