Retractable Technologies CEO Increases Stake to 15.65M Shares After Purchase

Rhea-AI Filing Summary

Retractable Technologies reported an insider acquisition by its President and CEO, Thomas J. Shaw. Under a Rule 10b5-1 plan adopted August 22, 2024, 3,000 shares of common stock were purchased on 09/03/2025 at a weighted-average price of $0.782 per share. After the transaction Mr. Shaw beneficially owns 15,653,825 shares directly and has indirect investment power over 831,600 shares as trustee for a family member; he retains voting control over the remaining indirectly held shares via a voting agreement. The Form 4 was signed by an attorney-in-fact on 09/04/2025.

Positive

• Insider purchase under a Rule 10b5-1 plan indicates pre-planned, compliant trading
• CEO increased direct ownership to 15,653,825 shares after the acquisition
• Clear disclosure of indirect holdings (831,600 shares as trustee) and voting arrangements

Negative

• None.

Insights

Securities Analyst

TL;DR: A routine insider purchase under a 10b5-1 plan modestly increases the CEO's direct stake; not materially dilutive.

This Form 4 discloses a small open-market acquisition of 3,000 shares at $0.782 under a pre-established Rule 10b5-1 plan. The purchase size is minor relative to total outstanding shares implied by the CEO's large holding of 15.65 million shares, so the trade is unlikely to meaningfully change ownership percentages or corporate control dynamics. Disclosure of trustee-held shares clarifies reporting of indirect ownership and voting arrangements.

Corporate Governance Expert

TL;DR: Insider transaction is transparent and executed under a documented 10b5-1 plan, reducing timing concerns about selective trading.

The filing indicates the transaction followed a documented plan adopted on August 22, 2024, which supports the affirmative defense under Rule 10b5-1 and helps mitigate concerns about opportunistic insider trading. The report also discloses that 831,600 shares are subject to the reporting persons investment power as trustee for a family member and that voting control over other shares is governed by a voting agreement, which is appropriate governance disclosure for investor clarity.

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)
09/03/2025

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	09/03/2025		P		3,000	A	$0.782(1)	15,653,825	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	09/04/2025
	** 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

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

He reported a purchase of 3,000 common shares on 09/03/2025 at a weighted-average price of $0.782 per share.

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

Yes. The filing states the trade was made pursuant to a Rule 10b5-1 plan adopted on August 22, 2024.

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

Following the transaction he directly beneficially owns 15,653,825 shares and has indirect investment power over 831,600 shares.

What is the reporting persons relationship to Retractable Technologies (RVP)?

The Form 4 lists Thomas J. Shaw as a Director, a 10% owner, and the companys President and CEO.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by D. Valerie Thomas, Attorney-in-Fact and dated 09/04/2025.