Hershey Trust sells 20,000 Hershey Co shares
Hershey Trust Company, as trustee for the Milton Hershey School, reported open-market sales of 20,000 shares of Hershey Co common stock.
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Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School, reported open-market sales of 20,000 shares of Hershey Co common stock. The non-derivative sales occurred on April 16–17, 2026 at prices around $190–$194 per share, executed in multiple transactions at weighted average prices.
After these trades, the reporting person remains a major holder through 54,612,012 shares of Class B common stock, which are convertible share-for-share into Hershey common stock, in addition to its remaining common stock position.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
11 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
20,000 shs ($3.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 593 | $190.2791 | $113K |
| Sale | Common Stock, $1.00 par value | 206 | $191.2057 | $39K |
| Sale | Common Stock, $1.00 par value | 4,463 | $192.6587 | $860K |
| Sale | Common Stock, $1.00 par value | 3,501 | $193.5576 | $678K |
| Sale | Common Stock, $1.00 par value | 1,237 | $194.1778 | $240K |
| Sale | Common Stock, $1.00 par value | 394 | $190.9522 | $75K |
| Sale | Common Stock, $1.00 par value | 7,868 | $191.3595 | $1.51M |
| Sale | Common Stock, $1.00 par value | 1,648 | $192.5003 | $317K |
| Sale | Common Stock, $1.00 par value | 90 | $193.2078 | $17K |
| 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 — 1,826,119 shares (Direct);
Class B Common Stock, $1.00 par value — 54,612,012 contracts (Direct);
Common Stock, $1.00 par value — 39,630 shares (Indirect, By Hershey Trust Company)
Footnotes (12)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $190.9264 to $190.9947, 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.
- F2. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $191.0084 to $191.9927, 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.
- F3. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $192.0000 to $192.9971, 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.
- F4. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $193.0058 to $193.2353, 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.
- F5. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $190.0000 to $190.8755, 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.
- F6. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $191.1919 to $191.2200, 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.
- F7. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $192.0500 to $192.9500, 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.
- F8. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $193.0500 to $193.9900, 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.
- F9. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $194.0000 to $194.8100, 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.
- F10. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F11. 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.
- F12. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Common shares sold: 20,000 shares
Reported sale price example: $194.1778 per share
Reported sale price example: $193.5576 per share
+3 more
6 metrics
Common shares sold
20,000 shares
Total non-derivative open-market sales on April 16–17, 2026
Reported sale price example
$194.1778 per share
Common stock sale price on April 17, 2026
Reported sale price example
$193.5576 per share
Common stock sale price on April 17, 2026
Reported sale price example
$192.6587 per share
Common stock sale price on April 17, 2026
Indirect common holdings
39,630 shares
Common stock held indirectly as of April 16, 2026
Class B shares held
54,612,012 shares
Class B common stock, convertible share-for-share into common stock
Key Terms
open-market sale, weighted average price, Class B common stock, ten percent owner, +2 more
6 terms
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.
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.
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"
indirect ownership financial
""ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hershey Trust Company report in this HSY Form 4 filing?
Hershey Trust Company, as trustee for Milton Hershey School, reported selling 20,000 Hershey Co common shares in open-market transactions. The trades took place over April 16–17, 2026 at various weighted average prices near $190–$194 per share.
Who is the reporting person in this Hershey Co (HSY) insider transaction?
The reporting person is Hershey Trust Company, acting as trustee in trust for the Milton Hershey School. It is identified as a more-than ten percent owner of Hershey Co, rather than an individual executive or director, reflecting a large institutional holding.
Does Hershey Trust Company still hold a large HSY stake after these sales?
Yes. The filing shows ongoing ownership of 54,612,012 shares of Class B common stock, convertible share-for-share into common stock. The trust also continues to hold common shares directly and indirectly, so the 20,000 shares sold represent a small portion of its position.
What is the Class B common stock mentioned in the HSY Form 4?
The Class B common stock has a $1.00 par value and is convertible into Hershey Co common stock on a share-for-share basis. The filing states there is no expiration date, and conversion occurs at the market price of the common stock on the previous business day.
How were the HSY sale prices reported in this insider filing?
Sale prices are disclosed as weighted average prices, with footnotes explaining that each reported price reflects multiple trades within a price range. The trust undertakes to provide detailed trade-by-trade pricing information to regulators, shareholders, or the company upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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