[Form 4] HERSHEY CO Insider Trading Activity

Rhea-AI Filing Summary

The Hershey Company (HSY)11/21/2025, the reporting person bought 2,000 shares of Hershey common stock in an open-market transaction at a weighted average price of $185.4573 per share. After this trade, the insider beneficially owned 47,860 shares directly. The filing explains that the purchase price reflects multiple trades executed between $185.350 and $185.615 per share, and that detailed pricing information for each trade is available upon request.

11/25/2025 - 04:52 PM

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

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tanner Kirk

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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	11/21/2025		P		2,000	A	$185.4573(1)	47,860	D

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. This reflects the weighted average price for the shares, which were purchased in multiple transactions at prices that ranged from $185.350 to $185.615. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares purchased at each separate price.

	/s/ Kathleen S. Purcell, Agent for Kirk Tanner	11/25/2025
	** 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 insider transaction did Hershey (HSY) report in this Form 4?

The filing reports that Hershey's President and CEO, who is also a director, purchased 2,000 shares of Hershey common stock on 11/21/2025 in an open-market transaction.

At what price were the Hershey (HSY) shares purchased in the insider trade?

The 2,000 shares were bought at a weighted average price of $185.4573 per share, with individual trades executed between $185.350 and $185.615 per share.

How many Hershey (HSY) shares does the insider own after this transaction?

Following the reported purchase, the insider beneficially owned 47,860 shares of Hershey common stock directly.

What is the relationship of the reporting person to Hershey (HSY)?

The reporting person is both a Director and an Officer of Hershey, serving as President and CEO.

Was this Hershey (HSY) insider transaction part of multiple trades?

Yes. The filing states that the weighted average price reflects shares purchased in multiple transactions at prices ranging from $185.350 to $185.615 per share.

Can investors get detailed pricing for each Hershey (HSY) insider trade reported?

Yes. The reporting person undertakes to provide, upon request, information about the number of shares purchased at each separate price within the stated range.