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Thomas J. Shaw, the President and CEO of Retractable Technologies Inc . (NYSE:RVP), recently increased his stake in the company by purchasing shares valued at $42,658. The transactions occurred over two days, with Shaw acquiring 30,000 shares on February 18 at an average price of $0.7849 per share and an additional 23,845 shares on February 19 at an average price of $0.8015 per share. The purchases come as the stock has shown strong momentum, with a 17.1% gain year-to-date, according to InvestingPro data. Following these transactions, Shaw directly owns a total of 15,118,249 shares of Retractable Technologies.
Additionally, Shaw maintains indirect control over 831,600 shares, of which 500,000 are held in trust for a family member, with Shaw retaining voting rights over the remainder through a voting agreement. The transactions were executed under a Rule 10b5-1 plan, which was adopted on August 22, 2024.
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