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Thomas J. Shaw, the President and CEO of Retractable Technologies Inc . (NYSE:RVP), recently acquired additional shares of the company, according to a recent SEC filing. On May 9, 2025, Shaw purchased 3,000 shares of common stock at a weighted average price of $0.7485 per share, amounting to a total transaction value of $2,245. The purchase comes as RVP’s stock trades near $0.77, with the company showing a positive YTD return of 9% despite challenging market conditions. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. Following this acquisition, Shaw’s direct ownership in the company increased to 15,264,367 shares.
In addition to his direct holdings, Shaw also has indirect control over 831,600 shares. Of these, he has investment power over 500,000 shares as a trustee for a family member, with the remaining shares under his voting control through a voting agreement.
This transaction was conducted under a Rule 10b5-1 trading plan, which was adopted on August 22, 2024.
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