[Form 4] ESTEE LAUDER COMPANIES INC Insider Trading Activity

Rhea-AI Filing Summary

Estee Lauder Companies (EL) director Barry S. Sternlicht reported an option exercise and share sale. On 11/11/2025, he exercised 3,972 stock options at $84.35 per share and sold 3,972 shares at a weighted average price of $91.83. After these transactions, he directly owned 34,812 Class A shares. The sales were executed in multiple open-market trades priced between $91.81 and $91.89.

The exercised options were granted under the non-employee director plan, first exercisable on 11/12/2016 and expiring on 11/12/2025, with 0 options remaining afterward. The filing also lists 12,000 Class A shares held indirectly in each of the 1999 Sternlicht Family Trust 1, 2, and 3, with a disclaimer of beneficial ownership to the extent there is no pecuniary interest.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STERNLICHT BARRY S

(Last) (First) (Middle)

STARWOOD CAPITAL GROUP

591 W. PUTNAM AVE.

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ESTEE LAUDER COMPANIES INC [ EL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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
Class A Common Stock	11/11/2025		M		3,972	A	$84.35	38,784	D
Class A Common Stock	11/11/2025		S		3,972	D	$91.83(1)(2)	34,812	D
Class A Common Stock								12,000	I	1999 Sternlicht Family Trust 2(3)
Class A Common Stock								12,000	I	1999 Sternlicht Family Trust 1(3)
Class A Common Stock								12,000	I	1999 Sternlicht Family Trust 3(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Stock Option (Right to Buy)(4)	$84.35	11/11/2025		M			3,972	11/12/2016	11/12/2025	Class A Common Stock	3,972	(5)	0	D

Explanation of Responses:

1. Sales prices range from $91.81 to $91.89 per share, inclusive.

2. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.

3. The Reporting Person disclaims beneficial ownership of such shares to the extent he does not have a pecuniary interest in such shares.

4. Stock Options granted to the Reporting Person pursuant to the Issuer's Non-Employee Director Share Incentive Plan.

5. Not applicable.

Remarks:

	Barry S. Sternlicht, by Spencer G. Smul, Attorney-in-fact	11/12/2025
	** 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 Number.

FAQ

What insider transaction did EL director Barry S. Sternlicht report?

He exercised 3,972 options at $84.35 and sold 3,972 shares at a weighted average $91.83 on 11/11/2025.

What are Sternlicht’s direct EL share holdings after the transaction?

He directly owned 34,812 Class A shares following the reported transactions.

What price range were the EL share sales executed at?

Open-market sales occurred between $91.81 and $91.89 per share.

What were the terms of the exercised options?

Stock options with an exercise price of $84.35, first exercisable on 11/12/2016, expiring on 11/12/2025, with 0 remaining afterward.

What indirect holdings are disclosed for Sternlicht?

12,000 Class A shares are listed in each of the 1999 Sternlicht Family Trust 1, 2, and 3, with a disclaimer of beneficial ownership to the extent there is no pecuniary interest.