Lazard ex-director plans sale of 10,000 shares

Lazard, Inc. (LAZ) is the issuer of common shares that former board member Andrew Alper has notified for potential sale under Rule 144.

Rhea-AI Filing Summary

Lazard, Inc. (LAZ) is the issuer of common shares that former board member Andrew Alper has notified for potential sale under Rule 144. The notice covers 10,000 common shares, to be sold through Goldman Sachs & Co. LLC on the NYSE, with an indicated aggregate market value of 427700 as of 08/20/2026.

The shares were acquired from the issuer on 07/28/2026 as compensation in the form of Restricted Stock Awards. No sales of these securities are listed as having occurred during the prior three months.

Key Figures

Common shares to be sold: 10,000 shares Aggregate market value: 427700 Date of planned sale reference: 08/20/2026 +1 more

4 metrics

Common shares to be sold 10,000 shares Number of Lazard, Inc. common shares covered by the Rule 144 notice

Aggregate market value 427700 Aggregate market value of 10,000 common shares as of 08/20/2026

Date of planned sale reference 08/20/2026 Date associated with the securities information and NYSE listing

Date of acquisition 07/28/2026 Date the 10,000 common shares were acquired as compensation via Restricted Stock Awards

Key Terms

Rule 144, Restricted Stock Awards, aggregate market value, Common Shares

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Awards financial

"Acquired as compensation -- Restricted Stock Awards"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

aggregate market value financial

"10000 | 427700 | 110548172 | 08/20/2026 | NYSE"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Common Shares financial

"Common Shares | Goldman Sachs & Co. LLC 200 West Street"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing indicate for Lazard, Inc. (LAZ)?

It indicates that former board member Andrew Alper has given notice under Rule 144 of his intent to potentially sell 10,000 Lazard common shares through Goldman Sachs & Co. LLC on the NYSE, with an aggregate market value of 427700 as of 08/20/2026.

How many Lazard (LAZ) shares are covered by Andrew Alper’s planned Rule 144 sale?

The notice covers 10,000 common shares of Lazard, Inc. These shares are to be sold through Goldman Sachs & Co. LLC on the NYSE, with an indicated aggregate market value of 427700 as of 08/20/2026.

When did Andrew Alper acquire the Lazard (LAZ) shares he plans to sell?

Andrew Alper acquired the 10,000 Lazard common shares on 07/28/2026. They were obtained from the issuer as compensation in the form of Restricted Stock Awards.

What is the stated market value of the Lazard (LAZ) shares in the planned Rule 144 sale?

The notice lists an aggregate market value of 427700 for the 10,000 Lazard common shares covered, as of 08/20/2026. The shares are to be sold on the NYSE through Goldman Sachs & Co. LLC.

Were there any Lazard (LAZ) shares sold by Andrew Alper in the prior three months?

No. The section for Securities Sold During The Past 3 Months does not list any prior sales, indicating no reported Lazard common share sales by Andrew Alper in that period.

Who is executing the planned sale of Lazard (LAZ) shares for Andrew Alper?

The planned sale of 10,000 Lazard common shares is to be executed by Goldman Sachs & Co. LLC, which also signed the notice on behalf of Andrew Alper. The shares are expected to be sold on the NYSE.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/20/2026 - 06:08 PM Accepted by SEC EDGAR 08/20/2026 - 06:07 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001402373
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	LAZARD, INC.
SEC File Number	001-32492
Address of Issuer	30 Rockefeller Plaza New York NEW YORK 10112
Phone	1-212-632-6000
Name of Person for Whose Account the Securities are To Be Sold	Andrew Alper
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Former Board Member

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Shares	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	10000	427700	110548172	08/20/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Shares	07/28/2026	Acquired as compensation -- Restricted Stock Awards	Issuer			10000	07/28/2026	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/20/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Goldman Sachs & Co. LLC on behalf of Andrew Alper
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)