HSY CLUSTER SEC Filing Analysis

Latest settled — T+5d

HSY ▲ +3.49% at T+5d

NEUTRAL call ✓ call won +3.49% · α vs SPY +1.89% · entry $190.39 → $197.04

Next anchor: T+20d in 3d

Last close $181.66 (close Jun 12) · -4.59% from $190.39 entry

Entry anchored
May 20, 03:59 PM ET
via Databento tick

T+1d

+2.31%

call +2.31% · α +1.86%

$194.78

settled 25d ago

T+5d

+3.49%

call +3.49% · α +1.89%

$197.04

settled 18d ago

T+20d

—

call — · α —

—

in 3d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

A cluster of insider sales at Hershey Co (HSY) totaling ~$1.4M over 7 days, led by the Hershey Trust (10% owner) and the CFO, represents a trivial 0.004% of market cap. The CFO's open-market sale of $279K is likely routine liquidity/10b5-1 driven. No material signal from this cluster given negligible dollar amounts relative to the $39B market cap.

Key Financial Metrics

Direction

selling

Total Value

$1.4M

Insiders

2

Actionable Insight

The small scale of insider sales provides no tradeable signal. Monitor for larger clusters or any accompanying filings (e.g., earnings, guidance) that could indicate a material change. The stock's recent underperformance (historical T+20 alpha -15% vs SPY) suggests persistent headwinds, but this cluster does not confirm or deny them.

Key Facts

CFO Steven Voskuil sold 1,500 shares at $186.25 for $279,375 on 2026-05-18
Hershey Trust (10% owner) sold 5,994 shares total across 5 transactions, total $1.12M
Total open-market sales: ~$1.4M, or 0.0036% of market cap
HSY's prior insider activity (30d) shows 10 sells totaling $1.6M, consistent with routine selling

Financial Impact

Insider sales of ~$1.4M, immaterial relative to $39.1B market cap

Risk Factors

No material risk from this filing; routine insider selling at negligible levels

Market Snapshot

Exchange

NYSE

Sector

Sugar & Confectionery Products

Analyst Consensus

33% bullish (30 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-HSY-1779311538068

17 reports for HSY

T+1T+5T+20T+60

67% Hit rate 2 of 3 directional calls best @ T+20▲ +5.27%Apr 30, 2026

Filters

Reports for HSY — sortable, filterable
	Type				Now
Jun 9, 2026 5d ago	8-K NEUTRAL ★ 2/10	$175.88 awaiting T+5	awaiting T+5	—	$181.66 (+3.29%)
May 28, 2026 17d ago	8-K NEUTRAL ★ 2/10	$194.03 $184.58	▼ −4.87%	▼ −2.35%	$181.66 (−6.38%)
May 20, 2026 25d ago	Insider Cluster NEUTRAL ★ 2/10	$190.39 $197.04	▲ +3.49%	▲ +1.89%	$181.66 (−4.59%)
May 19, 2026 26d ago	Insider Cluster NEUTRAL ★ 2/10	$190.84 $197.82	▲ +3.66%	▲ +2.42%	$181.66 (−4.81%)
Apr 30, 2026 6w ago	8-K BULLISH ★ 7/10	$184.32 $185.63	▲ +0.71%	▼ −1.02%	$181.66 (−1.44%)
Apr 20, 2026 8w ago	Insider Cluster NEUTRAL ★ 2/10	$191.45 $186.49	▼ −2.59%	▼ −3.50%	$181.66 (−5.11%)
Apr 17, 2026 8w ago	Insider Cluster NEUTRAL ★ 3/10	$192.63 $191.48	▼ −0.60%	▼ −1.15%	$181.66 (−5.69%)
Apr 2, 2026 10w ago	Insider Cluster NEUTRAL ★ 5/10	$206.19 $202.31	▼ −1.88%	▼ −5.50%	$181.66 (−11.90%)
Apr 2, 2026 10w ago	Insider Cluster NEUTRAL ★ 3/10	$206.19 $202.31	▼ −1.88%	▼ −5.50%	$181.66 (−11.90%)
Mar 31, 2026 10w ago	8-K BULLISH ★ 7/10	$207.89 $208.99	▲ +0.53%	▼ −3.41%	$181.66 (−12.62%)

US Market Status

Market Closed — Opens in 4h 25m

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