The Estée Lauder Companies Inc. announced that on November 4, 2025, it issued 11,034,685 shares of Class A Common Stock to three trusts affiliated with descendants of Leonard A. Lauder, following the conversion of an equal number of Class B Common Stock shares. On the same day, the company entered into an underwriting agreement with J.P. Morgan Securities LLC and the selling stockholders, under which 11,301,323 shares of Class A Common Stock were sold to the underwriter at $89.70 per share. The company did not receive any proceeds from this sale, as the shares were sold by the selling stockholders. The shares were offered pursuant to a prospectus supplement included in the company's registration statement on Form S-3.
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