LGACo 1 LLC - Jun 7, 2021 Form 4 Insider Report for Lazard Growth Acquisition Corp. I (LGAC)

Role: Director, 10%+ Owner
Signature: /s/ Alexander Stern, as President for LGACo 1 LLC
Stock symbol: LGAC
Transactions as of: Jun 7, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/8/2021, 07:20 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LGAC	Class B Ordinary Shares	Other	$0	+25K	+0.18%	$0.00	14.3M	Jun 7, 2021	Class A Ordinary Shares	25K		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Remarks:

Alexander F. Stern, who serves as President of Lazard Ltd and Lazard Group, which is the direct parent of HoldCo and the indirect parent of the Sponsor, is the Executive Chairman and a Director of the Issuer. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each of the reporting persons may be deemed a director by deputization with respect to the Issuer on the basis of Mr. Stern's service on the Issuer's board of directors.