SEC Form 4 · accession 0000950142-26-002578

HERSHEY CO · HSY

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL

10% Owner

Period of report

Sep 21, 2026

Accepted (ET)

Sep 23, 2026 · 4:55 pm EDT

Rule 10b5-1 plan

yes — trade under a plan

Issuer CIK

0000047111

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, $1.00 par value^F1	Sep 21, 2026	S	6,432	$167.6639	D	759,687	D
Common Stock, $1.00 par value^F2	Sep 21, 2026	S	2,638	$168.3943	D	757,049	D
Common Stock, $1.00 par value^F3	Sep 21, 2026	S	730	$169.1868	D	756,319	D
Common Stock, $1.00 par value^F4	Sep 21, 2026	S	200	$170.0975	D	756,119	D
Common Stock, $1.00 par value^F5	Sep 22, 2026	S	7,662	$168.5515	D	748,457	D
Common Stock, $1.00 par value^F6	Sep 22, 2026	S	2,338	$169.1288	D	746,119	D
Common Stock, $1.00 par value^F7	Sep 23, 2026	S	1,296	$167.8093	D	744,823	D
Common Stock, $1.00 par value^F8	Sep 23, 2026	S	7,121	$168.4906	D	737,702	D
Common Stock, $1.00 par value^F9	Sep 23, 2026	S	1,583	$169.1966	D	736,119	D
Common Stock, $1.00 par value^F10	holding	—	—		—	39,630	I	By Hershey Trust Company

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock, $1.00 par value^F12,F11	—	holding	—	—	—	—	—	Common Stock, $1.00 par value	54,612,012	54,612,012	D

Explanation of responses

F1The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $167.1750 to $167.9986, 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.
F10Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
F11All 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.
F12The conversion price is the market price of the Common Stock on the previous business day.
F2The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $168.0000 to $168.9963, 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.
F3The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $169.0021 to $169.9880, 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.
F4The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.0000 to $170.2799, 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.
F5The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $168.0800 to $168.9956, 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.
F6The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $169.0000 to $169.5000, 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.
F7The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $167.5253 to $167.9990, 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.
F8The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $168.0003 to $168.9964, 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.
F9The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $169.0003 to $169.6374, 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.