# EDGAR Filing Document

**Accession Number:** 0000938543
**File Stem:** 0000950142-26-001262
**Filing Date:** 2026-5
**Character Count:** 13603
**Document Hash:** d4745d093be96bba6aca318e4faeed2d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950142-26-001262.hdr.sgml**: 20260504

**ACCESSION NUMBER**: 0000950142-26-001262

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260504

**DATE AS OF CHANGE**: 20260504

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
- **CENTRAL INDEX KEY:** 0000938543

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** PA

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-00183
- **FILM NUMBER:** 26937353

**BUSINESS ADDRESS:**
- **STREET 1:** 1 EAST CHOCOLATE AVENUE
- **STREET 2:** SUITE 400
- **CITY:** HERSHEY
- **STATE:** PA
- **ZIP:** 17033
- **BUSINESS PHONE:** 717-520-1100

**MAIL ADDRESS:**
- **STREET 1:** 1 EAST CHOCOLATE AVENUE
- **STREET 2:** SUITE 400
- **CITY:** HERSHEY
- **STATE:** PA
- **ZIP:** 17033
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HERSHEY CO
- **CENTRAL INDEX KEY:** 0000047111
- **STANDARD INDUSTRIAL CLASSIFICATION:** SUGAR & CONFECTIONERY PRODUCTS [2060]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 230691590
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 19 EAST CHOCOLATE AVENUE
- **STREET 2:** EXTERNAL RPTG & COMPLIANCE
- **CITY:** HERSHEY
- **STATE:** PA
- **ZIP:** 17033
- **BUSINESS PHONE:** 7175344200

**MAIL ADDRESS:**
- **STREET 1:** 19 EAST CHOCOLATE AVENUE
- **STREET 2:** EXTERNAL RPTG & COMPLIANCE
- **CITY:** HERSHEY
- **STATE:** PA
- **ZIP:** 17033

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HERSHEY FOODS CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HERSHEY CHOCOLATE CORP
- **DATE OF NAME CHANGE:** 19680401

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[x] 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**<sup>*</sup><br>HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL<br><sub>(Last) (First) (Middle)</sub><br>1 EAST CHOCOLATE AVENUE<br>SUITE 400<br><sub>(Street)</sub><br>HERSHEY, PA 17033<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-04-30 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>HERSHEY CO [ HSY ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock, $1.00 par value | 2026-04-30 |  | S |  | 200 | D | 182.3150<sup>(1)</sup> | 1745919 | D |  |
| Common Stock, $1.00 par value | 2026-04-30 |  | S |  | 975 | D | 183.6077<sup>(2)</sup> | 1744944 | D |  |
| Common Stock, $1.00 par value | 2026-04-30 |  | S |  | 1725 | D | 184.6151<sup>(3)</sup> | 1743219 | D |  |
| Common Stock, $1.00 par value | 2026-04-30 |  | S |  | 4700 | D | 185.5430<sup>(4)</sup> | 1738519 | D |  |
| Common Stock, $1.00 par value | 2026-04-30 |  | S |  | 2400 | D | 186.4267<sup>(5)</sup> | 1736119 | D |  |
| Common Stock, $1.00 par value | 2026-05-01 |  | S |  | 422 | D | 180.5913<sup>(6)</sup> | 1735697 | D |  |
| Common Stock, $1.00 par value | 2026-05-01 |  | S |  | 1691 | D | 181.6821<sup>(7)</sup> | 1734006 | D |  |
| Common Stock, $1.00 par value | 2026-05-01 |  | S |  | 4266 | D | 182.4273<sup>(8)</sup> | 1729740 | D |  |
| Common Stock, $1.00 par value | 2026-05-01 |  | S |  | 1692 | D | 183.4028<sup>(9)</sup> | 1728048 | D |  |
| Common Stock, $1.00 par value | 2026-05-01 |  | S |  | 1104 | D | 184.3753<sup>(10)</sup> | 1726944 | D |  |
| Common Stock, $1.00 par value | 2026-05-01 |  | S |  | 76 | D | 185.4919<sup>(11)</sup> | 1726868 | D |  |
| Common Stock, $1.00 par value | 2026-05-01 |  | S |  | 749 | D | 186.5262<sup>(12)</sup> | 1726119 | D |  |
| Common Stock, $1.00 par value |  |  |  |  |  |  |  | 39630 | I | By Hershey Trust Company<sup>(13)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class B Common Stock, $1.00 par value | <sup>(15)</sup> |  |  |  |  |  |  | <sup>(14)</sup> | <sup>(14)</sup> | Common Stock, $1.00 par value | 54612012 |  | 54612012 | D |  |

---

### Footnotes:

(1) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0600 to $182.5700, 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.

(2) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $183.0800 to $183.9800, 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.

(3) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $184.0400 to $184.9950, 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.

(4) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $185.0700 to $185.8500, 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.

(5) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $186.0100 to $186.8400, 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.

(6) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.3167 to $180.9989, 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.

(7) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0449 to $181.9991, 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.

(8) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0011 to $182.9902, 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.

(9) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $183.0088 to $183.9870, 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.

(10) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $184.0262 to $184.9487, 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.

(11) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $185.3212 to $185.9749, 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.

(12) The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $186.0044 to $186.9200, 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.

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

(14) 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.

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

**Signature:** /s/ Joshua D. Shannon, Deputy CIO  
**Date:** 2026-05-04

### Remarks:

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.**