Insider Buying: Retractable Technologies CEO adds shares under 10b5-1

Rhea-AI Filing Summary

Retractable Technologies (RVP) filed a Form 4 showing that President, CEO, Director and 10% owner Thomas J. Shaw bought 1,575 common shares on 08/01/2025 at a weighted-average price of $0.703. The transaction was coded “P” (open-market purchase) and executed under a Rule 10b5-1 plan adopted 08/22/2024.

Following the purchase, Shaw directly owns 15,498,332 shares and holds indirect control over an additional 831,600 shares—bringing his total beneficial interest to roughly 16.3 million shares. The incremental buy represents less than 0.01% of his existing stake, so economic impact is minimal, yet the action reiterates insider alignment at a depressed price level. No derivative security activity was reported.

Positive

• CEO & 10% owner purchased shares, signaling confidence even if small in size.
• Rule 10b5-1 plan properly disclosed, reinforcing transparency and regulatory compliance.
• Large ongoing insider stake (≈16.3 M shares) keeps management incentives aligned with shareholders.

Negative

• Purchase size is economically insignificant (<0.01% of existing stake), limiting its market relevance.
• Trade executed under a pre-planned 10b5-1 program, which weakens any incremental information value compared with discretionary buying.

Insights

Financial Analyst

TL;DR: Tiny insider buy under 10b5-1; sentiment mildly positive but financially immaterial.

The $1.1k purchase (1,575 × $0.703) is negligible versus Shaw’s 15.5 M-share holding, so it will not alter ownership structure or market supply. However, continued buying—even via a pre-planned program—can reassure investors that leadership perceives the current valuation as inexpensive. Because the trade is pre-scheduled, signaling value is weaker than discretionary buying. Overall impact on valuation or liquidity is neutral.

Corporate Governance Specialist

TL;DR: Compliance strong; stake remains high; no governance red flags detected.

The filing confirms adherence to Section 16 reporting timelines and Rule 10b5-1 disclosure. Shaw’s >10% ownership continues to align managerial incentives with shareholders. The marginal share addition does not change control dynamics, nor does it introduce related-party complexity. Governance impact is therefore neutral, albeit directionally reassuring.

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)
08/01/2025

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	08/01/2025		P		1,575	A	$0.703(1)	15,498,332	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	08/04/2025
	** 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

How many shares did RVP CEO Thomas J. Shaw buy on 08/01/2025?

He bought 1,575 common shares.

What price did Shaw pay for the RVP shares?

The weighted-average purchase price was $0.703 per share.

What is Shaw’s total direct ownership after the transaction?

He now directly holds 15,498,332 RVP shares.

Does Shaw have additional indirect ownership in RVP?

Yes, he controls 831,600 shares indirectly through voting or investment power.

Was the purchase made under a Rule 10b5-1 plan?

Yes. The plan was adopted on August 22, 2024 and the filing affirms compliance.

Is this insider purchase considered material to investors?

Given its small size relative to Shaw’s existing stake, the market impact is viewed as immaterial.