[Form 4] HERSHEY CO Insider Trading Activity

Rhea-AI Filing Summary

The filing shows that director Mary Kay Haben (address listed) reported an acquisition of 225.07 shares of HERSHEY CO (HSY) on 10/01/2025 at a reported price of $0. After the transaction, she beneficially owned 16,945.894 shares. The filing notes that 122.546 of the directly owned shares were acquired earlier on 09/15/2025 through a dividend reinvestment feature of the Company’s Directors' Compensation Plan. The Form 4 was signed by an agent on behalf of the reporting person on 10/03/2025.

Positive

• Reported acquisition increases director stake to 16,945.894 shares
• Dividend reinvestment added 122.546 shares under the Directors' Compensation Plan

Negative

• None.

Insights

Corporate Governance Analyst

Director reported a small, zero-price acquisition, raising total holdings to 16,945.894 shares.

The report documents a purchase of 225.07 shares on 10/01/2025 recorded at a price of $0, which typically indicates a non‑cash award or plan issuance rather than an open‑market cash purchase. The filing also clarifies 122.546 shares were added via dividend reinvestment on 09/15/2025. The disclosure was made on Form 4 and signed by an authorized agent on 10/03/2025.

This is a routine insider disclosure of ownership changes by a director and provides transparency about director holdings without revealing trading intent.

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

OMB APPROVAL

OMB Number:			3235-0287
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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).

1. Name and Address of Reporting Person^*

HABEN MARY KAY

(Last) (First) (Middle)

19 E. CHOCOLATE AVENUE

(Street)

HERSHEY PA 17033

(City) (State) (Zip)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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

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

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

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	10/01/2025		A		225.07	A	$0	16,945.894	D(1)

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:

1. The total amount of securities reported as directly owned in Column 5 includes 122.546 shares acquired on September 15, 2025, pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan, the provisions of which are substantially similar to the dividend reinvestment features of the broad-based dividend reinvestment plan available generally to Company stockholders.

	/s/ Kathleen S. Purcell, Agent for Mary Kay Haben	10/03/2025
	** 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.

FAQ

What transaction did Mary Kay Haben report on Form 4 for HSY?

The Form 4 reports an acquisition of 225.07 shares of HERSHEY CO (HSY) on 10/01/2025 recorded at a price of $0.

How many HSY shares does the reporting director beneficially own after the transaction?

After the reported transaction, the director beneficially owns 16,945.894 shares.

Were any shares acquired through dividend reinvestment?

Yes, 122.546 shares were acquired on 09/15/2025 via the Directors' Compensation Plan's dividend reinvestment feature.

When was the Form 4 signed and filed?

The Form 4 was signed by an agent for the reporting person on 10/03/2025.

Does the filing show a cash purchase price for the 225.07 shares?

The filing lists the price for the 225.07 shares as $0.