[Form 4] The Hershey Company Insider Trading Activity

Rhea-AI Filing Summary

Momentus Inc. (MNTS) – Form 4 insider transaction

On 06/30/2025, Chief Technology Officer Robert E. Schwarz received an equity award of 44,809 Restricted Stock Units (RSUs), each convertible into one share of Momentus Class A common stock. The RSUs were granted at no cost (exercise price $0) and vest in three equal annual installments, contingent on Mr. Schwarz’s continued employment. Following the grant, the executive’s beneficial ownership stands at 44,809 derivative securities, reported as directly held. No open-market purchases, sales, or cash transactions were disclosed, and no non-derivative holdings were reported on the filing.

The filing is a routine compensation-related issuance intended to incentivize and retain key leadership. Given the relatively small share count versus Momentus’s total shares outstanding, the grant is unlikely to have a material dilutive impact for common shareholders.

Positive

• Management alignment: Multi-year RSU grant ties CTO compensation to future share performance.
• Retention mechanism: Three-year vesting encourages leadership continuity.

Negative

• None.

Insights

Equity Compensation Analyst

TL;DR: CTO awarded 44.8k RSUs; routine retention grant with negligible dilution.

The Form 4 shows a standard service-based RSU grant to Momentus’s CTO, aligning management incentives with shareholder value. Vesting over three years encourages leadership stability during the company’s commercialization phase. With fewer than 45k shares at stake, the award represents a fraction of one percent of the company’s float, so dilution risk is immaterial. No cash outlay or sales occurred, keeping insider sentiment neutral. Overall impact on valuation or governance is limited.

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
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).

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^*

OZAN KEVIN M

(Last) (First) (Middle)

19 E. CHOCOLATE AVENUE, HERSHEY, PA 1703

(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)
07/01/2025

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	07/01/2025		A		241.738	A	$0	1,355.387	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 8.882 shares acquired on June 16, 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 Kevin M. Ozan	07/03/2025
	** 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

How many RSUs did Momentus (MNTS) grant to its CTO?

The filing reports 44,809 Restricted Stock Units granted on 06/30/2025.

What is the vesting schedule for the new MNTS RSU award?

The RSUs vest in three equal annual installments, subject to continued employment.

Did the CTO of Momentus buy or sell any shares in the open market?

No. The Form 4 only discloses a grant of RSUs; there were no open-market purchases or sales.

What is the exercise or conversion price of the RSUs reported on the Form 4?

The RSUs have a $0 exercise price because they convert one-for-one into common shares upon vesting.

How many derivative securities does the CTO now beneficially own after this transaction?

Following the grant, the CTO beneficially owns 44,809 derivative securities (RSUs).