[Form 4] Lazard, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lazard, Inc. executive Christopher Hogbin reported compensation-related equity activity and follow-on share sales. On vesting of prior Restricted Stock Unit (RSU) awards, he acquired 48,332 shares of Common Stock at no cost. The company withheld 24,674 shares to cover tax obligations tied to this vesting.

He then executed open-market sales of 7,885 shares at $40.37 on March 18 and 3,944 shares at $39.37 on March 19 under a pre-arranged Rule 10b5-1 trading plan intended to cover estimated taxes and personal expenditures. Following these transactions, he holds 11,829 Common shares directly and 260,989 RSUs, indicating he retains a substantial equity interest.

Insider Trade Summary 10b5-1

Net Seller: 11,829 shares ($473,593)

Net Sell 5 txns

Insider Hogbin Christopher

Role CEO Asset Management

Sold 11,829 shs ($474K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,944	$39.37	$155K
Sale	Common Stock	7,885	$40.37	$318K
Exercise	Restricted Stock Units	48,332	$0.00	--
Exercise	Common Stock	48,332	$0.00	--
Tax Withholding	Common Stock	24,674	$40.06	$988K

Holdings After Transaction: Common Stock — 11,829 shares (Direct); Restricted Stock Units — 260,989 shares (Direct)

Footnotes (1)

1. Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"). Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (1). Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of RSUs referenced in Footnote (1). This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures. Each RSU represents a contingent right to receive one share of Common Stock. RSUs vested on March 17, 2026.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Hogbin Christopher

(Last) (First) (Middle)

C/O LAZARD, INC.

30 ROCKEFELLER PLAZA

(Street)

NEW YORK NEW YORK 10112

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lazard, Inc. [ LAZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO Asset Management

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/17/2026		M		48,332	A	(1)	48,332	D
Common Stock	03/17/2026		F		24,674(2)	D	$40.06(3)	23,658	D
Common Stock	03/18/2026		S		7,885(4)	D	$40.37	15,773	D
Common Stock	03/19/2026		S		3,944(4)	D	$39.37	11,829	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(5)	03/17/2026		M			48,332	(6)	(6)	Common Stock	48,332	(5)	260,989	D

Explanation of Responses:

1. Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs").

2. Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (1).

3. Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of RSUs referenced in Footnote (1).

4. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.

5. Each RSU represents a contingent right to receive one share of Common Stock.

6. RSUs vested on March 17, 2026.

Remarks:

	/s/ Christopher Hogbin by Shari L. Soloway under a PoA	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)