HERSHEY CO — Director's Dealing 2021

May 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2021-05-20

Reporting Person: HERSHEY TRUST CO (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-20	Common Stock, $1.00 par value	S	11600	$173.0941	Disposed	64830	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	47170	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock, $1.00 par value	$173.09		Common Stock, $1.00 par value (60612012)	60612012	Indirect

Footnotes

F1: Shares sold by Hershey Trust Company in an open market transaction.

F2: The reporting person is wholly owned by the Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.

F3: All shares of Class B common stock, $1.00 par value, are 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.

F4: Conversion price is the current market price ($173.09 represents the closing price on 5/20/2021).