Hershey Trust (NYSE: HSY) sells 30,000 Hershey Co shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School, reported open-market sales totaling 30,000 shares of The Hershey Company common stock over July 6–8, 2026. The weighted average sale prices ranged from about $173.6883 to $182.2164 per share.
The trust also reports holding 54,612,012 shares of Class B common stock, which are convertible share-for-share into common stock with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares ($5,308,567)
Net Sell
22 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
null
Sold
30,000 shs ($5.31M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 96 | $173.7964 | $17K |
| Sale | Common Stock, $1.00 par value | 4,364 | $174.446 | $761K |
| Sale | Common Stock, $1.00 par value | 3,152 | $175.497 | $553K |
| Sale | Common Stock, $1.00 par value | 2,003 | $176.3714 | $353K |
| Sale | Common Stock, $1.00 par value | 385 | $177.0495 | $68K |
| Sale | Common Stock, $1.00 par value | 2,730 | $175.8808 | $480K |
| Sale | Common Stock, $1.00 par value | 2,154 | $176.3781 | $380K |
| Sale | Common Stock, $1.00 par value | 3,349 | $177.4468 | $594K |
| Sale | Common Stock, $1.00 par value | 169 | $178.4598 | $30K |
| Sale | Common Stock, $1.00 par value | 386 | $179.7341 | $69K |
| Sale | Common Stock, $1.00 par value | 629 | $180.3742 | $113K |
| Sale | Common Stock, $1.00 par value | 525 | $181.5912 | $95K |
| Sale | Common Stock, $1.00 par value | 58 | $182.0698 | $11K |
| Sale | Common Stock, $1.00 par value | 246 | $176.8958 | $44K |
| Sale | Common Stock, $1.00 par value | 4,290 | $177.5782 | $762K |
| Sale | Common Stock, $1.00 par value | 4,109 | $178.4972 | $733K |
| Sale | Common Stock, $1.00 par value | 903 | $179.4303 | $162K |
| Sale | Common Stock, $1.00 par value | 184 | $180.3125 | $33K |
| Sale | Common Stock, $1.00 par value | 33 | $181.2181 | $6K |
| Sale | Common Stock, $1.00 par value | 235 | $182.1806 | $43K |
| 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 — 1,286,023 shares (Direct, null);
Class B Common Stock, $1.00 par value — 54,612,012 shares (Direct, null);
Common Stock, $1.00 par value — 39,630 shares (Indirect, By Hershey Trust Company)
Footnotes (1)
- The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.7867 to $176.9923, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.0042 to $177.9981, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $178.0056 to $178.9996, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $179.0028 to $179.9957, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.0410 to $180.5432, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.1100 to $182.2164, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.4762 to $175.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.0000 to $176.9700, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.0600 to $177.9700, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $178.0700 to $178.9700, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $179.4900 to $179.9700, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.0100 to $180.8900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0000 to $181.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0200 to $182.1400, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.6883 to $173.9968, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.0348 to $174.9754, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.0107 to $175.9921, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.0019 to $176.9960, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.0030 to $177.1232, 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. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust. 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. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Shares sold: 30,000 shares
Lowest reported sale price: $173.6883 per share
Highest reported sale price: $182.2164 per share
+3 more
6 metrics
Shares sold
30,000 shares
Aggregate common stock sales July 6–8, 2026
Lowest reported sale price
$173.6883 per share
Lower end of weighted average sale price ranges
Highest reported sale price
$182.2164 per share
Upper end of weighted average sale price ranges
Number of sale transactions
20 transactions
Open-market sales of common stock
Class B shares held
54,612,012 shares
Class B common stock convertible share-for-share into common
Insider status
Ten percent owner
Reporting person classification on Form 4
Key Terms
weighted average price, open-market sale, Class B common stock, convertible share-for-share, +2 more
6 terms
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.
open-market sale financial
"transaction_action": "open-market sale""
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.
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 regulatory
""is_ten_percent_owner": 1"
underlying security financial
""underlying_security_title": "Common Stock, $1.00 par value""
FAQ
What did Hershey Trust Company report in this Form 4 for HSY?
Hershey Trust Company reported selling a total of 30,000 shares of The Hershey Company common stock in open-market transactions over July 6–8, 2026, at weighted average prices between about $173.6883 and $182.2164 per share.
Does Hershey Trust Company still hold a large position in Hershey Co after these sales?
Yes. The filing shows Hershey Trust Company as a ten percent owner and reports ownership of 54,612,012 shares of Class B common stock, which are convertible share-for-share into common stock without an expiration date, indicating a very substantial continuing position.
What is the Class B common stock held by Hershey Trust Company?
The filing states the trust holds Class B common stock, $1.00 par value, that is convertible share-for-share into Hershey common stock without any additional payment. The footnotes specify there is no expiration date on this conversion right.
How many individual sale transactions did the Hershey Trust report for HSY?
The transaction summary shows 20 sale transactions of Hershey common stock. Each line reflects an open-market sale, with prices reported as weighted averages for multiple executions within specified intraday price ranges over the three disclosed trading dates.