HAS Form 144 Shows 2,500-Share Insider Sale Via Morgan Stanley on 08/28/2025

Rhea-AI Filing Summary

Form 144 notice for Hasbro, Inc. (HAS) reports a proposed sale of 2,500 shares of common stock through Morgan Stanley Smith Barney LLC on or about 08/28/2025, with an aggregate market value of $202,825.00. The shares were acquired by the seller via restricted stock vesting under a registered plan on 05/17/2024 and payment was recorded as Not Applicable. The filing also discloses a prior sale by the same person of 1,002 shares on 08/14/2025 for gross proceeds of $79,971.02. The filer attests there is no undisclosed material adverse information about the issuer.

Positive

• Transparent compliance: Form 144 filed, disclosing seller, broker, dates, and dollar amounts as required
• Securities originated from restricted stock vesting: acquisition method is compensation-related, not an external purchase
• Insider attestation: signer represents no undisclosed material adverse information

Negative

• Insider selling: Proposed sale of 2,500 shares and recent sale of 1,002 shares could be interpreted negatively by some investors despite immaterial size
• Market value disclosed: $202,825 aggregate could attract attention even though it is small versus outstanding shares

Insights

Securities Analyst

TL;DR: Routine insider sale from vested restricted stock, small relative to Hasbro's outstanding shares, likely neutral for valuation.

The Form 144 shows a planned disposal of 2,500 common shares valued at $202,825, executed through Morgan Stanley Smith Barney with an approximate sale date of 08/28/2025. The securities were acquired via restricted stock vesting on 05/17/2024, indicating these are not newly purchased shares but compensation-related equity that became transferable. The filing also reports a recent sale of 1,002 shares on 08/14/2025 for $79,971.02. Given the issuer's reported outstanding share count of 140,232,540, the quantities disclosed represent an immaterial fraction of total shares, so immediate market impact is unlikely. This is a compliance disclosure rather than a signal of material corporate change.

Corporate Governance Expert

TL;DR: Disclosure reflects standard insider reporting and Rule 144 compliance; no governance red flags present in the filing.

The notice documents that the seller received the shares through restricted stock vesting under a registered plan and is making the required Rule 144 disclosure for resale. The signer affirms absence of undisclosed material adverse information. There is no indication of unusual timing, related-party transactions, or departures from standard trading channels—the sale is routed through a recognized broker-dealer. From a governance standpoint, the filing adheres to transparency and insider-trading disclosure expectations.

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	2500	202825.00	140232540	08/28/2025	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	05/17/2024	Restricted stock vesting under a registered plan	Issuer			2500	05/17/2024	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ROBERTA KELLY THOMSON 1027 Newport Avenue Pawtucket RI 02861	Common	08/14/2025	1002	79971.02

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 Form 144 filed for HAS disclose?

The filing discloses a proposed sale of 2,500 common shares through Morgan Stanley Smith Barney on or about 08/28/2025, valued at $202,825.00.

How were the 2,500 Hasbro shares acquired?

The shares were acquired via restricted stock vesting under a registered plan on 05/17/2024.

Has the seller sold other Hasbro shares recently?

Yes, the filing reports a sale of 1,002 shares on 08/14/2025 for gross proceeds of $79,971.02.

Through which broker will the Hasbro shares be sold?

The proposed sale will be executed through Morgan Stanley Smith Barney LLC.

Is the disclosed sale material relative to Hasbro's outstanding shares?

No; the filing lists 140,232,540 shares outstanding, so the proposed 2,500-share sale is immaterial in size.