Vanguard Portfolio Management Trims Hasbro Stake Below 5%

Executive Summary

On October 30, 2026, Vanguard Portfolio Management LLC filed Amendment No. 1 to Schedule 13G regarding its holdings in Hasbro Inc ($HAS). As of the event date of September 30, 2026, Vanguard reported beneficial ownership of 6,830,969 shares, representing 4.84% of Hasbro's outstanding Common Stock. Because its stake has fallen below the 5% threshold, Item 5 indicates that the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities.

Ownership & Voting Breakdown

• Aggregate Beneficial Ownership: 6,830,969 shares (4.84%)
• Sole Voting Power: 21,697 shares
• Shared Voting Power: 0 shares
• Sole Dispositive Power: 6,830,969 shares
• Shared Dispositive Power: 0 shares

Market & Trading Implications

• Significance: Low. The filing reflects routine, passive portfolio adjustments typical of index and institutional fund managers rather than an activist move or directional sentiment from company insiders.
• Exit from 5% Threshold: By crossing below 5%, Vanguard will no longer be subject to regular Schedule 13G amendment requirements for Hasbro unless ownership subsequently increases back above the 5% threshold.