HERSHEY CO — Director's Dealing 2023

Feb 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2023-02-13

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
2023-02-13	Common Stock, $1.00 par value	C	1000000	$239.91	Acquired	1000000	Direct
2023-02-15	Common Stock, $1.00 par value	S	1000000	$239.91	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-13	Class B Common Stock, $1.00 par value	$239.91	C	1000000	Disposed		Common Stock, $1.00 par value (1000000)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Shares received upon conversion of Class B common stock. The conversion price is the market price at the time of conversion and represents the closing price on 02/13/2023.

F2: Shares sold by the Milton Hershey School Trust in a private sale to The Hershey Company.

F3: Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.

F4: 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.

F5: The conversion price is the market price at the time of conversion and represents the closing price on 02/13/2023