Retractable Technologies (RVP) CEO Purchases 2,500 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Thomas J. Shaw, President, CEO and >10% owner of Retractable Technologies, Inc. (RVP), reported an insider purchase under a Rule 10b5-1 plan. On 09/23/2025 Mr. Shaw purchased 2,500 shares of RVP common stock at a weighted-average price of $0.815 per share. After the transaction he directly beneficially owned 15,656,325 shares and indirectly owned 831,600 shares (the indirect holdings include >500,000 shares held in trust for a family member where he has investment power and voting control over the remainder via a voting agreement). The Form 4 was signed by an attorney-in-fact on 09/24/2025 and notes the 10b5-1 plan adoption date of August 22, 2024.

Positive

• Insider purchase under a 10b5-1 plan demonstrates compliance with pre-scheduled trading rules and governance best practices.
• Substantial insider ownership: Mr. Shaw directly beneficially owns 15,656,325 shares, aligning executive and shareholder interests.
• Transparent disclosure of indirect holdings including trust arrangements and voting agreement clarifies control.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Insider purchase by CEO under a pre-established 10b5-1 plan shows routine ownership maintenance, not a large directional bet.

The reported acquisition of 2,500 shares at $0.815 under a Rule 10b5-1 plan suggests the transaction was pre-scheduled and consistent with governance best practices for avoiding trading on nonpublic information. The CEO's substantial direct ownership (15.66 million shares) and indirect holdings indicate concentrated insider alignment with shareholders. The disclosed trust and voting agreement clarify control relationships and reduce ambiguity about beneficial ownership.

Securities Analyst

TL;DR: Small voluntary purchase by a major insider; immaterial to capitalization but confirms ongoing insider exposure.

The 2,500-share purchase represents a negligible change relative to the CEO's total direct stake of 15.66 million shares, so the trade is unlikely to meaningfully affect market perception or valuation. The transaction price of $0.815 is provided as a weighted average, and the Form 4 states the trade was executed under a 10b5-1 plan adopted August 22, 2024, indicating a scheduled trade rather than opportunistic timing.

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).

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)
09/23/2025

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	09/23/2025		P		2,500	A	$0.815(1)	15,656,325	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	09/24/2025
	** 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 did RVP insider Thomas J. Shaw report on Form 4?

The Form 4 reports Mr. Shaw purchased 2,500 shares of RVP common stock on 09/23/2025 at a weighted-average price of $0.815 per share.

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

After the transaction Mr. Shaw directly beneficially owns 15,656,325 shares and indirectly owns 831,600 shares.

Was the insider trade part of a Rule 10b5-1 plan?

Yes. The Form 4 states the trade was executed under a Rule 10b5-1 plan adopted on August 22, 2024.

What is the nature of the indirect holdings disclosed?

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

Who signed the Form 4 filing?

The Form 4 was signed by D. Valerie Thomas, Attorney-in-Fact on 09/24/2025.