Hershey Insider Files Form 144 for $240k Stock Sale

Rhea-AI Filing Summary

Hershey (HSY) – Form 144 insider sale notice

Director Rohit Grover has filed to sell up to 1,334 common shares (~$240,120) through Fidelity on or about 21 Jul 2025. The shares originate from restricted-stock vestings dated 2017-2020 and equal only 0.0009% of Hershey’s 147.99 M shares outstanding, well below Rule 144’s 1% four-week volume limit.

Grover previously sold 1,333 shares on 09 Jun 2025 for $219,945 and another 1,333 shares on 01 Jul 2025 for $233,275. If the new order executes, his three-month total will reach 4,000 shares worth roughly $693k. The filing contains no operational, financial, or strategic updates and states the insider is unaware of undisclosed adverse information. Supply impact is immaterial, but continued insider selling may modestly weigh on near-term sentiment.

Positive

• None.

Negative

• Continued insider selling—4,000 shares (~$693k) in three months—could be viewed as a modest bearish signal despite representing an immaterial share of float.

Insights

Corporate Governance Analyst

TL;DR: Minor Form 144 sale; negligible dilution, mild sentiment negative.

The proposed 1,334-share divestiture represents less than 0.001 % of HSY’s float and remains far below Rule 144’s allowable trading volume, so market impact is virtually non-existent. Nevertheless, when combined with two recent 1,333-share transactions, Grover is liquidating 4,000 shares (~$693k) within one quarter, indicating personal profit-taking or diversification. Absent any accompanying company news, I treat the event as routine and not materially influential to valuation or fundamentals. Overall effect: neutral.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1334	240120.00	147990276	07/21/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/18/2017	Restricted Stock Vesting	Issuer			55	03/18/2017	Compensation
Common	03/18/2019	Restricted Stock Vesting	Issuer			166	03/18/2019	Compensation
Common	03/20/2019	Restricted Stock Vesting	Issuer			130	03/20/2019	Compensation
Common	07/11/2019	Restricted Stock Vesting	Issuer			776	07/11/2019	Compensation
Common	02/20/2020	Restricted Stock Vesting	Issuer			130	02/20/2020	Compensation
Common	02/22/2020	Restricted Stock Vesting	Issuer			77	02/22/2020	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Rohit Grover 19 East Chocolate Avenue Hershey PA 17033	Common	06/09/2025	1333	219945.00
Rohit Grover 19 East Chocolate Avenue Hershey PA 17033	Common	07/01/2025	1333	233275.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Hershey (HSY) shares are being proposed for sale?

The Form 144 covers 1,334 common shares.

What is the estimated dollar value of the planned HSY sale?

Approximately $240,120 based on the filing.

When is the intended sale date for the HSY shares?

On or about 21 July 2025.

How many shares has Rohit Grover already sold in the past three months?

He sold 1,333 shares on 09 Jun 2025 and 1,333 shares on 01 Jul 2025, totaling 2,666 shares.

What percentage of Hershey’s outstanding shares does the proposed sale represent?

Roughly 0.0009% of the 147.99 M shares outstanding.

Which brokerage will execute the transaction?

The broker listed is Fidelity Brokerage Services LLC.