FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                       
1. Name and Address of Reporting Person * Buck Michele 2. Issuer Name and Ticker or Trading Symbol HERSHEY CO [ HSY ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman, President and CEO
(Last)          (First)          (Middle)
19 E. CHOCOLATE AVENUE		 3. Date of Earliest Transaction (MM/DD/YYYY)
1/17/2023
(Street)
HERSHEY, PA 17033
(City)        (State)        (Zip)
 4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
 6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  1/17/2023    S(1)    2009  D $226.43 (2) 138546  D   
Common Stock  1/17/2023    S(1)    1891  D $227.179 (3) 136655  D   
Common Stock  1/17/2023    S(1)    100  D $228.15  136555  D   
Common Stock  1/17/2023    S(1)    900  D $229.753 (4) 135655  D   
Common Stock  1/17/2023    S(1)    100  D $230.54  135555  D   
Common Stock  1/17/2023    S(1)    2024  D $226.424 (5) 133531  D   
Common Stock  1/17/2023    S(1)    1876  D $227.211 (6) 131655  D   
Common Stock  1/17/2023    S(1)    100  D $227.15  131555  D   
Common Stock  1/17/2023    S(1)    1000  D $229.811 (7) 130555  D   
Common Stock  1/17/2023    M    4250  A $105.96  134805  D   
Common Stock  1/17/2023    S(1)    1538  D $226.38 (8) 133267  D   
Common Stock  1/17/2023    S(1)    1681  D $227.186 (9) 131586  D   
Common Stock  1/17/2023    S(1)    200  D $228.125 (10) 131386  D   
Common Stock  1/17/2023    S(1)    831  D $229.855 (11) 130555  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy)  $105.96  1/17/2023    M        4250    (12) 2/17/2024  Common Stock  4250  $0  25505  D   

Explanation of Responses:
(1)  The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 16, 2022.
(2)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $225.940 to $226.930. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(3)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $226.960 to $227.670. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(4)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $229.390 to $230.190. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(5)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $225.940 to $226.930. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(6)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $226.940 to $227.670. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(7)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $229.390 to $230.540. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(8)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $225.850 to $226.730. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(9)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $226.900 to $227.700. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(10)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $228.060 to $228.19. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(11)  This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $229.540 to $230.485. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
(12)  The options vested according to the following schedule: 25% vested on February 17, 2015, 25% vested on February 17, 2016, 25% vested on February 17, 2017 and 25% vested on February 17, 2018.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Buck Michele
19 E. CHOCOLATE AVENUE
HERSHEY, PA 17033		 X
Chairman, President and CEO

Signatures
/s/ Lauren H. Lacey, Agent for Michele G. Buck 1/19/2023
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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