Lazard (NYSE: LAZ) holder lines up multimillion-dollar stock sale

Rhea-AI Filing Summary

Lazard, Inc. (LAZ) has a notice of proposed sale under Rule 144 for common stock held for the account of Peter Richard Orszag. The filing indicates an intention to sell 125,000 shares of Lazard common stock through Fidelity Brokerage Services LLC, with an aggregate market value of $5,440,042.97, based on 110,548,172 shares outstanding and an approximate sale date of August 25, 2026. The shares are to come from restricted stock vesting on August 23, 2026, received from the issuer as compensation.

Key Figures

Shares proposed to be sold: 125,000 shares Aggregate market value of shares to be sold: $5,440,042.97 Shares outstanding: 110,548,172 shares +2 more

5 metrics

Shares proposed to be sold 125,000 shares Common stock to be sold for the account of Peter Richard Orszag under Rule 144

Aggregate market value of shares to be sold $5,440,042.97 Value of 125,000 Lazard common shares covered by the Rule 144 notice

Shares outstanding 110,548,172 shares Lazard, Inc. common shares outstanding referenced in the notice

Approximate sale date 08/25/2026 Proposed date of sale of the covered common shares

Restricted stock vesting date 08/23/2026 Date the 125,000 shares vest as restricted stock received as compensation

Key Terms

Rule 144, Restricted Stock Vesting, attorney-in-fact

3 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 Vesting financial

"Common | 08/23/2026 | Restricted Stock Vesting | Issuer"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

attorney-in-fact regulatory

"as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

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

The Form 144 discloses a proposed sale under Rule 144 for 125,000 shares of Lazard, Inc. common stock for the account of Peter Richard Orszag, to be executed through Fidelity Brokerage Services LLC, with an approximate sale date of August 25, 2026.

How many Lazard (LAZ) shares are proposed to be sold and at what value?

The notice covers a proposed sale of 125,000 shares of Lazard common stock, with an aggregate market value of $5,440,042.97 as stated in the filing.

What is the source of the shares to be sold for Lazard (LAZ)?

The 125,000 shares proposed for sale are to be sourced from restricted stock vesting on August 23, 2026, acquired from Lazard, Inc. as compensation.

What is the reported number of Lazard (LAZ) shares outstanding in this notice?

The filing reports 110,548,172 shares outstanding of Lazard, Inc. common stock in connection with the proposed Rule 144 sale.

Who is the broker and which market is indicated for the Lazard (LAZ) share sale?

The proposed sale is listed through Fidelity Brokerage Services LLC, with the common stock indicated as traded on the NYSE.

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

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Available on EDGAR 08/25/2026 - 04:29 PM Accepted by SEC EDGAR 08/25/2026 - 04:29 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	0001837678
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	(212) 632-6000
Name of Person for Whose Account the Securities are To Be Sold	Orszag Peter Richard
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	Officer
Relationship to Issuer	Director

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	125000	5440042.97	110548172	08/25/2026	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	08/23/2026	Restricted Stock Vesting	Issuer			125000	08/23/2026	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	08/25/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/13/2025
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	/s/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Peter R. Orszag
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)