[SCHEDULE 13G/A] Hasbro, Inc. SEC Filing

Rhea-AI Filing Summary

Liquidia Corporation (LQDA) – Form 4 insider transaction by CEO Roger Jeffs

The filing discloses two reportable events for the period 11-15 July 2025:

• 13,833 common shares acquired on 11-Jul-2025 through the vesting and settlement of performance stock units (transaction code M). The PSUs were part of a 221,338-unit grant dated 11-Jan-2024.
• 20,252 common shares sold on 14-Jul-2025 at $14.28 per share (transaction code S) under a Rule 10b5-1 trading plan. The sale was expressly for tax-withholding obligations linked to the earlier vesting of RSUs and PSUs.

After the transactions, Jeffs’ beneficial ownership stands at:

• 1,038,560 shares held directly
• 46,595 shares held indirectly via the Roger A. Jeffs Living Trust
• 1,541,667 shares held indirectly through Serendipity BioPharma LLC

He also retains significant unvested equity incentives: 108,562 RSUs from a 2023 grant, 138,336 RSUs from a 2024 grant, and 229,327 RSUs from a 2025 grant.

The net change is a decrease of 6,419 shares (≈0.2 % of his total beneficial ownership) and generates proceeds of roughly $289 thousand. Given the small size relative to his >2.6 million share stake and the pre-arranged 10b5-1 plan, the filing appears routine and tax-related rather than a directional signal.

Positive

• Executive continues to hold a sizable stake – over 2.6 million shares after the transactions, aligning interests with shareholders.
• Acquisition of 13,833 shares via PSU vesting indicates ongoing realization of performance-based equity awards.

Negative

• Net decrease of 6,419 shares due to tax-related sale, though immaterial in percentage terms.

Insights

Senior Securities Analyst

TL;DR: Minor, tax-driven share sale; negligible impact on insider sentiment.

The Form 4 shows Roger Jeffs settling 13,833 PSUs, then selling 20,252 shares to cover taxes. Net ownership dipped by only 6,419 shares, leaving him with >1 million directly held shares and >2.6 million in total when trusts and LLC holdings are included. Because the S-coded transaction was executed under a Rule 10b5-1 plan, it was scheduled in advance and is unlikely to reflect a change in outlook. The scale—<0.3 % of his aggregate position—suggests minimal market impact. Overall, the filing is best interpreted as routine housekeeping rather than a bullish or bearish signal.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

HASBRO, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

418056107

(CUSIP Number)

06/30/2025

(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 11,437,239.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,710,127.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,710,127.00

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)

8.4 %

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: 11,710,127
(b)	Percent of class: 8.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 11,437,239
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 11,710,127
	(iv) Shared power to dispose or to direct the disposition of: 0
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:	07/15/2025

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

How many Liquidia (LQDA) shares did CEO Roger Jeffs sell in July 2025?

Jeffs sold 20,252 shares on 14-Jul-2025 at $14.28 per share.

What was the reason for the LQDA share sale disclosed in this Form 4?

The shares were sold solely to cover taxes arising from the settlement of previously granted RSUs and PSUs.

How many Liquidia shares does Roger Jeffs now own?

He owns 1,038,560 shares directly and 1,588,262 shares indirectly, totaling ≈2.63 million.

Was the July 2025 sale part of a pre-arranged trading plan?

Yes. The transaction was executed under a Rule 10b5-1 plan adopted on 15-Dec-2023.

Did the CEO acquire any new Liquidia shares in this period?

Yes, 13,833 shares were acquired on 11-Jul-2025 through PSU conversion (code M).