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Retractable Technologies CEO Shaw Thomas J buys 8411 shares at $0.82 on Aug 12.
ByAinvest
Wednesday, Aug 13, 2025 12:21 pm ET1min read
Retractable Technologies Inc. [RVP] has announced that Director, 10% Owner, President and CEO Shaw Thomas J has acquired 8,411 shares at a price of $0.82 per share on August 12, 2025.
Retractable Technologies Inc. (NYSE: RVP), a company specializing in retractable technology, has seen its CEO, Thomas J. Shaw, make a significant investment in the company. On August 12, 2025, Shaw acquired 8,411 shares of common stock at a price of $0.823 per share [1]. This purchase comes at a time when the stock has shown strong momentum, gaining nearly 10% in the past week [1].The total value of the transaction amounted to $6,922. Following this purchase, Shaw directly owns 15,589,265 shares of Retractable Technologies Inc., with an additional 831,600 shares over which he has voting or investment control [1]. The company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 6.7, indicating robust liquidity [1].
Shaw's recent acquisition is part of a broader trend of insider buying, which often signals confidence in the company's future prospects. However, it is essential to consider the broader market context and the company's recent workforce reduction. Retractable Technologies Inc. announced a significant workforce reduction of approximately 12.4%, primarily impacting manufacturing and support roles [1]. This move is expected to save the company around $1.6 million in annual wages and benefits, although it will incur one-time separation payments of about $56,000 [1].
Additionally, the company has made a change in its independent registered public accounting firm. 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 independent registered public accounting firm [1]. The audit reports from Moss Adams for the relevant fiscal years did not contain any adverse opinions or disclaimers [1].
References:
[1] https://www.investing.com/news/insider-trading-news/shaw-president-and-ceo-buys-retractable-technologies-rvp-shares-93CH-4189199
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