[144] Lazard, Inc. SEC Filing

Rhea-AI Filing Summary

Lazard, Inc. (LAZ) submitted a Form 144 reporting a proposed sale of 32,475 common shares through Fidelity Brokerage Services on the NYSE, with an approximate aggregate market value of $1,762,743. The filer states the shares were acquired on 09/15/2025 by restricted stock vesting from the issuer and were paid as compensation. The filing lists the approximate date of sale as 09/16/2025 and reports 112,766,091 shares outstanding for the issuer. The filer indicates no securities sold in the past three months and includes the standard representation that no undisclosed material adverse information is known.

Positive

• Transparent disclosure of number of shares, acquisition date, nature of acquisition, broker, and aggregate market value
• No sales reported in the past three months, reducing concerns about recent insider selling activity

Negative

• Rapid sale one day after vesting may suggest immediate liquidity need rather than staged disposition
• No indication whether the sale is pursuant to a Rule 10b5-1 plan or subject to blackout restrictions

Insights

Securities Analyst

TL;DR Insider plans to sell newly vested restricted stock worth ~$1.76M on 09/16/2025; transaction appears routine.

The filing shows a single proposed sale of 32,475 common shares acquired by restricted stock vesting on 09/15/2025 and scheduled for sale the next day through Fidelity on the NYSE. The timing—sale immediately after vesting—and the designation of the payment as compensation indicate this is a typical post-vesting liquidity action rather than an open-market disposition of long-held shares. No prior sales in the past three months are reported, which reduces near-term dilution concerns. Material nonpublic information is disclaimed in the signature section.

Corporate Governance Expert

TL;DR Governance mechanics are standard: vested compensation shares are being sold; disclosure complies with Rule 144 formatting.

The Form 144 includes the required issuer and securities details: class, broker, number of shares, aggregate value, outstanding shares, acquisition date, and nature of acquisition as restricted stock vesting. The filing does not indicate reliance on a trading plan or Rule 10b5-1; no additional restrictions or special instructions are provided. From a governance perspective, the notice meets disclosure obligations but provides limited context about the seller's role or potential blackout periods.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

Relationship to Issuer

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	32475	1762743.00	112766091	09/16/2025	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	09/15/2025	Restricted Stock Vesting	Issuer			32475	09/15/2025	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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Lazard (LAZ) report in this Form 144?

The Form 144 reports a proposed sale of 32,475 common shares through Fidelity on the NYSE with an aggregate market value of $1,762,743 to be sold on 09/16/2025.

How were the shares acquired that are being sold?

The shares were acquired on 09/15/2025 by restricted stock vesting from the issuer and the payment type is listed as compensation.

Does the filing show prior insider sales for LAZ in the last three months?

No. The filing states Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.

Through which broker will the LAZ shares be sold?

The sale is reported to occur via Fidelity Brokerage Services LLC (address listed) and on the NYSE.

What representation does the filer make about material nonpublic information?

By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.