[Form 4] The Hershey Company Insider Trading Activity

Rhea-AI Filing Summary

The Hershey Company (HSY) insider purchased 45,860 shares on 08/18/2025 at $178.40 per share. The reporting person is Tanner Kirk, who is listed as President and CEO and a director. Following the transaction, Tanner Kirk beneficially owns 45,860 shares directly. The Form 4 was signed by an agent on 08/20/2025 and contains no derivative transactions or additional explanations.

Positive

• Insider purchase disclosed: 45,860 shares acquired at $178.40 on 08/18/2025
• Buyer is CEO and director: Tanner Kirk listed as President and CEO and a director, indicating executive-level participation

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: CEO/director reported a direct purchase of 45,860 shares at $178.40, a clear insider buy signal.

The filing documents a single non-derivative acquisition by Tanner Kirk, identified as President and CEO and a director, of 45,860 shares at $178.40 on 08/18/2025. The purchase was reported on Form 4 and the filing shows direct ownership only, with no options, grants, or dispositions disclosed. From a governance perspective, insider purchases by top executives can signal alignment with shareholders, but the form contains no additional context such as whether this was under a Rule 10b5-1 plan.

Securities Analyst

TL;DR: Materiality is limited to the share count and price; no derivatives or plan details were disclosed.

The transaction increases the reporting persons direct beneficial ownership by 45,860 shares at $178.40 each. The report does not list prior holdings or percentage ownership, so the absolute market value of the purchase can be calculated from the disclosed numbers but relative stake is not provided. No derivative positions or other transactions are reported on this Form 4.

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^*

Tanner Kirk

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

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		45,860	A	$178.4	45,860	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/ Kathleen S. Purcell, Agent for Kirk Tanner	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 did Tanner Kirk report on the HSY Form 4?

The Form 4 reports a direct acquisition of 45,860 shares of Hershey (HSY) at $178.40 per share on 08/18/2025.

What role does the reporting person hold at HSY?

The filing lists the reporting person, Tanner Kirk, as President and CEO and a director of The Hershey Company.

Were any derivative securities reported on this Form 4?

No. The Form 4 discloses a non-derivative acquisition only and shows no derivative transactions in Table II.

When was the transaction and when was the Form 4 signed?

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

How many shares does Tanner Kirk own after the reported transaction?

Following the reported transaction, Tanner Kirk beneficially owns 45,860 shares directly.