[Form 4] Lazard, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lazard, Inc. (LAZ) reported an insider equity award for its Chief Accounting Officer on a Form 4. On 11/14/2025, the officer acquired 95 Restricted Stock Units (RSUs) through dividend equivalent reinvestment tied to existing RSU awards. Each RSU represents a contingent right to receive one share of Lazard common stock. Following this transaction, the officer beneficially owns 9,353 derivative securities in the form of RSUs. Of these RSUs, 23 are scheduled to vest on or around March 2, 2026, 40 on or around March 1, 2027, and 32 on or around March 1, 2028.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gathy Michael

(Last) (First) (Middle)

C/O LAZARD, INC.

30 ROCKEFELLER PLAZA

(Street)

NEW YORK NY 10112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lazard, Inc. [ LAZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit(1)	(2)	11/14/2025	11/14/2025	A		95		(3)	(3)	Common Stock	95	(2)	9,353	D

Explanation of Responses:

1. Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

3. Of these RSUs, 23 will vest on or around March 2, 2026, 40 will vest on or around March 1, 2027, and 32 will vest on or around March 1, 2028.

Remarks:

	/s/ Michael Gathy by Shari L. Soloway under a P of A	11/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction was reported for Lazard, Inc. (LAZ)?

A Lazard, Inc. officer reported acquiring 95 Restricted Stock Units (RSUs) on 11/14/2025, recorded on a Form 4 insider trading report.

Who is the reporting person in the Lazard (LAZ) Form 4 filing?

The reporting person is an officer of Lazard, Inc., serving as the Chief Accounting Officer.

How many Lazard (LAZ) RSUs does the officer own after this transaction?

After acquiring 95 additional RSUs, the officer beneficially owns 9,353 derivative securities in the form of Restricted Stock Units.

Why were the 95 Lazard (LAZ) Restricted Stock Units granted?

The 95 RSUs were acquired under the dividend equivalent reinvestment provisions of underlying RSU awards.

What does each Lazard (LAZ) Restricted Stock Unit represent?

Each Lazard Restricted Stock Unit (RSU) represents a contingent right to receive one share of common stock.

When will the reported Lazard (LAZ) RSUs vest?

Of the reported RSUs, 23 will vest on or around March 2, 2026, 40 on or around March 1, 2027, and 32 on or around March 1, 2028.

Is the Lazard (LAZ) Form 4 transaction related to a Rule 10b5-1 plan?

The form includes a checkbox for transactions made under a Rule 10b5-1(c) trading plan, but the provided content does not indicate that this box was checked.