Lazard, Inc. — Director's Dealing 2021

Jun 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Growth Acquisition Corp. I (LGAC)
CIK: 0001836337
Period of Report: 2021-06-07

Reporting Person: LGACo 1 LLC (N/A)
Reporting Person: Lazard Group LLC (N/A)
Reporting Person: Lazard Ltd (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-07	Class B Ordinary Shares	$	J	25000	Acquired		Class A Ordinary Shares (25000)	Direct

Footnotes

F1: LGACo 1 LLC, a Delaware series limited liability company and the sponsor (the "Sponsor") of Lazard Growth Acquisition Corp. I, a Cayman Islands exempted company (the "Issuer"), is the record holder of 14,275,000 Class B ordinary shares, par value $0.0001 per share (the "Founder Shares"), which will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination, or earlier at the option of the holder thereof, on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like pursuant to certain anti-dilution rights.

F2: As described in the Issuer's registration statement on Form S-1 (File No. 333-252408) under the heading "Principal Shareholders", the Sponsor has issued certain limited liability company interests (the "Series Membership Interests") in various series of the Sponsor, which entitle the holders thereof to economic interests in respect of the Founder Shares. Pursuant to the amended and restated operating agreement of the Sponsor, Lazard Group LLC, a Delaware limited liability company ("Lazard Group"), is the sole manager of the Sponsor and each series thereof and, accordingly, maintains the voting rights attributable to, and the dispositive power in respect of, all of the Founder Shares underlying the Series Membership Interests. LGA HoldCo LLC, a Delaware limited liability company and the Series A Member of the Sponsor ("HoldCo"), has full power to appoint, remove or replace the sole manager of the Sponsor at any time.

F3: HoldCo is a direct wholly owned subsidiary of Lazard Group and an indirect wholly owned subsidiary of Lazard Ltd. As such, Lazard Ltd, through its controlling ownership interests in Lazard Group and HoldCo, has full discretion to manage and control the business and affairs of the Sponsor and each series thereof and is the ultimate control person of the Founder Shares held of record by the Sponsor. Accordingly, each of Lazard Group and Lazard Ltd may be deemed a beneficial owner of Founder Shares held of record by the Sponsor, but disclaims beneficial ownership of any such Founder Shares except to the extent of their respective pecuniary interests therein.

F4: Pursuant to a share transfer agreement, dated as of June 7, 2021, 25,000 Class B ordinary shares of the Issuer were transferred from a former director of the Issuer to Series A of the Sponsor, in connection with the former director's resignation as a director of the Issuer.