Alexander F. Stern - May 31, 2022 Form 4 Insider Report for Lazard Ltd (LAZ)

Role: President
Signature: Alexander F. Stern by Scott D. Hoffman under a P of A
Stock symbol: LAZ
Transactions as of: May 31, 2022
Transactions value $: -$4,409,600
Form type: 4
Date filed: 6/2/2022, 05:16 PM
Previous filing: Mar 3, 2022
Next filing: Sep 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAZ	Class A Common Stock	Sale	-$2.47M	-70K	-25.07%	$35.29	209K	May 31, 2022	Direct	F1
transaction	LAZ	Class A Common Stock	Other	-$1.94M	-55K	-26.28%	$35.26	154K	May 31, 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects a weighted average purchase price of $35.29 per share, at prices ranging from $35.13 to $35.645 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price.
F2	On May 31, 2022, the reporting person entered into a stock purchase agreement with Lazard Group LLC, a wholly owned subsidiary of the issuer, pursuant to which the reporting person agreed to sell 55,000 shares of Class A Common Stock of the issuer to Lazard Group LLC for a purchase price equal to $35.26 per share, which price represents the New York Stock Exchange closing price of Class A Common Stock on May 31, 2022. The transaction was completed on May 31, 2022.

Content

Reflects a weighted average purchase price of $35.29 per share, at prices ranging from $35.13 to $35.645 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price.

On May 31, 2022, the reporting person entered into a stock purchase agreement with Lazard Group LLC, a wholly owned subsidiary of the issuer, pursuant to which the reporting person agreed to sell 55,000 shares of Class A Common Stock of the issuer to Lazard Group LLC for a purchase price equal to $35.26 per share, which price represents the New York Stock Exchange closing price of Class A Common Stock on May 31, 2022. The transaction was completed on May 31, 2022.