Hershey Trust Co Sells 20,000 Shares of Hershey Co Under Rule 10b5-1

Insider Transaction Overview

On October 8 and 9, 2026, Hershey Trust Co Trustee In Trust For Milton Hershey School, a 10% beneficial owner of The Hershey Company (NYSE: HSY), executed sales totaling 20,000 shares of common stock at a weighted average price of approximately $162.36 per share, generating gross proceeds of approximately $3,247,111.

Transaction Breakdown

• October 8, 2026:
  • 153 shares at a weighted average price of $160.8582
  • 1,350 shares at a weighted average price of $161.5262
  • 7,434 shares at a weighted average price of $162.5147
  • 1,063 shares at a weighted average price of $163.1459
• October 9, 2026:
  • 1,924 shares at a weighted average price of $161.7262
  • 8,075 shares at a weighted average price of $162.4219
  • 1 share at $163.0492

Ownership Context and Market Impact

• Rule 10b5-1 Plan: The filing confirms the trades were executed under a pre-established Rule 10b5-1 trading plan.
• Remaining Holdings: Following these transactions, the Trust directly holds 616,119 shares of Common Stock, indirectly holds 39,630 shares via Hershey Trust Company, and retains 54,612,012 shares of Class B Common Stock (convertible 1-for-1 into Common Stock).
• Significance: Low. The 20,000 shares sold represent less than 0.04% of the Trust's total equity exposure to Hershey, reflecting routine portfolio management/liquidity under a scheduled trading plan rather than an operational or directional sentiment signal.