HERSHEY CO 4

Hershey Trust Co., as trustee for Milton Hershey School, sold 20,000 shares of Hershey Co. (HSY) common stock in the open market on July 23–24, 2026, for about $3.46 million in total proceeds.

On July 23–24, 2026, Hershey Trust Co., acting as trustee in trust for Milton Hershey School, reported a series of open-market sales of The Hershey Company common stock, disposing of an aggregate 20,000 shares at weighted-average prices between approximately $169.77 and $175.25 per share. The transactions were executed in multiple tranches across the two days and are disclosed as discretionary sales (“S”) from direct ownership, reducing the trust’s directly held common stock position from 1,174,853 shares prior to these trades to 1,156,119 shares afterward. In addition to this direct common stock position, the reporting person notes indirect ownership of 39,630 shares of Hershey common stock held “By Hershey Trust Company” and a substantial position of 54,612,012 shares of Class B common stock, which is convertible into common stock on a share-for-share basis at the prevailing market price without an expiration date, underscoring that the trust remains a very large and controlling shareholder despite the sale. Based on per-share prices disclosed in the Form 4 and the provided market snapshot, the total value of the sold shares was approximately $3.46 million, and the remaining directly held common stock stake alone is worth about $208.3 million, with the convertible Class B holdings representing roughly $9.84 billion at current market prices, highlighting that these trades are a relatively small portfolio adjustment by a major institutional insider rather than a significant reduction of control.

Filing Facts

CIK

47111

Ticker

HSY

Form

4

Source Type

sec

Accession

0000950142-26-002166

Alert Tier

7