HAS Form 144: 1,002 Restricted Shares Proposed Sale via Morgan Stanley

Rhea-AI Filing Summary

Hasbro, Inc. (HAS) Form 144 notice reports a proposed sale of 1,002 common shares through Morgan Stanley Smith Barney on NASDAQ, with an aggregate market value of $79,971.02 and 140,232,540 shares outstanding. The shares were acquired by the reporting person as restricted stock that vested under a registered plan: 964 shares vested on 05/17/2025 and 38 shares vested on 03/12/2025. No securities were reported sold by the person in the past three months. The filing includes the seller's representation that they possess no undisclosed material adverse information about the issuer.

Positive

• Timely disclosure of proposed sale via Form 144 through a named broker (Morgan Stanley Smith Barney LLC).
• Securities originate from restricted stock vesting under a registered plan, indicating compensation-related disposition rather than unsolicited transfer.
• No securities sold in the past three months by the reporting person, as stated in the filing.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider plans to sell 1,002 vested shares worth ~$80k; represents a very small portion of Hasbro's share base.

The Form 144 shows a proposed market sale through Morgan Stanley of 1,002 common shares with an aggregate value of $79,971.02. Acquisition details indicate the shares arose from restricted stock vesting on 03/12/2025 and 05/17/2025 under a registered plan. The filer reports no sales in the prior three months and affirms no undisclosed material information. For investors, the transaction appears routine and tied to vesting rather than an open-market disposition triggered by other events.

Corporate Governance Expert

TL;DR: Filing complies with Rule 144 disclosure; timing aligns with vesting of restricted awards.

The notice documents compliance with Rule 144 procedures: identification of broker, number of shares, acquisition dates, and basis of acquisition (restricted stock vesting). The absence of prior sales in the last three months and the seller's certification about material information are consistent with standard insider reporting practices. The disclosure enables market transparency about an insider liquidity event.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1002	79971.02	140232540	08/14/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/17/2025	Restricted stock vesting under a registered plan	Issuer			964	05/17/2025	Not Applicable
Common	03/12/2025	Restricted stock vesting under a registered plan	Issuer			38	03/12/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Hasbro's (HAS) Form 144 report?

It reports a proposed sale of 1,002 common shares by the reporting person through Morgan Stanley, with an aggregate market value of $79,971.02.

When were the shares being sold acquired?

964 shares vested on 05/17/2025 and 38 shares vested on 03/12/2025, both acquired as restricted stock under a registered plan.

On which exchange is the sale expected to occur?

The filing lists NASDAQ as the securities exchange for the proposed sale, scheduled approximately 08/14/2025.

Has the reporting person sold other Hasbro securities recently?

No; the filing states "Nothing to Report" for securities sold during the past three months.

Who is handling the sale of the shares?

Morgan Stanley Smith Barney LLC Executive Financial Services (1 New York Plaza, 8th Floor, New York, NY) is named as the broker.