HAS Insider Sale: Christian Cocks Disposes 27,800 Shares on Form 4

Rhea-AI Filing Summary

Christian P. Cocks, who is identified as a Director and the Chief Executive Officer of Hasbro, Inc. (HAS), reported two sales of Hasbro common stock executed on 08/21/2025. The filings show a sale of 19,000 shares at a weighted-average price of $78.9042 (individual trade prices ranged $78.77–$79.04) and a sale of 8,800 shares at a weighted-average price of $78.9651 (individual trade prices ranged $78.82–$79.11). The two transactions total 27,800 shares sold. The Form 4 lists beneficial ownership following the reported transactions as 258,661 shares and 249,861 shares on the respective report lines. No derivative securities were reported on Table II.

Positive

• Timely and compliant disclosure of insider transactions under Section 16
• No derivative securities reported in Table II, simplifying ownership picture
• Detailed price ranges provided for the multiple transactions and an offer to supply trade-level detail on request

Negative

• Insider sale of 27,800 shares by the CEO/Director may be perceived negatively by some investors
• Form does not indicate the transactions were made pursuant to a Rule 10b5-1 plan (box not checked), leaving motivation unspecified

Insights

Financial Analyst

TL;DR: CEO sold 27,800 HAS shares across two trades on 08/21/2025; reported holdings remain substantial.

The reported sales are routine insider dispositions disclosed on Form 4, totaling 27,800 shares at weighted-average prices near $78.90 per share. Such sales can reflect portfolio diversification or other personal liquidity needs but the filing provides no stated reason. Remaining reported beneficial ownership (listed on the two report lines) of 258,661 and 249,861 shares indicates the reporting person continues to hold a material position. There are no derivative transactions disclosed, and the filer complied with Section 16 reporting requirements.

Corporate Governance Expert

TL;DR: Insider sale disclosed properly; information is material for monitoring insider trading but not necessarily negative.

The Form 4 shows timely disclosure of two sales by a senior executive who is also a director, which is important for governance transparency. The filing includes weighted-average prices and price ranges and offers to provide trade-level detail on request, improving traceability. The absence of derivative activity simplifies interpretation. The filing does not state whether transactions were pre-arranged under a Rule 10b5-1 plan; the box for such a plan is not checked, so no affirmative defense is indicated in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cocks Christian P

(Last) (First) (Middle)

C/O HASBRO, INC.

1027 NEWPORT AVE

(Street)

PAWTUCKET RI 02861

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HASBRO, INC. [ HAS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock (Par Value $.50 per share)	08/21/2025		S		19,000	D	$78.9042(1)	258,661	D
Common Stock (Par Value $.50 per share)	08/21/2025		S		8,800	D	$78.9651(2)	249,861	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $78.7700 to $79.0400, inclusive. The reporting person undertakes to provide to Hasbro, Inc., any security holder of Hasbro, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1).

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $78.82 to $79.11, inclusive. The reporting person undertakes to provide to Hasbro, Inc., any security holder of Hasbro, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2).

Remarks:

	Matthew Gilman, P/O/A for Christian P Cocks	08/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Christian P. Cocks report on Form 4 for HAS?

He reported two sales of Hasbro common stock on 08/21/2025, totaling 27,800 shares.

How many shares were sold and at what prices in the Form 4 for HAS?

19,000 shares at a weighted-average price of $78.9042 (range $78.77–$79.04) and 8,800 shares at a weighted-average price of $78.9651 (range $78.82–$79.11).

What were the reporting person’s beneficial holdings after the transactions?

The Form 4 lists beneficial ownership following the reported transactions as 258,661 shares and 249,861 shares on the respective report lines.

Were any options, warrants, or other derivatives reported?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

Does the Form 4 indicate the sales were under a 10b5-1 plan?

No. The filing does not check the box indicating the transactions were made pursuant to a Rule 10b5-1 trading plan.