Hershey (HSY) CTO reports small tax-withholding share disposition

Rhea-AI Filing Summary

Hershey Co senior vice president and chief technology officer Deepak Bhatia reported a small tax-related share disposition. On the Form 4, 508 shares of common stock were delivered at a price of $210.58 per share to satisfy a tax liability by delivering securities. After this withholding transaction, Bhatia directly holds 49,645 shares of Hershey common stock, so the filing reflects a routine compensation-related tax payment rather than an open-market trade.

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).

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^*

Bhatia Deepak

(Last) (First) (Middle)

19 E. CHOCOLATE AVE.

(Street)

HERSHEY PENNSYLVANIA 17033

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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

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

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

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	03/19/2026		F		508	D	$210.58	49,645	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:

	/s/ Kathleen S. Purcell, Agent for Deepak Bhatia	03/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did HSY executive Deepak Bhatia report?

Deepak Bhatia reported a tax-related share disposition, not an open-market trade. He delivered 508 Hershey common shares at $210.58 each to cover a tax liability and continues to directly hold 49,645 shares after this routine compensation-related event.

Was the HSY Form 4 transaction a stock sale on the open market?

No, the HSY Form 4 does not show an open-market sale. The code F transaction reflects 508 shares delivered at $210.58 per share to satisfy a tax liability, a common withholding method tied to equity compensation rather than discretionary selling.

How many HERSHEY CO shares does Deepak Bhatia hold after this Form 4?

After the reported tax-withholding disposition, Deepak Bhatia directly holds 49,645 shares of HERSHEY CO common stock. The Form 4 shows only 508 shares were used to cover a tax liability, leaving a substantial remaining equity position in the company.

What does transaction code F mean in the HSY Form 4 filing?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this HSY filing, 508 common shares at $210.58 each were delivered to cover a tax obligation, which is categorized as a tax-withholding disposition rather than a typical market sale.

Is the HSY insider transaction by Deepak Bhatia considered large?

The reported transaction is relatively small in scale. Only 508 shares were delivered to satisfy a tax liability, while Deepak Bhatia continues to directly hold 49,645 Hershey common shares, indicating this Form 4 reflects a routine tax-withholding event rather than a major position change.