HAS Form 144 Notice: 19,000 Common Shares via Morgan Stanley — $1.5M

Rhea-AI Filing Summary

Form 144 filed for Hasbro, Inc. (HAS) discloses a proposed sale of 19,000 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $1,499,179.80. The filing lists total outstanding shares of 140,232,540 and an approximate sale date of 08/21/2025 on NASDAQ. The shares to be sold were acquired from restricted stock vesting events between 02/17/2022 and 02/22/2023, with individual vesting quantities provided. No securities sales by the filer in the past three months are reported. The filer certifies no undisclosed material information.

Insights

Financial Analyst

TL;DR: Routine insider sale notice for a modest block of shares; not material to company capitalization.

The filing is a standard Rule 144 notice describing a proposed sale of 19,000 common shares valued at approximately $1.5 million. Given the issuer's reported outstanding shares of 140.23 million, the block represents a very small fraction of equity and is unlikely to affect market capitalization or control. The shares originated from restricted stock vesting across multiple dates in 2022–2023, which is consistent with employee or executive compensation settlements. There are no reported sales in the prior three months and no additional disclosures of material nonpublic information in the remarks section.

Corporate Governance Expert

TL;DR: Filing demonstrates compliance with disclosure requirements for insider sales; no governance red flags disclosed.

The Form 144 provides the broker, proposed sale date, share quantity, and acquisition history for the securities, aligning with Rule 144 procedural requirements. The filing does not identify the selling person's name or any trading plan details in the content provided, and it contains the standard seller representation about absence of undisclosed material information. Based on the information present, there are no explicit governance issues, unusual timing concerns, or evidence of accelerated insider selling disclosed in this notice.

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

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	19000	1499179.80	140232540	08/21/2025	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	02/23/2022	Restricted stock vesting under a registered plan	Issuer			2973	02/23/2022	Not Applicable
Common	02/22/2023	Restricted stock vesting under a registered plan	Issuer			2332	02/22/2023	Not Applicable
Common	02/17/2023	Restricted stock vesting under a registered plan	Issuer			1287	02/17/2023	Not Applicable
Common	02/18/2022	Restricted stock vesting under a registered plan	Issuer			3254	02/18/2022	Not Applicable
Common	02/17/2022	Restricted stock vesting under a registered plan	Issuer			1386	02/17/2022	Not Applicable
Common	03/23/2022	Restricted stock vesting under a registered plan	Issuer			505	03/23/2022	Not Applicable
Common	02/18/2023	Restricted stock vesting under a registered plan	Issuer			2997	02/18/2023	Not Applicable
Common	02/19/2022	Restricted stock vesting under a registered plan	Issuer			518	02/19/2022	Not Applicable
Common	03/14/2022	Restricted stock vesting under a registered plan	Issuer			2094	03/14/2022	Not Applicable
Common	11/13/2022	Restricted stock vesting under a registered plan	Issuer			1654	11/13/2022	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 (HAS) Form 144 disclose?

It discloses a proposed sale of 19,000 common shares through Morgan Stanley Smith Barney with an aggregate market value of $1,499,179.80 and an approximate sale date of 08/21/2025.

How many Hasbro shares are outstanding according to the filing?

The filing lists 140,232,540 shares outstanding, which is the denominator used to contextualize the proposed sale size.

Where did the shares to be sold come from?

The shares were acquired via restricted stock vesting under a registered plan on multiple dates between 02/17/2022 and 02/22/2023, with specific unit counts provided for each vesting event.

Who is the broker handling the proposed sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services, New York is named as the broker in the filing.

Does the filing report any securities sold by the filer in the past three months?

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

Does the Form 144 contain any statements about undisclosed material information?

Yes. The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.