[Form 4] The Hershey Company Insider Trading Activity

Rhea-AI Filing Summary

Hershey Company (HSY) insider purchase by SVP & CHRO: Natalie Schechtman, identified as an officer (SVP and CHRO), reported acquiring 1,067 shares of Hershey common stock on 08/18/2025 at a price of $178.40 per share. Following the transaction she beneficially owns 1,067 shares in a direct ownership form. The Form 4 was signed on behalf of Ms. Schechtman by an agent on 08/20/2025. The filing does not disclose any derivative transactions, plan-based directives, or additional holdings beyond the single non-derivative purchase reported.

Positive

• Insider purchase disclosed: The reporting officer acquired shares, which is a transparent, affirmative equity purchase reported on Form 4.
• Complete non-derivative disclosure: Transaction date, price, amount, and post-transaction ownership are all provided, meeting Section 16 reporting standards.

Negative

• None.

Insights

Securities Analyst

TL;DR: A routine, modest insider purchase by an officer; limited market impact given the small size disclosed.

The reported purchase is a straightforward non-derivative acquisition of 1,067 shares at $178.40 each by the company's SVP and CHRO. For a large-cap issuer like Hershey, this quantity is unlikely to be material to outstanding share count or signal a firm-wide change in financial outlook. The filing contains no indications of a Rule 10b5-1 plan, exercised options, or dispositions that would alter interpretation. Documentation appears complete for this single transaction.

Corporate Governance Expert

TL;DR: Governance disclosure is compliant and clear; transaction shows direct ownership but is not a material governance event.

The Form 4 identifies the reporting person, role (SVP and CHRO), transaction date, share amount, price, and post-transaction direct ownership, meeting SEC disclosure requirements for Section 16 insiders. There are no related-party transfers, derivative activities, or indications of coordinated filings. This is a routine insider reporting event and does not reflect a change in board composition or executive status.

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^*

Schechtman Natalie

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		A		1,067	A	$178.4	1,067	D

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:

	/s/ Shayon T. Smith, Agent for Natalie Schechtman	08/20/2025
	** 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 HSY insider Natalie Schechtman report?

She reported a non-derivative acquisition of 1,067 shares of Hershey common stock.

When was the transaction for HSY reported on the Form 4?

The transaction date is 08/18/2025, and the Form 4 was signed by an agent on 08/20/2025.

At what price were the HSY shares purchased?

The reported purchase price was $178.40 per share.

How many HSY shares does Natalie Schechtman own after the reported transaction?

Following the purchase she beneficially owns 1,067 shares in a direct ownership form.

Does the Form 4 disclose any derivative transactions or dispositions?

No. The filing shows only a single non-derivative acquisition and discloses no derivative activity or dispositions.