[Form 4] Lazard, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lazard, Inc. (LAZ) reported an insider equity grant for its Chief Operating Officer on a Form 4. On 11/14/2025, the officer acquired 2,622 Restricted Stock Units (RSUs) through the dividend equivalent reinvestment provisions of existing RSU awards. Each RSU represents a contingent right to receive one share of Lazard common stock.

After this transaction, the officer beneficially owned 261,934 RSUs. Of the newly reported RSUs, 642 are scheduled to vest on or around March 2, 2026, 952 on or around March 1, 2027, and 1,028 on or around March 1, 2028. The filing notes this amount excludes 113,872 shares of Lazard common stock directly or indirectly owned by the reporting person.

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
Estimated average burden
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^*

Soto Alexandra

(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 Operating 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 Units(1)	(2)	11/14/2025	11/14/2025	A		2,622		(3)	(3)	Common Stock	2,622	(2)	261,934(4)	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 RSU represents a contingent right to receive one share of Common Stock.

3. Of these RSUs, 642 will vest on or around March 2, 2026, 952 will vest on or around March 1, 2027, and 1,028 will vest on or around March 1, 2028.

4. Amount excludes 113,872 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Remarks:

	/s/ Alexandra Soto 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 did Lazard (LAZ) report on this Form 4?

The Form 4 reports that Lazard’s Chief Operating Officer acquired 2,622 Restricted Stock Units (RSUs) on 11/14/2025 through dividend equivalent reinvestment on existing RSU awards.

What does each RSU reported by Lazard’s COO represent?

Each reported RSU represents a contingent right to receive one share of Lazard, Inc. common stock.

What is the vesting schedule for the newly acquired Lazard (LAZ) RSUs?

Of the newly acquired RSUs, 642 will vest on or around March 2, 2026, 952 on or around March 1, 2027, and 1,028 on or around March 1, 2028.

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

Following the reported transaction, the Chief Operating Officer beneficially owns 261,934 RSUs, according to the Form 4.

How many Lazard (LAZ) common shares does the COO own outside of these RSUs?

The filing states that the RSU amount excludes 113,872 shares of common stock directly or indirectly beneficially owned by the reporting person.

Was this Lazard (LAZ) Form 4 filed for one reporting person or multiple?

The Form 4 was filed by one reporting person, identified as Lazard’s Chief Operating Officer.