HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 4

What Happened

• Hershey Trust Company, as trustee in trust for the Milton Hershey School (a reported 10% owner), sold a total of 30,000 shares of The Hershey Company (HSY) common stock in open-market transactions between March 30 and April 1, 2026. The sales were executed in blocks of 10,000 shares each day (Mar 30, Mar 31, Apr 1).
• The transactions generated aggregate proceeds of roughly $6.26 million. Reported per-share prices (weighted averages) ranged roughly from about $200.6 to $215.1 per share across the sales.

Key Details

• Dates and per-day activity:
  • Mar 30, 2026: 10,000 shares sold — ≈ $2.137M proceeds
  • Mar 31, 2026: 10,000 shares sold — ≈ $2.087M proceeds
  • Apr 01, 2026: 10,000 shares sold — ≈ $2.034M proceeds
• Price detail: weighted-average prices reported for individual blocks; footnotes list transaction-level price ranges (see filing). Overall range roughly $200.61–$215.10.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes: multiple footnotes (F1–F22) state that reported prices are weighted averages and provide per-block price ranges; F23 clarifies Hershey Trust Co. is trustee for the Milton Hershey School Trust; F24–F25 note conversion mechanics for Class B shares (if relevant).
• Timeliness: Form 4 was filed April 1, 2026. Given the trade dates (Mar 30–Apr 1), the filing appears to have been made within the standard Form 4 reporting window (two business days).

Context

• This filing reflects institutional trading by a 10% owner/trustee (not an individual executive). Such sales are often related to trust liquidity or portfolio management and are not the same signal as a purchase by an executive. The filing is factual and does not disclose the trust’s motive.