Retractable Technologies CEO Shaw Thomas J Buys 13,983 Shares at $0.79/Share.

Retractable Technologies, Inc. [RVP] announced that Director, 10% Owner, President and CEO Shaw Thomas J has acquired 3,103 shares at $0.79 per share on August 14, 2025, and an additional 10,980 shares at $0.79 per share on August 15, 2025.

Retractable Technologies Inc. [RVP], a prominent player in the retractable technology sector, recently announced that its President and CEO, Shaw Thomas J., has made significant investments in the company by purchasing 3,103 shares at $0.79 per share on August 14, 2025, and an additional 10,980 shares at $0.79 per share on August 15, 2025. This acquisition underscores Shaw's confidence in the company's future prospects and highlights his commitment to its success [1].

Shaw's recent purchases bring his direct ownership to 15,580,854 shares, with additional indirect ownership over 831,600 shares, where he has voting control over a significant portion. The total transaction value for the two purchases amounts to $22,083.23. This latest acquisition follows a series of strong performances by the stock, which has shown robust momentum, gaining nearly 7% in the past week [2].

In addition to Shaw's share purchases, Retractable Technologies Inc. has recently announced a workforce reduction of approximately 12.4%, primarily impacting manufacturing and support positions. The company anticipates this move will save around $1.6 million annually in wages and benefits, which accounts for about 8.6% of its estimated total workforce costs. However, these savings will be partially offset by one-time separation payments totaling approximately $56,000 to the affected employees [1, 2, 3].

Moreover, Retractable Technologies has appointed a new independent registered public accounting firm following a merger involving its previous auditor. Moss Adams LLP, the former auditor, merged with Baker Tilly US, LLP, leading to Moss Adams’ resignation. The Audit Committee of Retractable Technologies’ Board of Directors has approved Baker Tilly as the new auditor. The audit reports provided by Moss Adams for the relevant fiscal years did not contain any adverse opinions or disclaimers [1, 2, 3].

These recent developments highlight significant operational and administrative changes within the company. Shaw's investment in the company's shares indicates a positive outlook, as he directly owns a substantial portion of the company and has voting control over additional shares.

References:
[1] https://www.investing.com/news/insider-trading-news/shaw-thomas-j-president-of-retractable-buys-rvp-shares-for-3192-93CH-4193088
[2] https://www.investing.com/news/insider-trading-news/shaw-president-and-ceo-buys-retractable-technologies-rvp-shares-93CH-4189199
[3] https://www.investing.com/news/insider-trading-news/shaw-president-and-ceo-buys-retractable-technologies-shares-93CH-4185720