Schedule 13G/A: Joel S. Ehrenkranz Shows 0% Ownership; Trust Retains 266,638 EL Shares

Rhea-AI Filing Summary

Schedule 13G/A disclosure for The Estée Lauder Companies Inc. (Class A). Joel S. Ehrenkranz reports that he is no longer the beneficial owner of 266,638 shares of Class A common stock held directly by The Leonard A. Lauder 2013 Revocable Trust. The filing states no shares were sold and the Trust continues to hold those shares, while the Reporting Person shows 0 shares beneficially owned and 0% of the class on the cover page. The statement clarifies the Reporting Person’s voting and dispositive powers are reflected as zero, documenting a change in beneficial ownership status while the Trust’s holdings remain unchanged.

Positive

• Transparency: The filing explicitly discloses the Reporting Person’s beneficial ownership status and clarifies that no shares were sold and the Trust still holds 266,638 Class A shares.
• Clarification of voting/dispositive power: The cover page reports 0 sole and shared voting and dispositive power, removing ambiguity about the Reporting Person’s current control over the shares.

Negative

• Loss of reported personal stake: Joel S. Ehrenkranz reports 0 shares beneficially owned, which reduces the publicly reported individual ownership stake.
• Potential perception issue: Some investors may view the Reporting Person’s lack of beneficial ownership as reduced personal alignment, although the Trust retains the shares and no sale occurred.

Insights

Corporate Governance Expert

TL;DR: Filing clarifies ownership shift from individual co-trustee to the Trust; governance implications are limited.

The amendment discloses that Joel S. Ehrenkranz no longer claims beneficial ownership of 266,638 Class A shares held by The Leonard A. Lauder 2013 Revocable Trust, though the Trust retains the shares and no sale occurred. This removes personal voting and dispositive claim by the Reporting Person but does not change the Trust’s holdings. For governance, the material effect is transparency about who holds voting rights; it does not, on its face, alter control or trigger reporting thresholds.

Securities Analyst

TL;DR: Disclosure is informational and routine; it documents beneficial ownership status without economic transfer.

The Schedule 13G/A shows aggregate beneficial ownership for the Reporting Person at 0 shares and 0% of the class while explicitly identifying 266,638 shares as directly owned by the Trust and retained without sale. This is a routine corrective/clarifying filing that affects reported insider stakes but contains no transaction or change in the Trust’s position to suggest market impact.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 25)

The Estee Lauder Companies Inc.

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

518439104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 518439104

1

Names of Reporting Persons

Joel S. Ehrenkranz

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: For Rows (5) through (9) and (11) of the cover page of this Schedule 13G, see Item 4.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: The Estee Lauder Companies Inc.
(b)	Address of issuer's principal executive offices: 767 Fifth Avenue, New York, New York, 10153
Item 2.
(a)	Name of person filing: Joel S. Ehrenkranz (the "Reporting Person")
(b)	Address or principal business office or, if none, residence: 375 Park Avenue, New York, NY 10152
(c)	Citizenship: United States of America
(d)	Title of class of securities: Class A Common Stock, par value $0.01 per share
(e)	CUSIP No.: 518439104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The response of the Reporting Person to Row (9) of the cover page of this Schedule 13G is incorporated herein by reference. The Reporting Person, as a co-trustee of The Leonard A. Lauder 2013 Revocable Trust (the "Trust"), is no longer the beneficial owner of the 266,638 shares of Class A Common Stock of the Issuer directly owned by the Trust. No shares were sold, and the Trust continues to hold such shares.
(b)	Percent of class: The response of the Reporting Person to Row (11) of the cover page of this Schedule 13G is incorporated herein by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The response of the Reporting Person to Row (5) of the cover page of this Schedule 13G is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The response of the Reporting Person to Row (6) of the cover page of this Schedule 13G is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The response of the Reporting Person to Row (7) of the cover page of this Schedule 13G is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The response of the Reporting Person to Row (8) of the cover page of this Schedule 13G is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Joel S. Ehrenkranz

Signature:	/s/ Joel S. Ehrenkranz
Name/Title:	Joel S. Ehrenkranz
Date:	08/13/2025

FAQ

What did Joel S. Ehrenkranz report in the Schedule 13G/A for EL?

He reported that he is no longer the beneficial owner of 266,638 Class A shares held directly by The Leonard A. Lauder 2013 Revocable Trust, and the cover page shows 0 shares beneficially owned.

Were any shares sold according to the filing for EL?

No. The filing states no shares were sold and that the Trust continues to hold the 266,638 shares.

How much of EL’s class does the Reporting Person own?

The cover page reports the Reporting Person’s aggregate beneficial ownership as 0 shares, representing 0% of the class.

Does the Trust still hold the shares reported in the filing?

Yes. The filing explicitly states the Trust continues to hold the 266,638 Class A shares and that no sale occurred.

Does this filing indicate a change in control of EL?

No. The filing documents a change in the Reporting Person’s beneficial ownership reporting but does not indicate any transaction that would alter control; the Trust retains the shares.