Retractable Technologies insider filing: Shaw holds 15.59M shares after 10b5-1 trade

Rhea-AI Filing Summary

Thomas J. Shaw, identified as President & CEO, Director and a 10% owner of Retractable Technologies, Inc. (RVP), reported a transaction executed under a Rule 10b5-1 plan. On 08/12/2025 he acquired 8,411 shares of common stock at a weighted-average price of $0.823. Following the reported transaction, he is shown as directly beneficially owning 15,589,265 shares.

In addition to direct holdings, the filing discloses 831,600 shares of indirect beneficial ownership described as voting or investment control; the filing notes 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. The 10b5-1 plan was adopted on 08/22/2024, indicating the trade was part of a pre-arranged program rather than an ad hoc transaction.

Positive

• Transaction executed under a Rule 10b5-1 plan (adopted 08/22/2024), which clarifies pre-arranged trading intent
• Reporting person is a major insider and executive: direct beneficial ownership of 15,589,265 shares
• Filed acquisition of 8,411 shares at a weighted-average price of $0.823, providing a precise price disclosure
• Indirect holdings and control arrangements disclosed: 831,600 indirect shares with voting/investment control and trustee investment power over 500,000 shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine trade under a 10b5-1 plan; small acquisition relative to very large insider stake, neutral near-term market impact.

The Form 4 shows a 10b5-1 plan execution acquiring 8,411 shares at a weighted-average price of $0.823 on 08/12/2025. That purchase is immaterial in size versus the reporting person’s direct stake of 15,589,265 shares, so it is unlikely to change market perceptions of control or ownership. The filing also discloses 831,600 indirectly held shares with specified voting/investment control and notes 500,000 shares held with investment power as trustee. From a securities perspective, the 10b5-1 confirmation increases transparency around timing and intent of the trade.

Corporate Governance Expert

TL;DR: High insider ownership retained; transaction executed under pre-established plan, supporting governance transparency.

The report confirms that the company’s chief executive is also a major shareholder and director, retaining a direct beneficial position of 15,589,265 shares plus 831,600 indirect. The disclosure that a portion of shares is subject to trustee investment power and a voting agreement clarifies control arrangements. The use of a Rule 10b5-1 plan (adopted 08/22/2024) for the reported trade aligns with best practices for avoiding opportunistic insider trading and enhances governance transparency. No indications of abrupt leadership or control changes are present in the filing.

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)
08/12/2025

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	08/12/2025		P		8,411	A	$0.823(1)	15,589,265	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	08/13/2025
	** 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 RVP Form 4?

He reported acquiring 8,411 shares of Retractable Technologies common stock on 08/12/2025 at a weighted-average price of $0.823 under a Rule 10b5-1 plan.

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

The filing shows 15,589,265 shares held directly following the reported transaction, plus 831,600 shares of indirect beneficial ownership.

Was the trade executed under a 10b5-1 plan for RVP insider Thomas Shaw?

Yes. The Form 4 indicates the transaction was made pursuant to a Rule 10b5-1 plan, which was adopted on 08/22/2024.

What is the nature of the indirect beneficial ownership disclosed by Thomas J. Shaw?

The filing states 831,600 indirect shares with the nature described as voting or investment control, and that he has investment power over 500,000 shares as trustee for a family member.

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

He is listed as President & CEO, a Director, and a 10% owner of the company.