The information set forth in Item 2(a) of this Schedule 13D is hereby incorporated herein by reference.

The information set forth in Item 2(a) of this Schedule 13D is hereby incorporated herein by reference.

The information set forth in Item 2(a) of this Schedule 13D is hereby incorporated herein by reference.

The information set forth in Item 2(a) of this Schedule 13D is hereby incorporated herein by reference.

The information set forth in Item 2(a) of this Schedule 13D is hereby incorporated herein by reference.

The information set forth in Item 5(c) and Exhibit 99.1 of this Schedule 13D is hereby incorporated herein by reference.

On November 4, 2025, ELF and MT2 entered into an Underwriting Agreement ("Underwriting Agreement") with J.P. Morgan Securities LLC (the "Underwriter"), the Issuer, and another selling stockholder pursuant to which ELF and MT2 agreed to sell 5,670,000 shares and 2,845,283 shares, respectively, of Class A Common Stock to the Underwriter at a price of $89.70 per share, in a registered public offering, subject to the terms and conditions of such agreement. The closing of the transaction occurred on November 6, 2025. In connection with the Underwriting Agreement, also on November 4, 2025, each of ELF and MT2 entered into a Lock-up Agreement ("Lock-up Agreement") with the Underwriter, pursuant to which each agreed, with limited exceptions, for a period of 90 days after November 4, 2025, not to, among other things, offer, pledge, sell, or otherwise transfer or dispose of any shares of Class A Common Stock or securities convertible into Class A Common Stock, without the prior consent of the Underwriter. ELF and MT2 intend to use the proceeds from the underwritten sale to satisfy certain estate tax obligations arising as a result of LAL's death and for expenses of trust administration, and may temporarily invest amounts not immediately needed for these purposes. The information set forth in Item 5(c) and Exhibit 99.1 of this Schedule 13D is hereby incorporated herein by reference.

As of the date hereof and giving effect to a consummation of the sale to the Underwriter described in Item 4 of this Schedule 13D, the Reporting Persons beneficially owns zero shares of Class A Common Stock. The information set forth in Exhibit 99.1 of this Schedule 13D is hereby incorporated herein by reference.

The information set forth in Item 5(a) of this Schedule 13D is hereby incorporated herein by reference.

No transactions in the Class A Common Stock were effected by the Reporting Persons or, to the knowledge of the Reporting Persons, any of the persons listed in Exhibit 99.1 to this Schedule 13D, during the past 60 days preceding the filing date of this Schedule 13D, except (i) as disclosed in Item 4 and Exhibit 99.1 to this Schedule 13D, (ii) on November 3, 2025, each of ELF and MT2 entered into a Redemption Agreement (each, a "Redemption Agreement") with LAL Family Partners, L.P. ("LALFP") pursuant to which LALFP redeemed each of ELF's and MT2's limited partnership interest in LALFP in exchange for 5,670,000 shares and 2,845,283 shares, respectively, of Class B Common Stock, par value $0.1 per share ("Class B Common Stock"), of the Issuer, based on price of $89.52 per share (the "Class B Shares"), and (iii) on November 4, 2025, each of ELF and MT2 converted such Class B Shares into an equal number of shares of Class A Common Stock.

The beneficiaries of ELF and MT2 do not have the right to, but may receive (at the discretion of the trustee, RFTC), dividends from, or the proceeds from the sale of, the shares of Class A Common Stock.

On November 4, 2025, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Class A Common Stock.

In connection with entering into a Redemption Agreement, on November 3, 2025, each of ELF and MT2 became party to the Stockholders' Agreement dated November 22, 1995, as amended (the "Stockholders' Agreement"), among the parties listed on Exhibit 12 attached hereto. The stockholders who are parties to the Stockholders' Agreement have agreed to vote their shares in favor of the election of (a) William P. Lauder, Gary M. Lauder or a designee in lieu of one of them and (b) Ronald S. Lauder (or for one of his daughters), and one person, if any, designated by Ronald S. Lauder as a director of the Issuer. The Stockholders' Agreement also contains certain limitations on the transfer of shares of Class A Common Stock. The information set forth in Items 2 and 4 and Exhibit 99.1 of this Schedule 13D is hereby incorporated herein by reference. The descriptions of the Underwriting Agreement, each Lock-up Agreement, each Redemption Agreement, and the Stockholders' Agreement set forth in Item 4 and Item 5(c) of this Schedule 13D and in the this Item 6 are not intended to be complete and are qualified in their entirety by reference to such documents, which are included as Exhibits 1 through 11 hereto, and are hereby incorporated herein by reference. The foregoing descriptions and exhibits hereto have been included pursuant to the requirements of Schedule 13D. These documents contain representations and warranties made by and to the parties thereto as of specific dates. The representations and warranties of each party set forth in each document have been made solely for the benefit of the other party to such document. In addition, such representations and warranties: may have been qualified by confidential disclosures made to the other party in connection with such document; may be subject to a materiality standard which may differ from what may be viewed as material by investors; were made only as of the date of such documents or such other date as is specified therein; and may have been included in such documents for the purpose of allocating risk between or among the parties thereto rather than establishing matters as facts. Accordingly, these documents are included herewith only pursuant to the requirements of Schedule 13D and not to provide investors or other persons with any other factual information regarding the parties or their respective businesses.

Exhibit 1 Underwriting Agreement, dated November 4, 2025, with J.P. Morgan Securities LLC. (including as Exhibit B thereto, the form of Lock-Up Agreement). Exhibit 2 Redemption Agreement, dated November 3, 2025, by and between ELF and LAL Family Partners, L.P. Exhibit 3 Redemption Agreement, dated November 3, 2025, by and between MT2 and LAL Family Partners, L.P. Exhibit 4 Stockholders' Agreement, dated November 22, 1995 (filed as Exhibit 10.1 to the Issuer's Annual Report on Form 10-K for the year ended June 30, 2003)* Exhibit 5 Amendment No. 1 to Stockholders' Agreement (filed as Exhibit 10.1 to the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 1996)* Exhibit 6 Amendment No. 2 to Stockholders' Agreement (filed as Exhibit 10.2 to the Issuer's Quarterly Report on Form 10-Q for the quarter ended December 31, 1996)* Exhibit 7 Amendment No. 3 to Stockholders' Agreement (filed as Exhibit 10.2 to the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 1997)* Exhibit 8 Amendment No. 4 to Stockholders' Agreement (filed as Exhibit 10.1d to the Issuer's Annual Report on Form 10-K for the year ended June 30, 2000)* Exhibit 9 Amendment No. 5 to Stockholders' Agreement (filed as Exhibit 10.1e to the Issuer's Annual Report on Form 10-K for the year ended June 30, 2002)* Exhibit 10 Amendment No. 6 to Stockholders' Agreement (filed as Exhibit 10.2 to the Issuer's Quarterly Report on Form 10-Q for the quarter ended December 31, 2004)* Exhibit 11 Amendment No. 7 to Stockholders' Agreement (filed as Exhibit 10.7 to the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2009)* Exhibit 12 List of Parties to the Stockholders' Agreement (as of November 3, 2025). Exhibit 99.1 Certain information regarding Directors and Executive Officers of the Trustee Exhibit 99.2 Joint Filing Agreement among the Reporting Persons * Incorporated herein by reference.