Shaw, CEO of Retractable Technologies, buys $4416 in shares

Thomas Shaw, the President and CEO of Retractable Technologies (NASDAQ:RVP), acquired 5,500 shares of common stock on September 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $0.803, totaling $4416. The purchase comes as the $24.1 million market cap company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 7.01.

Following the transaction, Shaw directly owns 15,650,825 shares of Retractable Technologies. Shaw also indirectly owns 831,600 shares through voting or investment control. According to InvestingPro analysis, RVP currently trades below its Fair Value, with additional insights available about the company’s financial health and growth prospects. Discover more exclusive insights and financial metrics with an InvestingPro subscription.

In other recent news, Retractable Technologies, Inc. has announced a significant reduction in its workforce by 12.4%, primarily impacting manufacturing and support roles. This move is expected to save the company approximately $1.6 million in annual wages and benefits, though it will incur one-time separation payments of about $56,000. Additionally, 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, prompting the resignation of Moss Adams. Consequently, the Audit Committee approved Baker Tilly as the new auditor. The audit reports from Moss Adams for the relevant fiscal years did not contain any adverse opinions or disagreements on key accounting matters. These developments come amid ongoing tariff pressures affecting the company.

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