LAZ

SEC source: 0001628280-26-009216 · wk-form4_1771452206.xml · derivative · entry 1

Alper Andrew M · CIK 0001402373 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 98,849

Underlying: Common Stock · 721 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-26-009218 · wk-form4_1771452214.xml · derivative · entry 1

Howe Stephen R. Jr. · CIK 0001760676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,398

Underlying: Common Stock · 83 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0002006999-25-000006 · wk-form4_1765231405.xml · derivative · entry 1

Hogbin Christopher · CIK 0002006999 · CEO Asset Management

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 306,337

Underlying: Common Stock · 306,337 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

F3 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F2 · derivative.exercise_date: Of these RSUs, 47,865 will vest on or around March 16, 2026, 86,158 will vest on or around March 18, 2027, 86,157 will vest on or around March 20, 2028, and 86,157 will vest on or around March 22, 2029.

F2 · derivative.expiration_date: Of these RSUs, 47,865 will vest on or around March 16, 2026, 86,158 will vest on or around March 18, 2027, 86,157 will vest on or around March 20, 2028, and 86,157 will vest on or around March 22, 2029.

SEC source: 0001402373-25-000005 · wk-form4_1763417243.xml · derivative · entry 1

Alper Andrew M · CIK 0001402373 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 98,128

Underlying: Common Stock · 728 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001760676-25-000008 · wk-form4_1763417237.xml · derivative · entry 1

Howe Stephen R. Jr. · CIK 0001760676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,315

Underlying: Common Stock · 83 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001777410-25-000005 · wk-form4_1763417231.xml · derivative · entry 1

Soto Alexandra · CIK 0001777410 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 261,934

Underlying: Common Stock · 2,622 shares

Expires not disclosed

F1 · security: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of Common Stock.

F2 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F3 · derivative.exercise_date: Of these RSUs, 642 will vest on or around March 2, 2026, 952 will vest on or around March 1, 2027, and 1,028 will vest on or around March 1, 2028.

F3 · derivative.expiration_date: Of these RSUs, 642 will vest on or around March 2, 2026, 952 will vest on or around March 1, 2027, and 1,028 will vest on or around March 1, 2028.

F4 · balance_after: Amount excludes 113,872 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

SEC source: 0001995399-25-000007 · wk-form4_1763417225.xml · derivative · entry 1

Gathy Michael · CIK 0001995399 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,353

Underlying: Common Stock · 95 shares

Expires not disclosed

F1 · security: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

F2 · price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

F3 · derivative.exercise_date: Of these RSUs, 23 will vest on or around March 2, 2026, 40 will vest on or around March 1, 2027, and 32 will vest on or around March 1, 2028.

F3 · derivative.expiration_date: Of these RSUs, 23 will vest on or around March 2, 2026, 40 will vest on or around March 1, 2027, and 32 will vest on or around March 1, 2028.

SEC source: 0001837678-25-000005 · wk-form4_1758154006.xml · nonDerivative · entry 3

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 183,274

F4 · shares: 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.

F5 · price: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on September 16, 2025 in trades with average execution prices ranging from $53.76 to $54.53 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.

SEC source: 0002085483-25-000004 · wk-form4_1758227408.xml · derivative · entry 1

Shevelenko Dmitry · CIK 0002085483 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,126

Underlying: Common Stock · 2,126 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001837678-25-000005 · wk-form4_1758154006.xml · derivative · entry 4

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 64,949 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · security: Represents a prior grant of RSUs awarded for which service and other conditions have been satisfied.

F7 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of Common Stock.

F7 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F1 · derivative.exercise_date: Shares of Common Stock were acquired upon the exchange of a prior grant of Restricted Stock Units ("RSUs") into shares of Common Stock.

F1 · derivative.expiration_date: Shares of Common Stock were acquired upon the exchange of a prior grant of Restricted Stock Units ("RSUs") into shares of Common Stock.

F8 · balance_after: Amount excludes a prior grant of 1,250,000 Stock Price Performance-based Restricted Participation Units and 306,546 Restricted Participation Units, each of which was reflected in the Company's proxy statement for the relevant year.

SEC source: 0001837678-25-000005 · wk-form4_1758154006.xml · nonDerivative · entry 2

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 215,749

F2 · shares: Represents shares of Common Stock sold to the Company to cover estimated taxes.

F3 · price: Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the exchange date of the RSUs referenced in Footnote (6).

SEC source: 0001837678-25-000005 · wk-form4_1758154006.xml · nonDerivative · entry 1

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 235,234

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Shares of Common Stock were acquired upon the exchange of a prior grant of Restricted Stock Units ("RSUs") into shares of Common Stock.

SEC source: 0001717489-25-000003 · wk-form4_1757633247.xml · nonDerivative · entry 3

Russo Evan L · CIK 0001717489 · CEO of Asset Management

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 227,915

F4 · price: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on September 11, 2025 in trades with average execution prices ranging from $56.90 to $57.06, 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 · balance_after: Amount excludes (i) 358,299 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.

SEC source: 0001717489-25-000003 · wk-form4_1757633247.xml · nonDerivative · entry 2

Russo Evan L · CIK 0001717489 · CEO of Asset Management

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 277,915

F3 · price: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on September 10, 2025 in trades with average execution prices ranging from $55.70 to $55.75, 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 · balance_after: Amount excludes (i) 358,299 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.

SEC source: 0001995399-25-000005 · wk-form4_1757633189.xml · nonDerivative · entry 1

Gathy Michael · CIK 0001995399 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F1 · balance_after: Amount excludes 9,258 Restricted Stock Units directly or indirectly beneficially owned by the reporting person.

SEC source: 0001717489-25-000003 · wk-form4_1757633247.xml · nonDerivative · entry 1

Russo Evan L · CIK 0001717489 · CEO of Asset Management

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 302,915

F1 · shares: Represents shares of Common Stock that the Reporting Person donated as a bona fide gift to a charitable donor advised fund.

F2 · balance_after: Amount excludes (i) 358,299 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.

SEC source: 0001777410-25-000003 · wk-form4_1755634979.xml · derivative · entry 1

Soto Alexandra · CIK 0001777410 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 259,312

Underlying: Common Stock · 2,380 shares

Expires not disclosed

F1 · security: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of Common Stock.

F2 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F3 · derivative.exercise_date: Of these RSUs, 583 will vest on or around March 2, 2026, 864 will vest on or around March 1, 2027, and 933 will vest on or around March 1, 2028.

F3 · derivative.expiration_date: Of these RSUs, 583 will vest on or around March 2, 2026, 864 will vest on or around March 1, 2027, and 933 will vest on or around March 1, 2028.

F4 · balance_after: Amount excludes 113,872 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

SEC source: 0001628280-25-040815 · wk-form4_1755634791.xml · derivative · entry 1

Alper Andrew M · CIK 0001402373 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 97,400

Underlying: Common Stock · 651 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001995399-25-000003 · wk-form4_1755635059.xml · derivative · entry 1

Gathy Michael · CIK 0001995399 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,258

Underlying: Common Stock · 86 shares

Expires not disclosed

F1 · security: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of Common Stock.

F2 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F3 · derivative.exercise_date: Of these RSUs, 21 will vest on or around March 2, 2026, 35 will vest on or around March 1, 2027, and 30 will vest on or around March 1, 2028.

F3 · derivative.expiration_date: Of these RSUs, 21 will vest on or around March 2, 2026, 35 will vest on or around March 1, 2027, and 30 will vest on or around March 1, 2028.

F4 · balance_after: Amount excludes 617 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

SEC source: 0001837678-25-000003 · wk-form4_1755634910.xml · derivative · entry 1

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,949

Underlying: Common Stock · 596 shares

Expires not disclosed

F1 · security: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of Common Stock.

F2 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F3 · derivative.exercise_date: The RSUs vest on or around September 3, 2025.

F3 · derivative.expiration_date: The RSUs vest on or around September 3, 2025.

F4 · balance_after: Amount excludes 170,285 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

SEC source: 0001760676-25-000006 · wk-form4_1755634846.xml · derivative · entry 1

Howe Stephen R. Jr. · CIK 0001760676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,232

Underlying: Common Stock · 74 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-031382 · wk-form4_1749851246.xml · nonDerivative · entry 1

Soto Alexandra · CIK 0001777410 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,872

F1 · shares: Represents shares of Common Stock sold to the Company to cover personal expenditures.

F2 · price: Represents the New York Stock Exchange closing price of Common Stock on the transaction date.

F3 · balance_after: Amount excludes 256,932 restricted stock units directly or indirectly beneficially owned by the Reporting Person.

SEC source: 0001628280-25-029431 · wk-form4_1749073840.xml · derivative · entry 1

Harrison Peter · CIK 0002059823 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,892

Underlying: Common Stock · 3,992 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-029429 · wk-form4_1749073829.xml · derivative · entry 1

Jarrard Michelle · CIK 0001693850 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,379

Underlying: Common Stock · 3,992 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-029428 · wk-form4_1749073818.xml · derivative · entry 1

Alper Andrew M · CIK 0001402373 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 96,749

Underlying: Common Stock · 4,056 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-029425 · wk-form4_1749073796.xml · derivative · entry 1

SCHULMAN DANIEL H · CIK 0001215315 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,679

Underlying: Common Stock · 4,753 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-029432 · wk-form4_1749073851.xml · derivative · entry 1

Achleitner Ann-Kristin · CIK 0001757273 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,259

Underlying: Common Stock · 3,992 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-029426 · wk-form4_1749073807.xml · derivative · entry 1

Knobloch Iris · CIK 0001605471 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 38,150

Underlying: Common Stock · 3,992 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-029424 · wk-form4_1749073785.xml · derivative · entry 1

Howe Stephen R. Jr. · CIK 0001760676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,158

Underlying: Common Stock · 4,119 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-026921 · wk-form4_1747777428.xml · derivative · entry 1

Soto Alexandra · CIK 0001777410 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 256,932

Underlying: Common Stock · 2,743 shares

Expires not disclosed

F1 · security: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of Common Stock.

F2 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F3 · derivative.exercise_date: Of these RSUs, 672 will vest on or around March 2, 2026; 996 will vest on or around March 1, 2027; and 1,075 will vest on or around March 1, 2028.

F3 · derivative.expiration_date: Of these RSUs, 672 will vest on or around March 2, 2026; 996 will vest on or around March 1, 2027; and 1,075 will vest on or around March 1, 2028.

F4 · balance_after: Amount excludes 199,766 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

SEC source: 0001628280-25-026923 · wk-form4_1747777450.xml · derivative · entry 1

Gathy Michael · CIK 0001995399 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,172

Underlying: Common Stock · 100 shares

Expires not disclosed

F1 · security: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of Common Stock.

F2 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F3 · derivative.exercise_date: Of these RSUs, 25 will vest on or around March 2, 2026; 40 will vest on or around March 1, 2027; and 35 will vest on or around March 1, 2028.

F3 · derivative.expiration_date: Of these RSUs, 25 will vest on or around March 2, 2026; 40 will vest on or around March 1, 2027; and 35 will vest on or around March 1, 2028.

F4 · balance_after: Amount excludes 617 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

SEC source: 0001628280-25-026922 · wk-form4_1747777439.xml · derivative · entry 1

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,353

Underlying: Common Stock · 687 shares

Expires not disclosed

F1 · security: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of Common Stock.

F2 · price: Each RSU represents a contingent right to receive one share of Common Stock.

F3 · derivative.exercise_date: The RSUs vest on or around September 3, 2025.

F3 · derivative.expiration_date: The RSUs vest on or around September 3, 2025.

F4 · balance_after: Amount excludes 170,285 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

SEC source: 0001628280-25-026594 · wk-form4_1747689064.xml · derivative · entry 1

Alper Andrew M · CIK 0001402373 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,693

Underlying: Common Stock · 775 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-026596 · wk-form4_1747689091.xml · derivative · entry 1

Howe Stephen R. Jr. · CIK 0001760676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,039

Underlying: Common Stock · 88 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-015176 · wk-form4_1743108590.xml · derivative · entry 1

Harrison Peter · CIK 0002059823 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 900

Underlying: Common Stock · 900 shares

Expires not disclosed

F1 · security: 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.

F2 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

SEC source: 0001628280-25-013284 · wk-form4_1742251374.xml · nonDerivative · entry 6

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 170,285

F5 · shares: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.

F9 · price: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 17, 2025 in trades with average execution prices ranging from $45.81 to $46.11, 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.

F2 · balance_after: Amount excludes 63,666 restricted stock units directly or indirectly beneficially owned by the Reporting Person.

SEC source: 0001628280-25-013284 · wk-form4_1742251374.xml · nonDerivative · entry 5

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 196,637

F5 · shares: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.

F8 · price: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 17, 2025 in trades with average execution prices ranging from $44.80 to $45.80, 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.

F2 · balance_after: Amount excludes 63,666 restricted stock units directly or indirectly beneficially owned by the Reporting Person.

SEC source: 0001628280-25-013283 · wk-form4_1742251364.xml · derivative · entry 4

Soto Alexandra · CIK 0001777410 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 254,189

Underlying: Common Stock · 99,660 shares

Expires not disclosed

F6 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

F6 · price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

F7 · derivative.exercise_date: These RSUs will vest on or around March 1, 2028.

F7 · derivative.expiration_date: These RSUs will vest on or around March 1, 2028.

SEC source: 0001628280-25-013281 · wk-form4_1742251354.xml · derivative · entry 4

Russo Evan L · CIK 0001717489 · CEO of Asset Management

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 358,299

Underlying: Common Stock · 159,353 shares

Expires not disclosed

F8 · derivative.exercise_price: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

F9 · price: Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Common Stock.

F8 · derivative.exercise_date: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

F8 · derivative.expiration_date: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

F7 · balance_after: Amount excludes a prior grant of 1,000,000 Stock Price Performance-based Restricted Participation Units, which was reflected in the Company's proxy statement for the relevant year.

SEC source: 0001628280-25-013285 · wk-form4_1742251384.xml · derivative · entry 1

Betsch Mary Ann · CIK 0001950604 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 88,040

Underlying: Common Stock · 57,737 shares

Expires not disclosed

F1 · derivative.exercise_price: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

F2 · price: Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Common Stock.

F1 · derivative.exercise_date: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

F1 · derivative.expiration_date: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

SEC source: 0001628280-25-013280 · wk-form4_1742251278.xml · derivative · entry 1

Gathy Michael · CIK 0001995399 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,072

Underlying: Common Stock · 4,666 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

F1 · price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

F2 · derivative.exercise_date: Of these RSUs, 1,556 will vest on or around March 1, 2027 and 3,110 will vest on or around March 1, 2028.

F2 · derivative.expiration_date: Of these RSUs, 1,556 will vest on or around March 1, 2027 and 3,110 will vest on or around March 1, 2028.

F3 · balance_after: Amount excludes 617 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

SEC source: 0001628280-25-013284 · wk-form4_1742251374.xml · derivative · entry 8

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 306,546

Underlying: Common Stock · 168,206 shares

Expires not disclosed

F13 · derivative.exercise_price: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

F14 · price: Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Common Stock.

F13 · derivative.exercise_date: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

F13 · derivative.expiration_date: These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.

F12 · balance_after: Amount excludes a prior grant of 1,250,000 Stock Price Performance-based Restricted Participation Units, which was reflected in the Company's proxy statement for the relevant year.

SEC source: 0001628280-25-013284 · wk-form4_1742251374.xml · nonDerivative · entry 4

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 234,824

F5 · shares: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.

F7 · price: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 14, 2025 in trades with average execution prices ranging from $45.32 to $45.87 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.

F2 · balance_after: Amount excludes 63,666 restricted stock units directly or indirectly beneficially owned by the Reporting Person.

SEC source: 0001628280-25-013284 · wk-form4_1742251374.xml · nonDerivative · entry 3

Orszag Peter Richard · CIK 0001837678 · Director · CEO & Chairman

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 272,155

F5 · shares: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.

F6 · price: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 14, 2025 in trades with average execution prices ranging from $44.31 to $45.31 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.

F2 · balance_after: Amount excludes 63,666 restricted stock units directly or indirectly beneficially owned by the Reporting Person.

SEC source: 0001628280-25-013283 · wk-form4_1742251364.xml · derivative · entry 3

Soto Alexandra · CIK 0001777410 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 110,638 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · security: Represents a prior grant of PRSUs awarded with respect to compensation for 2021 of which performance conditions have been satisfied. The grant at target was reflected in the Company's proxy statement for the relevant year.

F5 · derivative.exercise_price: Each PRSU (the performance and other conditions of which have been satisfied) represents a contingent right to receive one share of Common Stock.

F5 · price: Each PRSU (the performance and other conditions of which have been satisfied) represents a contingent right to receive one share of Common Stock.

F1 · derivative.exercise_date: Shares of Common Stock were acquired upon the vesting of the Performance-based Restricted Stock Units ("PRSUs") referenced in Footnote (5).

F1 · derivative.expiration_date: Shares of Common Stock were acquired upon the vesting of the Performance-based Restricted Stock Units ("PRSUs") referenced in Footnote (5).

SEC source: 0001628280-25-013283 · wk-form4_1742251364.xml · nonDerivative · entry 2

Soto Alexandra · CIK 0001777410 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 199,766

F2 · shares: Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of PRSUs referenced in Footnote (5).

F3 · price: Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of the PRSUs referenced in Footnote (5).

SEC source: 0001628280-25-013283 · wk-form4_1742251364.xml · nonDerivative · entry 1

Soto Alexandra · CIK 0001777410 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 251,766

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Shares of Common Stock were acquired upon the vesting of the Performance-based Restricted Stock Units ("PRSUs") referenced in Footnote (5).

SEC source: 0001628280-25-013281 · wk-form4_1742251354.xml · derivative · entry 3

Russo Evan L · CIK 0001717489 · CEO of Asset Management

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 254,467 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · security: Represents a prior grant of PRPUs awarded with respect to compensation for 2021 of which performance and other conditions have been satisfied. The grant at target was reflected in the Company's proxy statement for the relevant year.

F6 · derivative.exercise_price: Each PRPU (the performance 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.

F6 · price: Each PRPU (the performance 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.

F1 · derivative.exercise_date: Shares of Common Stock were acquired upon the exchange of the Performance-based Restricted Participation Units ("PRPUs") referenced in Footnote (5).

F1 · derivative.expiration_date: Shares of Common Stock were acquired upon the exchange of the Performance-based Restricted Participation Units ("PRPUs") referenced in Footnote (5).

F7 · balance_after: Amount excludes a prior grant of 1,000,000 Stock Price Performance-based Restricted Participation Units, which was reflected in the Company's proxy statement for the relevant year.

SEC source: 0001628280-25-013281 · wk-form4_1742251354.xml · nonDerivative · entry 2

Russo Evan L · CIK 0001717489 · CEO of Asset Management

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 317,915

F3 · shares: Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of the PRPUs referenced in Footnote (5).

F4 · price: 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 PRPUs referenced in Footnote (5).

F2 · balance_after: Excludes 19,336 shares 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.

SEC source: 0001628280-25-013281 · wk-form4_1742251354.xml · nonDerivative · entry 1

Russo Evan L · CIK 0001717489 · CEO of Asset Management

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 417,915

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Shares of Common Stock were acquired upon the exchange of the Performance-based Restricted Participation Units ("PRPUs") referenced in Footnote (5).

F2 · balance_after: Excludes 19,336 shares 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.