Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Orszag Peter Richard 2. Issuer Name and Ticker or Trading Symbol Lazard, Inc. [LAZ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO & Chairman (Last) (First) (Middle) C/O LAZARD, INC., 30 ROCKEFELLER PLAZA 3. Date of Earliest Transaction (Month/Day/Year) 03/16/2026 (Street) NEW YORK, NY 10112 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) 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 03/16/2026 M 138,340 A (1) 321,614 D Common Stock 03/16/2026 D 41,502(2) D $40.82(3) 280,112 D Common Stock 03/17/2026 S 67,170(4) D $40.7318(5) 212,942 D Common Stock 03/17/2026 S 2,000(4) D $41.6593(6) 210,942 D

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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 Underlying Securities (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 of Derivative Security: 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 Participation Units(7)

(8)

03/16/2026

M

138,340

(1)

(1)

Common Stock

138,340

(8)

168,206

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Orszag Peter Richard C/O LAZARD, INC. 30 ROCKEFELLER PLAZA NEW YORK, NY 10112	X		CEO & Chairman

Signatures

/s/ Peter R. Orszag by Shari L. Soloway under a P of A		03/18/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares of Common Stock were acquired upon the exchange of the Restricted Participation Units ("RPUs") referenced in Footnote (7).
(2)	Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of RPUs referenced in Footnote (7).
(3)	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).
(4)	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.
(5)	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.
(6)	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.
(7)	Represents a prior grant of RPUs awarded with respect to compensation for 2022 for which service and other conditions have been satisfied.
(8)	Each PRU represents an interest in Lazard Group LLC that may be exchanged for one share of Common Stock.

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