[Form 4] Hasbro, Inc. Insider Trading Activity

Rhea-AI Filing Summary

John Hight, President of Wizards of the Coast at Hasbro, reported a Section 16 transaction. On 08/15/2025 he disposed of 7,286 shares of Hasbro common stock at a price of $80.72 per share through share withholding to satisfy tax withholding associated with the vesting of the first tranche (33 1/3%) of a 53,200 restricted stock unit award granted 08/15/2024. After this withholding and including 306 accrued dividend equivalents that convert on vesting, his beneficial ownership is reported as 61,459 shares. The Form 4 was signed on 08/19/2025 by Matthew Gilman as attorney-in-fact.

Positive

• Transparent disclosure of the RSU vesting and tax-withholding transaction on Form 4.
• Post-transaction ownership is clearly reported as 61,459 shares, including dividend equivalents.

Negative

• Reduction in beneficial holdings by 7,286 shares due to tax-withholding.
• No cash sale proceeds reported that would show liquidity intent (only withholding occurred).

Insights

Financial Analyst

TL;DR: Routine RSU vesting tax withholding reduced reported holdings by 7,286 shares; no market-sale proceeds were reported.

This Form 4 documents a common internal compensation event rather than an open-market sale. The disposition code and explanation indicate the shares were withheld to satisfy tax obligations on the vesting of RSUs granted 08/15/2024 (first tranche, 33 1/3%). The transaction price of $80.72 is the per-share value used for the withholding; the reporting position after the event is 61,459 shares, inclusive of 306 dividend equivalents. For investors, this is administrative and not an indication of diversification or large-scale liquidity needs by the reporting person.

Corporate Governance Expert

TL;DR: Insider tax-withholding on RSU vesting is standard and disclosed appropriately on Form 4.

The filing provides the required disclosure for an insider compensation-related share withholding. It specifies the origin (RSU grant dated 08/15/2024) and the mechanics (share withholding for tax). The reporting person is an officer (President, WOTC), and the form is properly signed by an attorney-in-fact. This disclosure aligns with Section 16 requirements and does not, by itself, raise governance concerns.

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

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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^*

Hight John

(Last) (First) (Middle)

C/O HASBRO, INC.

1027 NEWPORT AVENUE

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, WOTC

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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)	08/15/2025		F(1)		7,286	D	$80.72	61,459(2)	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. This represents payment of tax withholding using share withholding in connection with the vesting of the first tranche (33 1/3%) of a restricted stock unit award of 53,200 shares granted August 15, 2024.

2. Total adjusted for 306 accrued dividend equivalents payable upon vesting of RSUs. Each RSU dividend equivalent converts into one share of Hasbro Common Stock upon vesting.

Remarks:

	Matthew Gilman, P/O/A for John Hight	08/19/2025
	** 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 John Hight (HAS) report on the Form 4 filed for 08/15/2025?

He reported a disposition of 7,286 shares at $80.72 per share through share withholding for tax purposes related to RSU vesting.

Why were shares disposed of according to the filing?

The shares were withheld to satisfy tax withholding obligations on the vesting of the first tranche (33 1/3%) of a 53,200 RSU award granted 08/15/2024.

How many Hasbro shares does John Hight beneficially own after the transaction?

The filing reports 61,459 shares beneficially owned following the reported transaction, adjusted to include 306 accrued dividend equivalents.

What is the relationship of the reporting person to Hasbro?

The filing identifies John Hight as an Officer (President, WOTC).

When was the Form 4 signed and who signed it?

The Form 4 was signed on 08/19/2025 by Matthew Gilman as Power of Attorney for John Hight.

Does this Form 4 indicate an open-market sale of shares?

No. The transaction is described as share withholding to cover taxes on vested RSUs, not a market sale for cash proceeds.