[Form 4] HERSHEY CO Insider Trading Activity

Rhea-AI Filing Summary

Maria T. Kraus, a Director of The Hershey Company (HSY), reported a purchase of 225.07 shares on 10/01/2025. After this transaction she beneficially owns 2,394.493 shares directly. The filing itemizes the acquisition as a non-derivative purchase with a reported price of $0 for the shares and includes an explanatory note that 7.213 of the directly owned shares were previously acquired on 9/15/2025 through the Company’s directors' dividend reinvestment feature. The Form 4 was signed by an agent on 10/03/2025.

Positive

• Director acquisition of 225.07 shares on 10/01/2025
• Total direct ownership updated to 2,394.493 shares
• 7.213 shares added via dividend reinvestment on 9/15/2025

Negative

• None.

Insights

Corporate Governance Expert

Director bought 225.07 HSY shares, raising direct ownership to 2,394.493 shares.

What it means: A change in an officer/director’s direct holdings was recorded when Maria T. Kraus acquired 225.07 shares on 10/01/2025. The reported ownership total after the transaction is 2,394.493 shares.

Why it matters: Section 16 filings give transparent, timely disclosure of insider transactions; this confirms a director-level purchase activity and updates the public record of insider ownership. The filing also discloses that 7.213 shares were added via a dividend reinvestment on 9/15/2025, which is part of the reported direct holding.

Transaction date to monitor: 10/01/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kraus Maria T

(Last) (First) (Middle)

19 E. CHOCOLATE AVENUE

(Street)

HERSHEY PA 17033

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HERSHEY CO [ HSY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025		A		225.07	A	$0	2,394.493	D(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The total amount of securities reported as directly owned in Column 5 includes 7.213 shares acquired on September 15, 2025, pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan, the provisions of which are substantially similar to the dividend reinvestment features of the broad-based dividend reinvestment plan available generally to Company stockholders.

	/s/ Kathleen S. Purcell, Agent for Maria T. Kraus	10/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Hershey director Maria T. Kraus report on Form 4 (HSY)?

She reported acquiring 225.07 shares on 10/01/2025, bringing her direct beneficial ownership to 2,394.493 shares.

What price was reported for the HSY shares acquired on 10/01/2025?

The Form 4 lists a reported price of $0 for the 225.07 shares in the non-derivative section.

Does the filing show any dividend reinvestment activity for HSY insiders?

Yes. The filing explains that 7.213 shares were acquired on 9/15/2025 under the Company’s directors' dividend reinvestment feature.

When was the Form 4 signed and filed for Maria T. Kraus?

The Form 4 was signed by an agent on 10/03/2025.

Is the reported ownership direct or indirect?

The filing shows the 2,394.493 shares are held directly by Maria T. Kraus.