[Form 4] HERSHEY CO Insider Trading Activity

Rhea-AI Filing Summary

Harold Singleton III, a Director of The Hershey Company (HSY), reported acquiring 225.07 shares of Hershey common stock on 10/01/2025 at a reported price of $0. After the transaction, he beneficially owns 623.922 shares, held directly. The filing notes that 2.923 of the reported shares were acquired on 9/15/2025 under the Company’s directors' dividend reinvestment feature, which mirrors the broad-based plan available to shareholders. The Form 4 was signed by an agent on 10/03/2025.

Positive

• Director acquisition of 225.07 shares increases insider alignment with shareholders
• Direct beneficial ownership of 623.922 shares disclosed, improving transparency
• Dividend reinvestment (2.923 shares on 9/15/2025) shows participation in company plan

Negative

• None.

Insights

Corporate Governance Analyst

Director purchased 225.07 shares, increasing direct holdings to 623.922 shares.

This Form 4 documents a non‑derivative acquisition by Harold Singleton III on 10/01/2025, recorded at a $0 price consistent with a compensation or reinvestment mechanism rather than an open‑market cash purchase.

Because the report also discloses 2.923 shares obtained via a dividend reinvestment on 9/15/2025, the filing primarily reflects routine director compensation and reinvestment activity rather than a market transaction.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Singleton Harold III

(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	623.922	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 2.923 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 Harold Singleton III	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 transaction did Harold Singleton III report on Form 4 for HSY?

He reported acquiring 225.07 shares of Hershey common stock on 10/01/2025, recorded at a price of $0.

How many Hershey shares does Harold Singleton III beneficially own after the reported transaction?

Following the reported transaction he beneficially owns 623.922 shares, held directly.

Why is the transaction price listed as $0 on the Form 4?

The filing shows a $0 price, indicating the shares were acquired through a compensation or reinvestment mechanism rather than a paid open‑market purchase.

Did the Form 4 disclose any dividend reinvestment activity for HSY insider holdings?

Yes. The Form 4 states 2.923 shares were acquired on 9/15/2025 under the Company’s directors' dividend reinvestment feature.

When was the Form 4 signed and filed for this HSY disclosure?

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