HERSHEY CO — Director's Dealing 2023

Jun 21, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2023-06-16

Reporting Person: HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-16	Common Stock, $1.00 par value	S	41240	$260.6931	Disposed	2214359	Direct
2023-06-16	Common Stock, $1.00 par value	S	34921	$261.6179	Disposed	2179438	Direct
2023-06-16	Common Stock, $1.00 par value	S	40594	$262.4318	Disposed	2138844	Direct
2023-06-16	Common Stock, $1.00 par value	S	419	$263.08	Disposed	2138425	Direct
2023-06-20	Common Stock, $1.00 par value	S	19851	$260.292	Disposed	2118574	Direct
2023-06-20	Common Stock, $1.00 par value	S	4050	$261.2911	Disposed	2114524	Direct
2023-06-20	Common Stock, $1.00 par value	S	177	$262.099	Disposed	2114347	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	39630	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock, $1.00 par value	$258.46		Common Stock, $1.00 par value (54612012)	54612012	Direct

Footnotes

F1: The Sales Reported in this form 4 were pursuant to Rule 10b5-1 Plan adopted by the reporting person on May 24, 2023. accordingly, the reporting person had no discretion with regard to the timing of the transaction.

F2: The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transaction at price ranging from 260.00 to 260.99, 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.

F3: The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transaction at price ranging from 261.00 to 261.99, 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.

F4: The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transaction at price ranging from 262.00 to 262.99, 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.

F5: The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transaction at price ranging from 263.00 to 263.99, 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.

F6: Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.

F7: 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.

F8: The conversion price is the market price at the time of conversion and represents the closing price on the previous business day, which is 06/20/2023