Thomas J. Shaw - May 6, 2024 Form 4 Insider Report for RETRACTABLE TECHNOLOGIES INC (RVP)

Signature
Thomas J. Shaw
Stock symbol
RVP
Transactions as of
May 6, 2024
Transactions value $
$4,622
Form type
4
Date filed
5/7/2024, 10:12 AM
Previous filing
Apr 29, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVP Common Stock Purchase $4.62K +4.24K +0.03% $1.09 14.4M May 6, 2024 Direct
holding RVP Common Stock 932K May 6, 2024 Voting or Investment Control F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Mr. Shaw has investment power over 500,000 shares as Trustee for the benefit of a family member. Mr. Shaw has voting control over the remainder of the shares pursuant to a voting agreement.

Remarks:

The Rule 10b5-1 Plan's date of adoption was August 22, 2023.