Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 68

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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– $73 $975 Liabilities:Contingent consideration   liability (a)$4,495 $79 $– $(2,300)$– $2,274 Total Level 3 liabilities$4,495 $79 $– $(2,300)$– $2,274 Three Months Ended September 30, 2024BeginningBalanceNet UnrealizedGains/LossesIncluded InEarnings Purchases/IssuancesSales/Settlements/ForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$611 $9 $– $– $30 $650 Private equity funds264 – – – 12 276 Total Level 3 assets$875 $9 $– $– $42 $926 Liabilities:Contingent consideration   liability$4,389 $53 $– $– $– $4,442 Total Level 3 liabilities$4,389 $53 $– $– $– $4,442 Nine Months Ended September 30, 2024BeginningBalanceNet UnrealizedGains/LossesIncluded InEarningsPurchases/IssuancesSales/SettlementsForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equities$493 $46 $109 $– $2 $650 Private equity funds273 – – – 3 276 Total Level 3 assets$766 $46 $109 $– $5 $926 Liabilities:Contingent consideration   liability (a)$6,583 $159 $– $(2,300)$– $4,442 Total Level 3 liabilities$6,583 $159 $– $(2,300)$– $4,442 _________________________________

22

LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

(a)For the nine month periods ended September 30, 2025 and 2024, settlements represent aggregate cash and noncash settlement of contingent consideration after the acquisition date.  The following tables present, at September 30, 2025 and December 31, 2024, certain