Hershey Trust (HSY) trims stake with 20,000-share stock sale
Filing Impact
Filing Sentiment
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 took place on June 4–5, 2026 at weighted average prices between about $180.22 and $187.47 per share.
After these transactions, the reporting person held 1,486,119 shares of Hershey common stock directly and 39,630 shares indirectly through Hershey Trust Company. It also continued to hold 54,612,012 shares of Class B common stock, which are convertible share‑for‑share into common stock without an expiration date.
Positive
- None.
Negative
- None.
Insights
Large holder sells 20,000 HSY shares; overall position remains sizable.
The reporting person, a ten percent owner, executed open‑market sales of 20,000 Hershey common shares over June 4–5, 2026, at weighted average prices roughly between $180 and $187. These are straightforward S‑code transactions, signaling discretionary selling activity.
Post‑trade, it still holds 1,486,119 common shares directly, plus 39,630 shares indirectly, and a very large derivative position of 54,612,012 Class B shares convertible into common. Given the scale of the remaining holdings, this appears as a modest trim rather than a major repositioning.
Footnotes indicate prices are weighted averages across multiple trades within each range, and Class B shares are convertible share‑for‑share into common stock with no expiration date. Subsequent filings may provide further context if this selling pattern continues or accelerates.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($3,674,722)
Net Sell
13 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
null
Sold
20,000 shs ($3.67M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 242 | $183.7699 | $44K |
| Sale | Common Stock, $1.00 par value | 5,055 | $184.5232 | $933K |
| Sale | Common Stock, $1.00 par value | 2,982 | $185.4145 | $553K |
| Sale | Common Stock, $1.00 par value | 1,240 | $186.3233 | $231K |
| Sale | Common Stock, $1.00 par value | 481 | $187.2494 | $90K |
| Sale | Common Stock, $1.00 par value | 2,309 | $180.7063 | $417K |
| Sale | Common Stock, $1.00 par value | 1,458 | $181.4861 | $265K |
| Sale | Common Stock, $1.00 par value | 3,527 | $182.6368 | $644K |
| Sale | Common Stock, $1.00 par value | 1,774 | $183.449 | $325K |
| Sale | Common Stock, $1.00 par value | 821 | $184.4117 | $151K |
| Sale | Common Stock, $1.00 par value | 111 | $185.7005 | $21K |
| 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 — 1,495,877 shares (Direct, null);
Class B Common Stock, $1.00 par value — 54,612,012 shares (Direct, null);
Common Stock, $1.00 par value — 39,630 shares (Indirect, By Hershey Trust Company)
Footnotes (1)
- The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.2171 to 180.9977, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0077 to $181.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0200 to $182.9840, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $183.0030 to $183.9961, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $184.0143 to $184.9616, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $185.6977 to $185.7113, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $183.4276 to $183.9563, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $184.0058 to $184.9926, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $185.0013 to $185.9983, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $186.0000 to $186.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $187.0100 to $187.4700, 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. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust. 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. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Common shares sold: 20,000 shares
Sale price range: $180.22–$187.47 per share
Direct common shares after trades: 1,486,119 shares
+3 more
6 metrics
Common shares sold
20,000 shares
Open-market sales on June 4–5, 2026
Sale price range
$180.22–$187.47 per share
Weighted average prices from trade footnotes
Direct common shares after trades
1,486,119 shares
Common stock held directly following transactions
Indirect common holdings
39,630 shares
Common stock held indirectly by Hershey Trust Company
Class B convertible shares
54,612,012 shares
Class B common stock convertible share-for-share into common
Net share direction
-20,000 shares
Net-sell across reported buy/sell activity
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""
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
What did Hershey Trust Company report in this HSY Form 4?
Hershey Trust Company, as trustee for the Milton Hershey School, reported open-market sales of 20,000 Hershey common shares. The sales occurred over June 4–5, 2026, at weighted average prices in the $180–$187 range per share.
What is the significance of the Class B common stock in this HSY filing?
The trust owns 54,612,012 shares of Class B common stock, each convertible share-for-share into Hershey common stock. Footnotes state conversion requires no additional payment, uses the market price, and has no expiration date, representing a substantial potential common-equity position.