Roaring Fork Trust Company, Inc. 3
3 · ESTEE LAUDER COMPANIES INC · Filed Nov 6, 2025
Insider Transaction Report
Form 3
LAL 2015 ELF Trust
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (5,670,000 underlying)
Footnotes (2)
- [F1]There is no exercise or conversion price for the Class B Common Stock. Shares of Class B Common Stock may be converted immediately on a one-for-one basis by the holder and are automatically converted into Class A Common Stock on a one-for-one basis upon transfer to a person or entity that is not a "Permitted Transferee" (as defined in the Issuer's Restated Certificate of Incorporation) or soon after a record date for a meeting of stockholders where the outstanding Class B Common Stock constitutes less than 10% of the outstanding shares of Common Stock of the Issuer.
- [F2]Owned by The LAL 2015 ELF Trust (the "ELF Trust"). Roaring Fork Trust Company, Inc. serves as trustee of the ELF Trust and disclaims a pecuniary interest in such shares.