Thomas Shaw (RVP) Acquires 2,100 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Thomas J. Shaw, President & CEO, Director and 10% owner of Retractable Technologies (RVP), reported an acquisition of 2,100 common shares on 08/11/2025 under a Rule 10b5-1 plan at a weighted average price of $0.8118. After this transaction he beneficially owns 15,580,854 shares directly and 831,600 shares indirectly. The filing explains the indirect holdings include investment power over 500,000 shares as Trustee and voting control over the remainder pursuant to a voting agreement. The Rule 10b5-1 plan was adopted on August 22, 2024.

Positive

• Purchase executed under a Rule 10b5-1 plan, indicating a prearranged trade schedule
• Substantial direct ownership retained: 15,580,854 shares directly beneficially owned

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchased a small number of shares under a pre-planned 10b5-1 program; change is immaterial to ownership percentage.

The reported acquisition of 2,100 shares at a weighted average price of $0.8118 increases Thomas Shaw's direct stake marginally versus his existing 15,580,854 shares. The transaction is coded as P, consistent with purchases under a Rule 10b5-1 plan adopted on August 22, 2024, indicating it was prearranged. From a capital-markets perspective, the trade size relative to total reported holdings is small and unlikely to move market perceptions or ownership thresholds.

Corporate Governance Expert

TL;DR: Use of a 10b5-1 plan and a voting agreement are governance-relevant but this specific purchase is not a material governance shift.

The Form 4 discloses both direct and indirect beneficial ownership and notes voting arrangements and trustee investment power over 500,000 shares. These disclosures clarify control and voting relationships: Shaw retains substantial direct ownership (15,580,854 shares) while delegating investment power for a limited block. The presence of a 10b5-1 plan provides an automated execution framework for transactions, reducing questions about timing or opportunistic trading for this trade.

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)
08/11/2025

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	08/11/2025		P		2,100	A	$0.8118(1)	15,580,854	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	08/12/2025
	** 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?

Purchased 2,100 common shares on 08/11/2025 at a weighted average price of $0.8118 under a Rule 10b5-1 plan.

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

15,580,854 shares directly and 831,600 shares indirectly following the reported transaction.

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

Yes. The Form 4 notes the transaction was pursuant to a Rule 10b5-1 plan adopted on August 22, 2024.

What is the nature of Shaw's indirect ownership?

Investment power over 500,000 shares as Trustee and voting control over the remainder pursuant to a voting agreement.

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

President & CEO, Director, and 10% owner as indicated on the Form 4.

Who signed the Form 4 on behalf of the reporting person?

D. Valerie Thomas, Attorney-in-Fact signed the Form 4 as indicated in the filing.