Evan L. Russo - 12 Feb 2025 Form 4 Insider Report for Lazard, Inc. (LAZ)

Signature
/s/ Evan L. Russo by Shari L. Soloway under a P of A
Issuer symbol
LAZ
Transactions as of
12 Feb 2025
Net transactions value
-$6,740,424
Form type
4
Filing time
14 Feb 2025, 16:47:48 UTC
Previous filing
17 Dec 2024
Next filing
17 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAZ Common Stock Sale $1,877,250 -35,000 -16% $53.64 188,448 12 Feb 2025 Direct F1, F2
transaction LAZ Common Stock Sale $1,383,000 -25,000 -13% $55.32 163,448 14 Feb 2025 Direct F2, F3
transaction LAZ Common Stock Sale $2,670,175 -50,000 -59% $53.40 34,336 12 Feb 2025 By LLC F2, F4, F5
transaction LAZ Common Stock Sale $810,000 -15,000 -44% $54.00 19,336 13 Feb 2025 By LLC F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on February 12, 2025 in trades with average execution prices ranging from $53.55 to $53.75, 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.
F2 Amount excludes (i) 198,946 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 February 14, 2025 in trades with average execution prices ranging from $55.30 to $55.40, 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 February 12, 2025 in trades with average execution prices ranging from $53.25 to $53.60, 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.
F5 The shares are held in Jamker Investments LLC, of which the Reporting Person is an authorized individual. Jamker Investments LLC is beneficially owned directly and indirectly (via a trust) by the Reporting Person.