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On 21 Jul 2025 Retractable Technologies (RVP) President, CEO, Director and 10% owner Thomas J. Shaw filed a Form 4 disclosing an open-market purchase of 5,000 common shares at $0.66. The transaction adds a marginal 0.03% to his already substantial direct stake, bringing it to 15,464,130 shares. Shaw also maintains indirect control over 831,600 shares鈥�500,000 held as trustee for a family member and the remainder through a voting agreement.

The buy occurred under a Rule 10b5-1 plan adopted 22 Aug 2024. No derivative securities were reported. While the dollar value is small, insider purchases鈥攅specially by a CEO with significant ownership鈥攃an be interpreted as a vote of confidence at current price levels. However, the pre-arranged nature of the plan and the modest size limit its market impact.

Toronto-Dominion Bank (TD) is offering Capped Leveraged Buffered Notes (Series H) linked to the S&P 500庐 Index (SPX) maturing 19 July 2027. Each $1,000 Note:

• Upside participation: 200% of any positive Index return, capped at a Maximum Redemption Amount of $1,233 (23.3% gross return).
• Downside protection: A 10% buffer shields investors if the Index falls 鈮�10% from the 6,268.56 Initial Level. Falls >10% incur a 1-for-1 loss, exposing up to 90% of principal.
• No coupons: Investors receive only the redemption payment at maturity.
• Credit exposure: Notes are TD鈥檚 senior unsecured debt; repayment depends on TD鈥檚 creditworthiness and are not CDIC/FDIC insured.
• Pricing details: Public offering price $1,000; estimated fair value on pricing date $967.50鈥�$997.50, reflecting structuring and hedging costs. No underwriting discount, though TD Securities (USA) LLC (TDS) receives selling-related fees and expense reimbursements.
• Key dates: Strike & Valuation Dates 14 July 2025 & 14 July 2027; Issue Date 18 July 2025; T+3 initial settlement.
• Liquidity: Unlisted; any secondary market will be solely at the discretion of TDS or affiliates and is likely to trade below issue price.
• Tax considerations: TD and holders will treat the Notes as prepaid derivative contracts for U.S. tax purposes; treatment is not certain. Section 871(m) dividend-equivalent withholding not expected but could change.

Risk highlights

• Principal at risk: 1% loss for every 1% Index decline beyond the 10% buffer, up to a 90% loss.
• Return cap: Investors forgo any Index appreciation beyond 11.65% (because 11.65% 脳 200% = 23.3% cap).
• Secondary-market discount: Estimated value already below issue price; bid/ask spreads, hedging unwind and dealer mark-ups could widen that discount.
• Conflict of interest: TDS acts as both agent and affiliate issuer; TD鈥檚 hedging and trading in SPX constituents may impact Note value.

The Notes suit investors who expect moderate (鈮�11.65%) S&P 500 gains over two years and who can tolerate significant downside and liquidity risk in exchange for 2-to-1 upside leverage within a capped range.

Retractable Technologies, Inc. (RVP) 鈥� Form 4 insider transaction

President, CEO, Director and 10% owner Thomas J. Shaw reported an open-market purchase (Transaction Code 鈥淧鈥�) of the company鈥檚 common stock on July 1 2025. The filing, submitted on July 3 2025, discloses:

• Shares acquired: 8,574
• Weighted-average price: $0.628 per share (note 1)
• Direct ownership after transaction: 15,450,594 shares
• Indirect ownership: 831,600 shares (500,000 held as trustee; remainder under a voting agreement 鈥� note 2)
• Total beneficial ownership: roughly 16.28 million shares

The purchase was executed under a previously adopted Rule 10b5-1 trading plan dated August 22 2024. The additional shares increase Shaw鈥檚 direct stake by approximately 0.06%, indicating a marginal change in his economic exposure but demonstrating continued insider participation.

Because the transaction volume is small relative to Shaw鈥檚 existing holdings and the company鈥檚 total float, the filing is viewed as informational rather than materially transformative for RVP鈥檚 investment thesis. No derivative security activity or sales were reported.

Retractable Technologies, Inc. (RVP) 鈥� Form 4 insider transaction

President, CEO, Director and 10% owner Thomas J. Shaw reported an open-market purchase (transaction code P) of company common stock on 30 June 2025. Shaw acquired 1,347 shares at a weighted-average price of $0.6221 per share pursuant to a Rule 10b5-1 trading plan adopted on 22 Aug 2024.

• Direct ownership after the trade: 15,442,020 shares
• Indirect ownership (trust & voting agreement): 831,600 shares
• Total reported beneficial ownership (direct + indirect): 16,273,620 shares

No derivative securities were reported in Table II. The filing indicates Shaw remains a key insider (Director, CEO, 10% holder) and the form was signed on 1 July 2025.