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Hershey Trust trims 30,000 Hershey Co shares

Hershey Trust Company, as trustee for Milton Hershey School, reported open‑market sales of 30,000 shares of The Hershey Company common stock.

Filing Impact
(Very High)
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Form Type
4

Rhea-AI Filing Summary

Hershey Trust Company, as trustee for Milton Hershey School, reported open‑market sales of 30,000 shares of The Hershey Company common stock. The sales took place on June 16–17, 2026 at weighted average prices ranging from about $172.5630 to $184.2273 per share, executed in multiple trades within those ranges.

After these transactions, the reporting entity directly holds 1,406,119 shares of common stock. It also holds 54,612,012 shares of Class B common stock, which are convertible share‑for‑share into common stock without an expiration date, giving the trust a large continuing ownership position in Hershey.

Insider HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role 10% Owner
Sold 30,000 shs ($5.40M)
Type Security Shares Price Value
Sale Common Stock, $1.00 par value 492 $172.7462 $85K
Sale Common Stock, $1.00 par value 574 $173.505 $100K
Sale Common Stock, $1.00 par value 842 $174.7071 $147K
Sale Common Stock, $1.00 par value 3,306 $175.43 $580K
Sale Common Stock, $1.00 par value 818 $176.323 $144K
Sale Common Stock, $1.00 par value 316 $177.5622 $56K
Sale Common Stock, $1.00 par value 340 $178.5967 $61K
Sale Common Stock, $1.00 par value 574 $179.7487 $103K
Sale Common Stock, $1.00 par value 889 $180.3407 $160K
Sale Common Stock, $1.00 par value 1,099 $181.4119 $199K
Sale Common Stock, $1.00 par value 650 $182.2693 $118K
Sale Common Stock, $1.00 par value 100 $183.0372 $18K
Sale Common Stock, $1.00 par value 2,052 $181.7531 $373K
Sale Common Stock, $1.00 par value 6,950 $182.4763 $1.27M
Sale Common Stock, $1.00 par value 992 $183.427 $182K
Sale Common Stock, $1.00 par value 6 $184.1294 $1K
Sale Common Stock, $1.00 par value 715 $178.405 $128K
Sale Common Stock, $1.00 par value 1,521 $179.414 $273K
Sale Common Stock, $1.00 par value 3,015 $180.6695 $545K
Sale Common Stock, $1.00 par value 4,749 $181.2684 $861K
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 — 1,406,119 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 (22)
  1. F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $178.1498 to $178.9875, 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.
  2. F2. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $179.0293 to $179.9800, 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.
  3. F3. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.0800 to $180.9900, 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.
  4. F4. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0024 to $181.9464, 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.
  5. F5. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.2600 to $181.9998, 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.
  6. F6. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0270 to $182.9979, 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.
  7. F7. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $183.0098 to $183.9963, 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.
  8. F8. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $184.0408 to $184.2273, 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.
  9. F9. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.5630 to $172.8968, 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.
  10. F10. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0424 to $173.9970, 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.
  11. F11. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.1514 to $174.9995, 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.
  12. F12. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.0877 to $175.9947, 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.
  13. F13. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.0506 to $176.9712, 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.
  14. F14. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.2329 to $177.9873, 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.
  15. F15. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $178.1813 to $178.9352, 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.
  16. F16. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $179.0689 to $179.9729, 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.
  17. F17. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.0030 to $180.6516, 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.
  18. F18. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0000 to $181.9970, 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.
  19. F19. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0500 to $182.8599, 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.
  20. F20. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
  21. F21. 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.
  22. F22. The conversion price is the market price of the Common Stock on the previous business day.
Shares sold 30,000 shares Total common stock sold in open-market transactions on June 16–17, 2026
Price range $172.5630–$184.2273 per share Weighted average price ranges from footnotes for reported sales
Common shares held 1,415,627 shares Common stock directly owned after reported transactions
Class B shares held 54,612,012 shares Class B common stock, convertible share-for-share into common stock
Net share direction -30,000 shares Net-sell common stock activity in transaction summary
Highest reported sale price $184.2273 per share Upper end of disclosed weighted average range in a footnote
Lowest reported sale price $172.5630 per share Lower end of disclosed weighted average range in a footnote
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 into common stock..."
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.
underlying security financial
"underlying_security_title": "Common Stock, $1.00 par value""
convertible share-for-share financial
"Class B common stock, $1.00 par value convertible share-for-share into common stock..."
Milton Hershey School Trust financial
"Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee..."

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 30,000 shares of The Hershey Company common stock in open‑market transactions. The sales occurred over June 16–17, 2026 at various weighted average prices.

How many Hershey (HSY) shares did Hershey Trust Company sell and at what prices?
The trust sold 30,000 Hershey common shares across multiple trades. Weighted average prices disclosed in the filing range from about $172.5630 to $184.2273 per share, with detailed trade‑level prices available from the reporting person on request.

How many Hershey common shares does the trust still hold after these sales?
After the reported transactions, the trust holds 1,415,627 shares of The Hershey Company common stock directly. This figure comes from the post‑transaction ownership totals shown for the non‑derivative common stock position in the Form 4 data.

What is the significance of the Class B Common Stock held by the Hershey Trust?
The filing shows 54,612,012 shares of Class B common stock, $1.00 par value, held directly. These shares are convertible share‑for‑share into common stock at any time without an expiration date, providing substantial potential common equity exposure.

Who is the reporting person in this Hershey (HSY) Form 4 filing?
The reporting person is Hershey Trust Company, trustee in trust for Milton Hershey School. A footnote explains that Hershey Trust Company is wholly owned by Milton Hershey School Trust and acts as trustee for that trust.

Were the Hershey Trust Company share sales single trades or multiple transactions?
They were multiple transactions. Footnotes state the reported prices are weighted averages, with individual trades executed within specified price ranges, and the trust offers to provide detailed trade‑level information upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
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Accepted by SEC EDGAR
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
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*
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
(Last)(First)(Middle)
1 EAST CHOCOLATE AVENUE
SUITE 400
(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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, $1.00 par value06/15/2026S715D$178.405(1)1,435,404D
Common Stock, $1.00 par value06/15/2026S1,521D$179.414(2)1,433,883D
Common Stock, $1.00 par value06/15/2026S3,015D$180.6695(3)1,430,868D
Common Stock, $1.00 par value06/15/2026S4,749D$181.2684(4)1,426,119D
Common Stock, $1.00 par value06/16/2026S2,052D$181.7531(5)1,424,067D
Common Stock, $1.00 par value06/16/2026S6,950D$182.4763(6)1,417,117D
Common Stock, $1.00 par value06/16/2026S992D$183.427(7)1,416,125D
Common Stock, $1.00 par value06/16/2026S6D$184.1294(8)1,416,119D
Common Stock, $1.00 par value06/17/2026S492D$172.7462(9)1,415,627D
Common Stock, $1.00 par value06/17/2026S574D$173.505(10)1,415,053D
Common Stock, $1.00 par value06/17/2026S842D$174.7071(11)1,414,211D
Common Stock, $1.00 par value06/17/2026S3,306D$175.43(12)1,410,905D
Common Stock, $1.00 par value06/17/2026S818D$176.323(13)1,410,087D
Common Stock, $1.00 par value06/17/2026S316D$177.5622(14)1,409,771D
Common Stock, $1.00 par value06/17/2026S340D$178.5967(15)1,409,431D
Common Stock, $1.00 par value06/17/2026S574D$179.7487(16)1,408,857D
Common Stock, $1.00 par value06/17/2026S889D$180.3407(17)1,407,968D
Common Stock, $1.00 par value06/17/2026S1,099D$181.4119(18)1,406,869D
Common Stock, $1.00 par value06/17/2026S650D$182.2693(19)1,406,219D
Common Stock, $1.00 par value06/17/2026S100D$183.03721,406,119D
Common Stock, $1.00 par value39,630IBy Hershey Trust Company(20)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock, $1.00 par value(22) (21) (21)Common Stock, $1.00 par value54,612,01254,612,012D
Explanation of Responses:
1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $178.1498 to $178.9875, 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.
2. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $179.0293 to $179.9800, 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.
3. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.0800 to $180.9900, 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.
4. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0024 to $181.9464, 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.
5. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.2600 to $181.9998, 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.
6. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0270 to $182.9979, 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.
7. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $183.0098 to $183.9963, 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.
8. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $184.0408 to $184.2273, 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.
9. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.5630 to $172.8968, 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.
10. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0424 to $173.9970, 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.
11. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.1514 to $174.9995, 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.
12. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.0877 to $175.9947, 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.
13. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.0506 to $176.9712, 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.
14. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.2329 to $177.9873, 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.
15. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $178.1813 to $178.9352, 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.
16. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $179.0689 to $179.9729, 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.
17. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.0030 to $180.6516, 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.
18. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0000 to $181.9970, 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.
19. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0500 to $182.8599, 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.
20. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
21. 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.
22. The conversion price is the market price of the Common Stock on the previous business day.
/s/ Joshua D. Shannon, Deputy CIO06/17/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

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