Kenneth M. Jacobs - Jul 9, 2024 Form 4 Insider Report for Lazard, Inc. (LAZ)

Signature
/s/ Kenneth M. Jacobs by Shari L. Soloway under a P of A
Stock symbol
LAZ
Transactions as of
Jul 9, 2024
Transactions value $
-$2,989,585
Form type
4
Date filed
7/11/2024, 04:54 PM
Previous filing
Jun 4, 2024
Next filing
Jul 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAZ Common Stock Sale -$1.85M -46.1K -2.33% $40.19 1.94M Jul 9, 2024 Direct F1, F2
transaction LAZ Common Stock Sale -$1.14M -28.3K -5.83% $40.19 457K Jul 9, 2024 By Trust F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 1, 2024.
F2 The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on July 9, 2024 in trades with average execution prices ranging from $40.00 to $40.47, 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 ranges set forth in this report.
F3 The shares are held in the Kenneth M. Jacobs 2005 GRAT, of which the Reporting Person is a co-trustee.