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Shaw, president of Retractable Technologies, buys $26k in RVP

Published 19/08/2025, 16:54
Shaw, president of Retractable Technologies, buys $26k in RVP
RVP
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Thomas Shaw, President and CEO of Retractable Technologies Inc (NYSE:RVP), acquired 32935 shares of common stock on August 18, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The insider purchase comes just days before the company’s August 21 earnings announcement, with the stock currently trading at $0.80. According to InvestingPro analysis, RVP appears undervalued at its current market capitalization of $23.8 million.

The shares were purchased at a weighted average price of $0.795, totaling approximately $26183. Following the transaction, Shaw directly owns 15636283 shares of Retractable Technologies Inc. Shaw also indirectly owns 831600 shares through voting or investment control. InvestingPro data reveals the company maintains a strong balance sheet with more cash than debt, and has shown robust price performance over the last month. Discover 6 additional exclusive insights about RVP with an InvestingPro subscription.

In other recent news, Retractable Technologies, Inc. has announced a workforce reduction, cutting approximately 12.4% of its employees, mainly in manufacturing and support roles. This move is projected to save the company around $1.6 million annually in wages and benefits, though it will incur a one-time cost of $56,000 in separation payments. Additionally, the company 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 Retractable Technologies to appoint Baker Tilly as its new auditor. The audit reports from Moss Adams for the fiscal years ending December 31, 2023, and 2024, were free from adverse opinions or disclaimers. There were no disagreements between Retractable Technologies and Moss Adams regarding accounting principles or auditing procedures during this period. These developments are part of the company’s recent activities.

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