HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL - 09 Nov 2026 Form 4 Insider Report for HERSHEY CO (HSY)

Reporting relationship: 10%+ Owner
Issuer ticker: HSY
Reported as of: 09 Nov 2026
Net transaction value: -$5,200,125
SEC form: 4
Accepted by SEC: 12 Nov 2026, 16:05:37 UTC
Prior SEC filing: 09 Nov 2026
Source filing: View source filing
Reporting owner signature: /s/ Muzzamil Mussani, VP, Investment Operations and Portfolio Analytics

Filing notes and source

Key filing fact

HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL filed Form 4 for HERSHEY CO (HSY) on 12 Nov 2026.

Key facts

This page summarizes HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL's Form 4 filing for HERSHEY CO (HSY).
16 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Nov 2026, 16:05.

Change

Previous filing in this sequence was filed on 09 Nov 2026.
Current net transaction value: -$5,200,125.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0000938543 Primary reporting owner

HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL

Relationship: 10%+ Owner
Address: 1 EAST CHOCOLATE AVENUE, SUITE 400, HERSHEY
Signature: /s/ Muzzamil Mussani, VP, Investment Operations and Portfolio Analytics
Signature date: 12 Nov 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$319,013
Shares: -1,869
Change %: -0.45%
Price: $170.69
Shares after: 414,250
Date: 09 Nov 2026
Ownership: Direct
Footnotes: F1

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$197,640
Shares: -1,153
Change %: -0.28%
Price: $171.41
Shares after: 413,097
Date: 09 Nov 2026
Ownership: Direct
Footnotes: F2

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$194,783
Shares: -1,127
Change %: -0.27%
Price: $172.83
Shares after: 411,970
Date: 09 Nov 2026
Ownership: Direct
Footnotes: F3

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$887,946
Shares: -5,122
Change %: -1.2%
Price: $173.36
Shares after: 406,848
Date: 09 Nov 2026
Ownership: Direct
Footnotes: F4

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$75,607
Shares: -434
Change %: -0.11%
Price: $174.21
Shares after: 406,414
Date: 09 Nov 2026
Ownership: Direct
Footnotes: F5

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$30,963
Shares: -176
Change %: -0.04%
Price: $175.92
Shares after: 406,238
Date: 09 Nov 2026
Ownership: Direct
Footnotes: F6

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$21,051
Shares: -119
Change %: -0.03%
Price: $176.90
Shares after: 406,119
Date: 09 Nov 2026
Ownership: Direct

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$705,548
Shares: -4,112
Change %: -1%
Price: $171.58
Shares after: 402,007
Date: 10 Nov 2026
Ownership: Direct
Footnotes: F7

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$443,218
Shares: -2,572
Change %: -0.64%
Price: $172.32
Shares after: 399,435
Date: 10 Nov 2026
Ownership: Direct
Footnotes: F8

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$576,072
Shares: -3,316
Change %: -0.83%
Price: $173.72
Shares after: 396,119
Date: 10 Nov 2026
Ownership: Direct
Footnotes: F9

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$15,099
Shares: -88
Change %: -0.02%
Price: $171.58
Shares after: 396,031
Date: 11 Nov 2026
Ownership: Direct

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$55,241
Shares: -320
Change %: -0.08%
Price: $172.63
Shares after: 395,711
Date: 11 Nov 2026
Ownership: Direct
Footnotes: F10

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$291,900
Shares: -1,680
Change %: -0.42%
Price: $173.75
Shares after: 394,031
Date: 11 Nov 2026
Ownership: Direct
Footnotes: F11

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$667,671
Shares: -3,828
Change %: -0.97%
Price: $174.42
Shares after: 390,203
Date: 11 Nov 2026
Ownership: Direct
Footnotes: F12

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$381,306
Shares: -2,173
Change %: -0.56%
Price: $175.47
Shares after: 388,030
Date: 11 Nov 2026
Ownership: Direct
Footnotes: F13

HSY transaction

Common Stock, $1.00 par value

Sale

Transaction value: -$337,068
Shares: -1,911
Change %: -0.49%
Price: $176.38
Shares after: 386,119
Date: 11 Nov 2026
Ownership: Direct
Footnotes: F14

HSY holding

Common Stock, $1.00 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 39,630
Date: 09 Nov 2026
Ownership: By Hershey Trust Company
Footnotes: F15

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HSY holding Derivative

Class B Common Stock, $1.00 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 54,612,012
Date: 09 Nov 2026
Ownership: Direct
Underlying class: Common Stock, $1.00 par value
Underlying amount: 54,612,012
Exercise price
Footnotes: F16, F17

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 17 footnotes

Footnote F1

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.0026 to $170.9998, 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.

Footnote F2

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $171.0048 to $171.9635, 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.

Footnote F3

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.2564 to $172.9857, 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.

Footnote F4

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0054 to $173.9759, 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.

Footnote F5

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.0005 to $174.9604, 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.

Footnote F6

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.0842 to $175.9900, 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.

Footnote F7

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $171.0000 to $171.9984, 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.

Footnote F8

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.0000 to $172.9808, 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.

Footnote F9

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0330 to $173.9800, 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.

Footnote F10

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.4300 to $172.8500, 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.

Footnote F11

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.3000 to $173.9738, 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.

Footnote F12

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.0326 to $174.9828, 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.

Footnote F13

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.0828 to $175.9800, 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.

Footnote F14

The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.0000 to $176.4300, 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.

Footnote F15

Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.

Footnote F16

All 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.

Footnote F17

The conversion price is the market price of the Common Stock on the previous business day.