KILPIN TIMOTHY J. 4

4 · HASBRO, INC. · Filed Jul 29, 2026

AI-generated summary of this filing

Updated Jul 29, 2026

Hasbro President Timothy Kilpin Exercises Options, Sells Shares

What Happened

Timothy J. Kilpin, President, Toy, Lic & Ent at Hasbro (HAS), exercised stock options on July 28, 2026 to acquire a total of 40,000 shares at a strike price of $61.71 per share (total cost ≈ $2,468,400).
On the same day he sold 20,000 shares in the open market in two transactions: 10,000 shares at $92.00 (≈ $920,000) and 10,000 shares at $94.25 (≈ $942,450), for aggregate proceeds ≈ $1,862,450.
Of the exercised shares, 20,000 were reported as disposed in connection with the derivative exercise (≈ $1,234,200), consistent with shares surrendered or used to cover exercise/tax obligations.

Key Details

Transaction date: July 28, 2026 (Form filed July 29, 2026). Filing appears timely.
Option exercise: 10,000 @ $61.71 (acquired) + 10,000 @ $61.71 (acquired) + 20,000 @ $61.71 (derivative disposed).
Open-market sales: 10,000 @ $92.00 (disposed) and 10,000 @ $94.25 (disposed); total proceeds ≈ $1.86M.
Shares owned after transaction: filing notes a corrected total beneficial ownership (see footnote); the reported total includes 21,480 shares subject to currently unvested RSUs.
Relevant footnotes: Options were granted under an employee stock option plan (Rule 16b-3) and have tandem tax withholding rights (F2). Vesting schedule: 33 1/3% vested on each of May 17, 2024, 2025 and 2026 (F3). F1 explains a correction to previously reported beneficial ownership totals.
No 10b5-1 plan or gift reported.

Context

This is a common "exercise and sell" pattern: Kilpin exercised vested options and simultaneously sold some shares. The disposal of some exercised shares likely reflects sell-to-cover or surrender to satisfy withholding/exercise obligations (per footnote about tax withholding rights), not necessarily a pure investment-direction signal.
Purchases (exercises) increase his share exposure before the partial sell; the open-market sales realize proceeds. As always, filings report activity but do not state insider motives.

Form 4

Period: 2026-07-28

President, Toy, Lic & Ent

Transactions

Exercise/Conversion
Common Stock (Par Value $.50 per share)
[F1]
2026-07-28$61.71/sh+10,000$617,100→ 64,229 total
Sale
Common Stock (Par Value $.50 per share)
[F1]
2026-07-28$92.00/sh−10,000$920,000→ 54,229 total
Exercise/Conversion
Common Stock (Par Value $.50 per share)
[F1]
2026-07-28$61.71/sh+10,000$617,100→ 64,229 total
Sale
Common Stock (Par Value $.50 per share)
[F1]
2026-07-28$94.25/sh−10,000$942,450→ 54,229 total
Exercise/Conversion
Stock Option (Right to Buy)
[F2][F3]
2026-07-28$61.71/sh−20,000$1,234,200→ 14,436 total
Exercise: $61.71Exp: 2030-05-16→ Common Stock (20,000 underlying)

Footnotes (3)

[F1]The number of securities reported in Column 5 as beneficially owned following the transactions reported on this form reflect a correction to the reporting person's total beneficial ownership. An amendment filed on April 4, 2025 corrected the reporting person's total beneficial ownership as of that date, but that corrected total was not carried forward into the reporting person's Form 4 filings for the period between the date of the amendment and this filing. Accordingly, the amount reported in Column 5 of this form reflects the correct total beneficial ownership since the April 4, 2025 amendment, together with additional shares issued upon vesting of previously accrued DEUs. The total beneficial ownership number also includes 21,480 shares subject to currently unvested RSUs.
[F2]These options were granted under an employee stock option plan in accordance with Rule 16b-3 and have tandem tax withholding rights.
[F3]33 1/3% of the options became exercisable on each of May 17, 2024, May 17, 2025 and May 17, 2026.

Signature

Matthew Gilman, P/O/A for Timothy J. Kilpin|2026-07-28

1 file