HSY Form 144: 278-Share Sale Planned on NYSE
Rhea-AI Filing Summary
Hershey Co. (HSY) – Form 144 notice. A shareholder intends to sell up to 278 shares of Hershey common stock—well below 0.001% of the 148,110,715 shares outstanding. The stock was received as a gift on 12-Dec-2024; the donor originally acquired the shares on 01-Jan-2024. The proposed sale, valued at about $52,556 in total, is slated for on or after 01-Aug-2025 via Northern Trust Securities on the NYSE. No other sales have been made by this holder in the past three months. The signer certifies that they possess no undisclosed material adverse information regarding the company.
Positive
- None.
Negative
- None.
Insights
TL;DR: Tiny Form 144 sale (278 HSY shares) is routine and immaterial.
The filing discloses a prospective sale worth roughly $52k, representing an insignificant fraction of Hershey’s float. The shares were acquired as a gift, indicating no direct liquidation of compensation stock. Absence of prior three-month sales and the standard certification reduce concerns of informed selling. From a market-impact standpoint, the transaction is too small to influence price discovery or signal insider sentiment. I assess the disclosure as housekeeping-level, requiring no portfolio action.