I am not sure this is in reference to what session, but off the top of my head for example I can think of tens of reasons why you may want to hedge.
-University ednodwment got a stock as a donation, if they sell it the donator who owns the company may feel they dont have faith in his company, he wont donate again.
-YOu are expecting losses next year and would like to offset gains against losses for tax purposes, however you are worried till then your stock goes down.
-You want to go on a long vacation and a stock is worrying you, it is a major part of your personal portfolio, you want to keep the company, hedge it till you get back so you can enjoy the vacation.
-Your company gave you stock and you cant sell for 5 years, you dont think the company has good prospects…
I hope this helps, offcourse if this is what you were looking for, I am sure now you can think about it and come up withh 100 examples of your own