RVP Schedule 13D/A: Shaw Reports 55% Beneficial Ownership

Rhea-AI Filing Summary

Retractable Technologies, Inc. (RVP) Schedule 13D/A shows that Thomas J. Shaw beneficially owns 16,476,925 shares, representing 55.0% of the common stock. Mr. Shaw reports sole voting power for 15,976,925 shares and sole dispositive power for 16,145,325 shares. He established a written Rule 10b5-1 trading plan on August 22, 2024; the filing states trading began November 20, 2025 and may continue through November 19, 2025. The amendment lists numerous open-market purchases executed by his broker in the last 60 days with weighted-average prices per share for each trade. Two trusts’ beneficiaries have rights to dividends or sale proceeds on 331,600 and 500,000 shares respectively.

Positive

• Majority beneficial ownership (55.0%) by a single reporting person, indicating clear control of voting outcomes
• Documented 10b5-1 trading plan with specific trade dates and weighted-average prices, showing planned and systematic purchases
• Detailed recent purchase history reported (dates and weighted-average per-share prices) enhancing transparency

Negative

• Concentrated ownership (55.0%) raises governance concentration risk and may limit minority shareholder influence
• Beneficial interests of two trusts over 331,600 and 500,000 shares indicate portions of economic interest are subject to third-party beneficiary rights
• Filing contains an apparent date inconsistency regarding the 10b5-1 plan trading start and end dates (began Nov 20, 2025 and may continue through Nov 19, 2025)

Insights

Financial Analyst

TL;DR: A single insider holds a majority stake (55%), a material ownership position that can affect control and liquidity.

Mr. Shaw's reported 55.0% beneficial ownership is a material change for investors because majority holdings can determine board influence, strategic direction, and corporate actions. The filing documents systematic purchases under a 10b5-1 plan with specific trade dates and weighted-average prices, indicating deliberate accumulation rather than one-off buys. The sole voting and dispositive power numbers are nearly aligned with total beneficial ownership, signaling consolidated control. The limited disclosure here does not state any planned governance actions or transactions beyond the trading plan.

Corporate Governance Expert

TL;DR: Majority insider ownership creates governance concentration and potential for decisive insider-led outcomes.

With 55.0% beneficial ownership and nearly equivalent sole voting power, the reporting person effectively controls shareholder votes, which has clear governance implications. The filing notes two trusts whose beneficiaries have rights to dividends or sale proceeds on 831,600 shares combined; that detail modestly reduces absolute unilateral economic retention but does not materially change voting control as reported. The existence of a documented 10b5-1 plan provides procedural protection for purchases but does not address intent regarding board composition or strategic changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

Retractable Technologies, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

76129W105

(CUSIP Number)

John W. Fort III
511 Lobo Lane,
Little Elm, TX, 75068
972-294-1010

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/19/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 76129W105

1

Name of reporting person

Thomas J. Shaw

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 15,976,925.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 16,145,325.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

16,476,925.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

55.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Retractable Technologies, Inc.
(c)	Address of Issuer's Principal Executive Offices: 511 Lobo Lane, Little Elm, TEXAS , 75068-0009.
Item 4.	Purpose of Transaction
	As reported in other public filings for the Reporting Person and Issuer, the Reporting Person entered into a written plan for the purchase of Retractable Technologies, Inc. common stock intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) on August 22, 2024. In accordance with the plan, trading began November 20, 2025 and may continue through November 19, 2025 if not earlier terminated.
Item 5.	Interest in Securities of the Issuer
(a)	16,476,925 (55.0%)
(b)	Sole power to vote 15,976,925 shares and sole power to dispose 16,145,325 shares
(c)	All of the following open market common stock purchases were made by Mr. Shaw's broker pursuant to his 10b5-1 Plan and reported on Form 4 in the last 60 days. All prices are expressed as weighted average per share prices: 06/30/25 - 1,347 shares at $0.6221; 07/01/25 - 8,574 shares at $0.628; 07/11/25 - 8,536 shares at $0.653; 07/21/25 - 5,000 shares at $0.66; 07/30/25 - 27,288 shares at $0.7358; 07/31/25 - 5,339 shares at $0.7147; 08/01/25 - 1,575 shares at $0.703; 08/04/25 - 30,881 shares at $0.7157; 08/07/25 - 49,541 shares at $0.74; 08/11/25 - 2,100 shares at $0.8118; 08/12/25 - 8,411 shares at $0.823; 08/13/25 - 3,983 shares at $0.8015; 08/14/25 - 3,103 shares at $0.7875; 8/15/25 - 10,980 shares at $0.7948; 08/18/25 - 32,935 shares at $0.795; 08/19/25 - 9,042 shares at $0.7963.
(d)	The beneficiaries of two trusts have the right to receive dividends from, or the proceeds from the sale of, the following number of shares of common stock beneficially owned by Mr. Shaw: (i) 331,600 shares; and (ii) 500,000 shares.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Thomas J. Shaw

Signature:	/s/ Thomas J. Shaw
Name/Title:	Thomas J. Shaw
Date:	08/29/2025

FAQ

How many shares of Retractable Technologies (RVP) does Thomas J. Shaw beneficially own?

The filing reports 16,476,925 shares, representing 55.0% of the common stock.

What voting and dispositive powers does Mr. Shaw hold in RVP?

Mr. Shaw reports sole voting power over 15,976,925 shares and sole dispositive power over 16,145,325 shares.

Did Mr. Shaw use a 10b5-1 plan to buy RVP shares?

Yes. The filing states he entered a written 10b5-1 plan on August 22, 2024 and lists purchases executed under that plan.

What recent purchases were reported for Mr. Shaw under the 10b5-1 plan?

The amendment lists multiple open-market purchases in the last 60 days with specific dates and weighted-average prices per share (examples include purchases on 08/07/25: 49,541 shares at $0.74 and 08/18/25: 32,935 shares at $0.795).

Do any trusts have rights related to Mr. Shaw’s shares?

Yes. Beneficiaries of two trusts have rights to dividends or sale proceeds on 331,600 and 500,000 of the shares beneficially owned by Mr. Shaw.