Braden M. Leonard - 28 Nov 2022 Form 4 Insider Report for RETRACTABLE TECHNOLOGIES INC (RVP)

Role: 10%+ Owner
Signature: Braden Michael Leonard
Issuer symbol: RVP
Transactions as of: 28 Nov 2022
Transactions value $: -$505,524
Form type: 4
Date filed: 30 Nov 2022, 19:14
Previous filing: 25 Nov 2022
Next filing: 02 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RVP	Common Stock	Sale	-$5.52K	-2.4K	-0.06%	$2.30	3.92M	28 Nov 2022	Holding of BML Investment Partners, L.P.	F1, F2
transaction	RVP	Common Stock	Sale	-$500K	-250K	-6.35%	$2.00	3.69M	29 Nov 2022	Holding of BML Investment Partners, L.P.	F1
holding	RVP	Common Stock						388K	28 Nov 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	RVP	Put Option (obligation to buy)						0	28 Nov 2022	Common Stock	0	$5.00	Holding of BML Investment Partners, L.P.	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F2	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.30 to $2.31. Full information regarding the number of shares purchased at each separate price can be furnished to the SEC staff upon request.
F3	The Fund wrote American-Style put option contracts expiring in January 2023 (the "Put Options") which provide that the Fund will be required to purchase shares of Common Stock at the stated strike price if the counterparty exercises such option. The fund was assigned 144,100 shares and covered the remaining Put Options.