Lazard, Inc. — Director's Dealing 2025

Sep 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard, Inc. (LAZ)
CIK: 0001311370
Period of Report: 2025-09-09

Reporting Person: Russo Evan L (CEO of Asset Management)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-09	Common Stock	G	15000	—	Disposed	302915	Direct
2025-09-10	Common Stock	S	25000	$55.7064	Disposed	277915	Direct
2025-09-11	Common Stock	S	50000	$56.952	Disposed	227915	Direct

Footnotes

F1: Represents shares of Common Stock that the Reporting Person donated as a bona fide gift to a charitable donor advised fund.

F2: Amount excludes (i) 358,299 Restricted Participation Units directly beneficially owned by the reporting person, and (ii) 1,000,000 Stock Price Performance-based Restricted Participation Units directly beneficially owned by the reporting person.

F3: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on September 10, 2025 in trades with average execution prices ranging from $55.70 to $55.75, inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price range set forth in this report.

F4: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on September 11, 2025 in trades with average execution prices ranging from $56.90 to $57.06, inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price range set forth in this report.