HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 4

What Happened

• Hershey Trust Company, as trustee for the Milton Hershey School Trust (a >10% holder), sold a total of 20,000 shares of The Hershey Company (HSY) in open-market transactions on April 9 and April 10, 2026. The sales generated aggregate proceeds of approximately $4,149,204 — roughly $207.46 per share on average. Individual lots were sold at various prices (roughly $202.27–$210.84 per share) across multiple trades and price ranges as detailed in the filing.

Key Details

• Transaction type: Open-market sales (S).
• Dates: April 9–10, 2026 (filed with the SEC on April 13, 2026).
• Total shares sold: 20,000; total proceeds: ~$4,149,204; weighted average ~ $207.46/share.
• Notable footnotes: Several lots report weighted-average price ranges (see filing footnotes F1–F11). F12 confirms Hershey Trust Co. is trustee for the Milton Hershey School Trust. Footnotes F13–F14 describe Class B share convertibility rules referenced in the filing.
• Shares owned after transaction: Not specified in the excerpt of the filing provided.
• Timeliness: Report filed Apr 13, 2026 covering Apr 9–10 trades; the filing itself does not include a late-filing notation in the provided information.

Context

• This seller is an institutional/beneficial owner (the school trust), not a company executive — such sales are often for trust or liquidity management and do not necessarily signal management views on the company’s outlook.
• Because these were open-market sales (not option exercises, gifts, or awards), they represent outright disposition of shares rather than derivative activity.