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 The Hershey Company 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 The Hershey Company common stock. The sales occurred on April 30 and May 1, 2026 at weighted average prices ranging from $180.3167 to $186.9200 per share. Following these transactions, the trust directly holds 1,726,119 shares of common stock and 54,612,012 shares of Class B common stock that are convertible share‑for‑share into common stock without an expiration date.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
14 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
20,000 shs ($3.68M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 422 | $180.5913 | $76K |
| Sale | Common Stock, $1.00 par value | 1,691 | $181.6821 | $307K |
| Sale | Common Stock, $1.00 par value | 4,266 | $182.4273 | $778K |
| Sale | Common Stock, $1.00 par value | 1,692 | $183.4028 | $310K |
| Sale | Common Stock, $1.00 par value | 1,104 | $184.3753 | $204K |
| Sale | Common Stock, $1.00 par value | 76 | $185.4919 | $14K |
| Sale | Common Stock, $1.00 par value | 749 | $186.5262 | $140K |
| Sale | Common Stock, $1.00 par value | 200 | $182.315 | $36K |
| Sale | Common Stock, $1.00 par value | 975 | $183.6077 | $179K |
| Sale | Common Stock, $1.00 par value | 1,725 | $184.6151 | $318K |
| Sale | Common Stock, $1.00 par value | 4,700 | $185.543 | $872K |
| Sale | Common Stock, $1.00 par value | 2,400 | $186.4267 | $447K |
| 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 — 1,726,119 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 (15)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0600 to $182.5700, 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 $183.0800 to $183.9800, 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 $184.0400 to $184.9950, 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 $185.0700 to $185.8500, 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 $186.0100 to $186.8400, 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 $180.3167 to $180.9989, 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 $181.0449 to $181.9991, 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 $182.0011 to $182.9902, 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 $183.0088 to $183.9870, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $184.0262 to $184.9487, 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.
- F11. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $185.3212 to $185.9749, 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.
- F12. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $186.0044 to $186.9200, 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.
- F13. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F14. 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.
- F15. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Shares sold: 20,000 shares
Sale price range: $180.3167–$186.9200/share
Common shares held after: 1,726,119 shares
+3 more
6 metrics
Shares sold
20,000 shares
Total common stock sold in open-market transactions
Sale price range
$180.3167–$186.9200/share
Weighted average prices across reported sales
Common shares held after
1,726,119 shares
Direct Hershey common stock holding after sales
Class B shares held
54,612,012 shares
Class B common stock convertible 1:1 into common
Largest single sale block
4,700 shares
Common stock sold at $185.5430 on April 30, 2026
Earliest reported sale price
$180.3167/share
Lower bound of one weighted average price range
Key Terms
open-market sale, Class B common stock, weighted average price, ten percent owner, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common stock transactions"
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.
Class B common stock financial
"security_title: "Class B Common Stock, $1.00 par value""
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.
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.
ten percent owner regulatory
""is_ten_percent_owner": 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hershey Trust Company report in this Form 4 for HSY?
Hershey Trust Company, as trustee for the Milton Hershey School, reported selling 20,000 shares of Hershey common stock in open‑market transactions. These trades occurred over two days and are part of the trust’s ongoing management of a very large long‑term position.
What is special about Hershey’s Class B common stock held by the trust?
The trust’s Class B common stock is convertible share‑for‑share into Hershey common stock at any time. According to the filing, there is no expiration date on this conversion right, and the conversion price is the market price of the common stock on the previous business day.
Who is Hershey Trust Company acting for in this HSY insider filing?
Hershey Trust Company is wholly owned by the Milton Hershey School Trust and serves as trustee for the Milton Hershey School Trust. The reported Hershey share transactions are therefore attributed to the trust in its capacity managing assets for the Milton Hershey School.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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