Retractable Technologies CEO Shaw Thomas J buys 3983 shares at $0.8/share on 2025-08-13.

Retractable Technologies Inc.[RVP] recently announced that Shaw Thomas J, Director, 10% Owner, President and CEO, has made a significant investment in the company by purchasing 3983 shares at $0.8 per share on August 13, 2025. This acquisition demonstrates Shaw's confidence in the company's future prospects and highlights his commitment to its success.

Retractable Technologies Inc. (NYSE: RVP) President and CEO Shaw Thomas J. has demonstrated his confidence in the company's future by purchasing 3,983 shares of the company’s common stock on August 13, 2025. The shares were bought at a price of $0.8015 per share, totaling a transaction value of $3,192. This acquisition underscores Shaw's commitment to the company and its prospects.

The purchase comes as the stock has shown strong momentum, gaining nearly 7% in the past week. According to InvestingPro analysis, RVP appears undervalued at its current market cap of $24.1 million [1]. Following the transaction, Shaw directly owns 15,593,248 shares of Retractable Technologies Inc. He also indirectly owns 831,600 shares through voting or investment control.

In addition to the share purchase, 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