Hershey Trust sells 30,000 HSY shares
Hershey Trust Company, as trustee for the Milton Hershey School Trust, reported open-market sales of 30,000 shares of The Hershey Company common stock over June 22–24, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School Trust, reported open-market sales of 30,000 shares of The Hershey Company common stock over June 22–24, 2026. The sales occurred at weighted average prices ranging from about $167.90 to $183.56 per share.
Following these transactions, the reporting person holds 1,366,119 shares of Hershey common stock directly and 54,612,012 shares of Class B common stock, which are convertible share-for-share into common stock without any stated expiration.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares
Net Sell
20 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
30,000 shs ($5.30M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 644 | $180.6527 | $116K |
| Sale | Common Stock, $1.00 par value | 2,973 | $181.5494 | $540K |
| Sale | Common Stock, $1.00 par value | 2,134 | $182.549 | $390K |
| Sale | Common Stock, $1.00 par value | 4,249 | $183.1376 | $778K |
| Sale | Common Stock, $1.00 par value | 200 | $173.87 | $35K |
| Sale | Common Stock, $1.00 par value | 1,500 | $174.4607 | $262K |
| Sale | Common Stock, $1.00 par value | 2,500 | $175.5911 | $439K |
| Sale | Common Stock, $1.00 par value | 200 | $176.415 | $35K |
| Sale | Common Stock, $1.00 par value | 300 | $177.7694 | $53K |
| Sale | Common Stock, $1.00 par value | 3,611 | $178.2694 | $644K |
| Sale | Common Stock, $1.00 par value | 1,689 | $179.27 | $303K |
| Sale | Common Stock, $1.00 par value | 58 | $167.9612 | $10K |
| Sale | Common Stock, $1.00 par value | 734 | $168.6289 | $124K |
| Sale | Common Stock, $1.00 par value | 515 | $169.4428 | $87K |
| Sale | Common Stock, $1.00 par value | 5,240 | $170.7598 | $895K |
| Sale | Common Stock, $1.00 par value | 1,450 | $171.4983 | $249K |
| Sale | Common Stock, $1.00 par value | 1,275 | $172.3456 | $220K |
| Sale | Common Stock, $1.00 par value | 728 | $173.2904 | $126K |
| holding | Class B Common Stock, $1.00 par value | -- | -- | -- |
| holding | Common Stock, $1.00 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $1.00 par value — 1,366,119 shares (Direct);
Class B Common Stock, $1.00 par value — 54,612,012 contracts (Direct);
Common Stock, $1.00 par value — 39,630 shares (Indirect, By Hershey Trust Company)
Footnotes (19)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $167.9000 to $167.9900, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F2. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $168.0700 to $168.9900, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $169.0100 to $169.9700, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F4. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.0300 to $170.9700, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F5. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $171.0000 to $171.9900, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F6. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.0100 to $172.9800, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F7. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0000 to $173.6700, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F8. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.1500 to $174.8800, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F9. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.0650 to 175.9500, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F10. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.1700 to $176.6600, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F11. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.4600 to $177.9800, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F12. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $178.0069 to $178.5700, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F13. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.0000 to $180.9710, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F14. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0075 to $181.9971, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F15. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0039 to $182.9846, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F16. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $183.0000 to $183.5600, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F17. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F18. All shares of Class B common stock, $1.00 par value convertible share-for-share into common stock, $1.00 par value, at any time, and without payment other than for the fact of conversion. There is no expiration date.
- F19. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Total shares sold: 30,000 shares
Lowest weighted price range: $167.90–$167.99/share
Highest weighted price range: $183.00–$183.56/share
+3 more
6 metrics
Total shares sold
30,000 shares
Net open-market sales over June 22–24, 2026
Lowest weighted price range
$167.90–$167.99/share
Price range noted in footnote F1
Highest weighted price range
$183.00–$183.56/share
Price range noted in footnote F16
Common shares after transactions
1,366,119 shares
Direct Hershey common stock holding following sales
Class B shares held
54,612,012 shares
Class B common stock, convertible share-for-share into common
Reported sale count
18 sale transactions
Individual open-market sale entries in the Form 4 data
Key Terms
open-market sale, weighted average price, Class B common stock, convertible share-for-share, +2 more
6 terms
open-market sale financial
"transaction_action: "open-market sale" for non-derivative common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The Price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class B common stock financial
"All shares of Class B common stock, $1.00 par value convertible share-for-share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
ten percent owner financial
""is_ten_percent_owner": 1 in the reportingPersons section"
indirect ownership financial
""ownership_type": "indirect" and "nature_of_ownership": "By Hershey Trust Company""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hershey Trust Company report in this Form 4 for HSY?
Hershey Trust Company reported open-market sales of 30,000 HSY common shares. These trades occurred over June 22–24, 2026 at various weighted average prices between roughly $167.90 and $183.56 per share, as disclosed in detailed transaction lines and footnotes.
Who is Hershey Trust Company acting for in this HSY Form 4?
Hershey Trust Company is wholly owned by the Milton Hershey School Trust. A footnote states it serves as trustee for the Milton Hershey School Trust, meaning the reported holdings and transactions relate to that trust’s beneficial interest in The Hershey Company securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates