HAS Form 144 Filed for 8,557 Shares from Restricted Stock Vesting
Rhea-AI Filing Summary
Form 144 notice for Hasbro, Inc. (HAS) reports a proposed sale of 8,557 shares of common stock through Morgan Stanley Smith Barney LLC on 08/27/2025 on NASDAQ, with an aggregate market value of $696,882.08. The shares were acquired on 05/17/2024 as restricted stock vesting under a registered plan from the issuer. The filing states there were 140,232,540 shares outstanding. No securities were reported sold by the same person in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Filer provided clear transaction details, including number of shares, acquisition date, and broker information
- Sale arises from restricted stock vesting under a registered plan, indicating compliance with grant and registration procedures
Negative
- No named individual disclosed in the provided content identifying the person for whose account the sale will occur
- Filing does not state the specific price per share used to calculate the aggregate market value within the document
Insights
TL;DR: Proposed sale is small relative to outstanding shares and arises from restricted stock vesting; appears routine and disclosure-compliant.
The filing documents a proposed sale of 8,557 common shares valued at $696,882.08 to be executed via Morgan Stanley Smith Barney LLC on NASDAQ. The acquisition is described as restricted stock vesting under a registered plan on 05/17/2024, indicating the securities became eligible for sale through Rule 144 procedures. Given the outstanding share count of 140,232,540, the offered amount represents a de minimis fraction of the company’s equity, suggesting limited market impact. The filing also confirms no sales in the prior three months for the reporting person, consistent with routine compliance activity.
TL;DR: The notice documents a compliance-driven sale of vested restricted stock; disclosure and broker routing are standard.
The Form 144 indicates the sale will be broker-handled and that the securities originated from a restricted stock vesting event under a registered plan, which typically requires Rule 144 notice when certain conditions are met. The inclusion of the seller’s representation regarding material non-public information is standard language to satisfy regulatory attestations. There are no disclosures of prior sales in the past three months, and no additional governance or remediation items are noted in the filing.