BlackRock Files 13G/A Reporting 16.2M Hasbro Shares (11.6%)

Rhea-AI Filing Summary

BlackRock Portfolio Management LLC reports beneficial ownership of 16,215,929 shares of Hasbro, Inc. (ticker HAS), representing 11.6% of the outstanding common stock. The filer indicates sole voting power over 15,471,602 shares and sole dispositive power over 16,215,929 shares. The filing states holdings are in the ordinary course of business and were not acquired to change or influence control of the issuer. The filing identifies the reporting person as a Delaware entity and is signed by Spencer Fleming, Managing Director, on behalf of BlackRock Portfolio Management LLC.

Positive

• Material stake disclosed: Beneficial ownership of 16,215,929 shares, equal to 11.6% of Hasbro common stock, a significant institutional holding
• Clear voting control: Reporting person reports sole voting power over 15,471,602 shares, indicating centralized voting authority

Negative

• None.

Insights

Financial Analyst

TL;DR: BlackRock holds an 11.6% stake in Hasbro, a material passive position with voting influence but no stated intent to seek control.

The position size is material at 11.6% of the class, which can confer influence through voting and engagement but the filer explicitly certifies the stake is held in the ordinary course and not to change control. Sole voting and dispositive power figures indicate centralized portfolio management control. For investors, the filing documents a large institutional holder but contains no operational or financial details about Hasbro itself.

Corporate Governance Expert

TL;DR: This Schedule 13G/A documents a significant institutional stake but affirms passive intent, limiting immediate governance implications.

From a governance perspective, an 11.6% ownership is noteworthy because it could affect shareholder votes or prompt engagement, yet the certification that shares "were not acquired to change or influence control" frames the position as passive. The filing does not report any group affiliation and shows sole voting power concentrated within the reporting entity, which simplifies proxy and engagement dynamics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

HASBRO, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

418056107

(CUSIP Number)

08/29/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 418056107

1

Names of Reporting Persons

BlackRock Portfolio Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,471,602.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,215,929.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,215,929.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.6 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HASBRO, INC.
(b)	Address of issuer's principal executive offices: 1027 NEWPORT AVENUE, P O BOX 1059, PAWTUCKET, RHODE ISLAND, 02861
Item 2.
(a)	Name of person filing: BlackRock Portfolio Management LLC In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock Portfolio Management LLC, 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 418056107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 16,215,929
(b)	Percent of class: 11.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15,471,602
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 16,215,929
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of HASBRO, INC. No one person's interest in the common stock of HASBRO, INC. is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock Portfolio Management LLC

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	09/05/2025

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

How many Hasbro (HAS) shares does BlackRock Portfolio Management LLC report owning?

The filing reports beneficial ownership of 16,215,929 shares, representing 11.6% of Hasbro common stock.

Does BlackRock report voting control over the Hasbro shares in this filing?

Yes. The filer reports sole voting power over 15,471,602 shares and sole dispositive power over 16,215,929 shares.

Is BlackRock claiming intent to influence control of Hasbro (HAS)?

No. The certification states the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

When was the Schedule 13G/A signed for Hasbro (HAS)?

The filing is signed by Spencer Fleming, Managing Director, on behalf of BlackRock Portfolio Management LLC on 09/05/2025.

What is the reporting person’s place of organization?

The reporting person, BlackRock Portfolio Management LLC, is organized in Delaware and lists its principal office at 50 Hudson Yards, New York, NY 10001.