LAZ · Lazard, Inc.

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.

The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on August 25, 2026 in trades with average execution prices ranging from $43.14 to $43.93 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.

Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of SP-PIPRs referenced in Footnote (6).

Represents the average of the high and low price of Common Stock on the New York Stock Exchange on the date of the exchange of the SP-PIPRs referenced in Footnote (6).

Shares of Common Stock were acquired upon the exchange of the Stock Price Profits Interest Participation Rights ("SP-PIPRs", previously referred to as Stock Price Performance-based Restricted Participation Units) referenced in Footnote (6).

Represents a prior grant of SP-PIPRs awarded in 2023 for which service and other conditions have been satisfied. The grant was previously reflected in the Company's annual report for the relevant year.

Each SP-PIPR (the service and other conditions of which have been satisfied) represents an interest in Lazard Group LLC that may be exchanged for one share of Common Stock.

Each SP-PIPR represents an interest in Lazard Group LLC that has satisfied its service and other conditions and may be exchanged for one share of Common Stock.

Shares of Common Stock were acquired upon the exchange of the Stock Price Profits Interest Participation Rights ("SP-PIPRs", previously referred to as Stock Price Performance-based Restricted Participation Units) referenced in Footnote (6).

Of these SP-PIPRs, 500,000 are scheduled to vest on or around August 23, 2028, subject to continued service through that date, and 500,000 are scheduled to vest on or around August 23, 2030, subject to the achievement of a stock price milestone and continued service through that date. These SP-PIPRs were previously reported on the Reporting Person's Form 4 filed on February 26, 2024 as Stock Price Performance-based Restricted Participation Units, which reflected the prior grant of such awards in 2023.

The reporting person has made an annual election to receive Deferred Stock Units ("DSUs") under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, in lieu of all or a portion of such reporting person's cash compensation payable pursuant to the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 985 will vest on or around March 18, 2027; 985 will vest on or around March 20, 2028; and 984 will vest on or around March 22, 2029.

Amount excludes 11,829 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 67 will vest on or around March 1, 2027, 58 will vest on or around March 1, 2028, and 20 will vest on or around March 1, 2029.

Amount excludes 1,438 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 1,087 will vest on or around March 1, 2027, 1,174 will vest on or around March 1, 2028, and 1,152 will vest on or around March 1, 2029.

Amount excludes 148,185 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 233 will vest on or around March 1, 2027, 146 will vest on or around March 1, 2028, and 47 will vest on or around March 1, 2029.

Amount excludes 2,889 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 62 will vest on or around March 1, 2027; 53 will vest on or around March 1, 2028; and 19 will vest on or around March 1, 2029.

Amount excludes 1,438 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 214 will vest on or around March 1, 2027; 135 will vest on or around March 1, 2028; and 44 will vest on or around March 1, 2029.

Amount excludes 2,889 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 1,000 will vest on or around March 1, 2027; 1,079 will vest on or around March 1, 2028; and 1,059 will vest on or around March 1, 2029.

Amount excludes 148,185 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 906 will vest on or around March 18, 2027; 906 will vest on or around March 20, 2028; and 904 will vest on or around March 22, 2029.

Amount excludes 11,829 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

The reporting person has made an annual election to receive Deferred Stock Units ("DSUs") under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, in lieu of all or a portion of such reporting person's cash compensation payable pursuant to the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

The reporting person has made an annual election to receive Deferred Stock Units ("DSUs") under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, in lieu of all or a portion of such reporting person's cash compensation payable pursuant to the Non-Executive Director Compensation arrangement.

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

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.

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.

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

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

RSUs vested on March 17, 2026.

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.

The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 17, 2026 in trades with average execution prices ranging from $41.45 to $42.00 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.

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.

The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 17, 2026 in trades with average execution prices ranging from $40.45 to $41.44 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.

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).

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

Of these RSUs, 1,854 will vest on or around March 1, 2027, 1,855 will vest on or around March 1, 2028, and 1,855 will vest on or around March 1, 2029.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

Of these RSUs, 4,327 will vest on or around March 1, 2027, 4,327 will vest on or around March 1, 2028, and 4,328 will vest on or around March 1, 2029.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

These RSUs will vest on or around March 1, 2029.

Shares of Common Stock were acquired upon the exchange of the Restricted Participation Units ("RPUs") referenced in Footnote (7).

Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of RPUs referenced in Footnote (7).

Represents the average of the high and low price of Common Stock on the New York Stock Exchange on the date of the exchange of the RPUs referenced in Footnote (7).

Represents a prior grant of RPUs awarded with respect to compensation for 2022 for which service and other conditions have been satisfied.

Each PRU represents an interest in Lazard Group LLC that may be exchanged for one share of Common Stock.

Shares of Common Stock were acquired upon the exchange of the Restricted Participation Units ("RPUs") referenced in Footnote (7).

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

RSUs vested on March 2, 2026.

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).

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

RSUs vested on March 2, 2026.

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).

Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"), including RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards.

Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"), including RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards.

Amount includes 113,872 shares of Common Stock previously directly or indirectly beneficially owned by the reporting person.

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

RSUs vested on March 2, 2026.

Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"), including RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards.

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).

Amount includes 113,872 shares of Common Stock previously directly or indirectly beneficially owned by the reporting person.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 467 will vest on or around March 16, 2026, 840 will vest on or around March 18, 2027, 840 will vest on or around March 20, 2028, and 837 will vest on or around March 22, 2029.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 58 will vest on or around March 2, 2026, 155 will vest on or around March 1, 2027, and 82 will vest on or around March 1, 2028.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 625 will vest on or around March 2, 2026, 927 will vest on or around March 1, 2027, and 1,001 will vest on or around March 1, 2028.

Amount excludes 113,872 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

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

Of these RSUs, 23 will vest on or around March 2, 2026, 38 will vest on or around March 1, 2027 and 31 will vest on or around March 1, 2028.