Initial Statement of Beneficial Ownership - Form 3

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Shrivastava Akhil 2. Date of Event Requiring Statement (Month/Day/Year) 2024-11-01 3. Issuer Name and Ticker or Trading Symbol ESTEE LAUDER COMPANIES INC [EL] (Last) (First) (Middle) C/O THE ESTEE LAUDER COMPANIES INC. , 767 FIFTH AVENUE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) EVP & CFO / 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) NEW YORK NY 10153 6. Individual or Join/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security 2. Amount of Securities Beneficially Owned 3. Ownership Form: Direct (D) or Indirect (I) 4. Nature of Indirect Beneficial Ownership

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivate Security	2. Date Exercisable and Expiration Date	3. Title and Amount of Securities Underlying Derivative Security	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)	6. Nature of Indirect Beneficial Ownership
Date Exercisable	Expriation Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Director	10% Owner	Officer	Other
Shrivastava Akhil C/O THE ESTEE LAUDER COMPANIES INC. 767 FIFTH AVENUE NEW YORK, NY10153			EVP & CFO

Signatures

Akhil Shrivastava, by Spencer G. Smul, attorney-in-fact	2024-11-01
**Signature of Reporting Person	Date

Explanation of Responses:

(*)	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	Restricted Stock Units ("RSUs") vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments unless otherwise indicated. Upon payout, shares will be withheld to cover statutory tax obligations. These RSUs, awarded to the Reporting Person prior to designation as a Section 16 Insider, are accompanied by dividend equivalent rights payable at the time of the payout of the related shares.
(2)	Annual RSUs granted September 2, 2021. Assuming continued employment, these RSUs will vest and be paid out as follows: 88 on November 1, 2024.
(3)	Not applicable.
(4)	Annual RSUs granted September 6, 2022. Assuming continued employment, these RSUs will vest and be paid out as follows: 145 on November 1, 2024; and 145 on November 3, 2025.
(5)	Annual RSUs granted August 28, 2023. Assuming continued employment, these RSUs will vest and be paid out as follows: 228 on November 1, 2024; 228 on November 3, 2025; and 229 on November 2, 2026.
(6)	Non-annual RSUs granted February 26, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 5,172 on February 26, 2026; and 5,172 on February 26, 2027.
(7)	Annual RSUs granted August 27, 2024. Assuming continued employment, these RSUs will vest and be paid out as follows: 3,273 on November 3, 2025; 3,273 on November 2, 2026; and 3,274 on November 1, 2027.
(8)	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 697 exercisable from and after January 1, 2022; 697 exercisable from and after January 1, 2023; and 697 exercisable from and after January 1, 2024.
(9)	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 353 shares exercisable from and after January 1, 2023; 353 shares exercisable from and after January 1, 2024; and 354 shares exercisable from and after January 1, 2025.
(10)	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 453 shares exercisable from and after January 1, 2024; 454 shares exercisable from and after January 1, 2025; and 454 shares exercisable from and after January 1, 2026.
(11)	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 675 shares exercisable from and after January 1, 2025; 676 shares exercisable from and after January 1, 2026; and 676 shares exercisable from and after January 1, 2027.
(12)	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of: 5,188 shares exercisable from and after November 3, 2025; 5,188 shares exercisable from and after November 2, 2026; and 5,189 shares exercisable from and after November 1, 2027.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

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