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

Role
10%+ Owner
Signature
Braden Michael Leonard
Stock symbol
RVP
Transactions as of
Nov 28, 2022
Transactions value $
-$505,524
Form type
4
Date filed
11/30/2022, 07:14 PM
Previous filing
Nov 25, 2022
Next filing
Dec 2, 2022

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 Nov 28, 2022 Holding of BML Investment Partners, L.P. F1, F2
transaction RVP Common Stock Sale -$500K -250K -6.35% $2.00 3.69M Nov 29, 2022 Holding of BML Investment Partners, L.P. F1
holding RVP Common Stock 388K Nov 28, 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 Nov 28, 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.