Form 4: RVP CEO Thomas Shaw Buys Company Stock
Insider Transaction Report
Retractable Technologies Inc. CEO Thomas J. Shaw acquired 100 shares of common stock at $0.8111 per share, executed under a 10b5-1 plan.
Summary
- Thomas J. Shaw, President and CEO, Director, and 10% Owner of Retractable Technologies Inc. (RVP), acquired 100 shares of common stock.
- The transaction occurred on November 11, 2025, at a weighted average price of $0.8111 per share.
- This purchase was made pursuant to a Rule 10b5-1 plan adopted on August 22, 2024.
- Following this transaction, Mr. Shaw directly beneficially owns 15,825,491 shares of common stock.
- Additionally, Mr. Shaw indirectly beneficially owns 831,600 shares, with investment power over 500,000 shares as Trustee for a family member and voting control over the remainder via a voting agreement.
Sentiment
Score: 6
Explanation: The purchase of shares by a CEO, even a small amount, generally indicates a degree of confidence in the company's future. The use of a 10b5-1 plan suggests a pre-planned, rather than opportunistic, transaction. However, the very small volume of shares acquired limits the strength of this positive signal.
Positives
- The CEO, Thomas J. Shaw, purchased shares of the company's common stock, which can signal confidence in the company's future prospects.
- The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned purchase rather than a reaction to immediate market events.
Negatives
- The number of shares acquired (100 shares) is very small relative to Mr. Shaw's existing holdings and the company's overall outstanding shares, limiting the signal of strong conviction.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This insider transaction filing is specific to Retractable Technologies Inc. and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Adoption | The transaction was conducted under a Rule 10b5-1 plan, adopted on August 22, 2024, which is a pre-arranged trading plan designed to comply with insider trading laws and mitigate accusations of trading on material non-public information. | 08/22/2024 | Enhances transparency and provides an affirmative defense against insider trading allegations for pre-planned transactions. |
Related Party Transactions
- Mr. Shaw indirectly holds 831,600 shares, including 500,000 shares over which he has investment power as Trustee for the benefit of a family member. He also has voting control over the remainder of the indirectly held shares pursuant to a voting agreement.
Stakeholder Impact
- Shareholders: A minor positive signal due to insider buying, potentially indicating management's confidence in the company's value, though the small transaction size limits its significance.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of adoption of the Rule 10b5-1 Plan |
| 11/11/2025 | Transaction Date for common stock acquisition |
| 11/13/2025 | Signature Date of the reporting person |
Keywords
RVP, Retractable Technologies, insider trading, Form 4, stock purchase, CEO, Thomas Shaw, 10b5-1 plan
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