X0306 4 2022-10-31 true 0001399249 Pzena Investment Management, Inc. PZN 0001408706 Pzena Richard Stanton C/O PZENA INVESTMENT MANAGEMENT LLC 320 PARK AVENUE, 8TH FLOOR NEW YORK NY 10022 true true Chairman, CEO and Co-CIO Class A Common Stock, par value $0.01 2022-10-31 4 U 0 106 9.6 D 0 D Class A Common Stock, par value $0.01 2022-10-31 4 U 0 4100 9.6 D 0 I By Spouse Class B Common Stock, par value $0.000001 2022-10-31 4 U 0 17547719 0 D 0 I Pzena Investment Management, LP Class B Common Stock, par value $0.000001 2022-10-31 4 U 0 42399 0 D 0 I By Spouse Class B Common Stock, par value $0.000001 2022-10-31 4 U 0 7193186 0 D 0 I By Trust Class B Units None 17547719 17547719 I Pzena Investment Management, LP Class B Units None 42399 42399 I By Spouse Class B Units None 7193186 7193186 I By Trust Pursuant to merger agreement between Pzena Investment Management, Inc. (the "Issuer"), Pzena Investment Management, LLC (the "Operating Company") and Panda Merger Sub, LLC (the "Merger Agreement") the Class B Common Stock was canceled at the effective time of the merger for no consideration. Pursuant to the Amended and Restated Agreement of Limited Partnership ("LPA") of Pzena Investment Management, LP ("PIM LP"), dated as of December 30, 2019, whenever a Class B Unit is issued to the Reporting Person, the Reporting Person will be deemed to immediately and automatically contribute such Unit and related Class B common stock, to PIM LP and PIM LP will concurrently issue to him a corresponding limited partnership interest. Pursuant to the LPA, each limited partnership interest in PIM LP will be cancelled upon redemption by the Reporting Person for Class B Units and related Class B common stock subject to the terms of the LPA. The Issuer was the general partner of PIM LP. Represents units of the Operating Company that were reclassified as "Class B Units" of the Operating Company on a one-for-one basis in connection with the amendment and restatement of the Operating Company's operating agreement as of October 30, 2007 (the "Amended Pzena LLC Agreement"), among the Issuer, as the Managing Member of the Operating Company and the holder of certain units of the Operating Company, and the holders of such reclassified units of the Operating Company. Pursuant to the Merger Agreement, the Issuer ceased to exist on October 31, 2022. The securities reported in this row continue to provide ownership in the Operating Company but no longer are derivative securities of the Issuer. /s/Joan F. Berger as attorney-in-fact for Richard Stanton Pzena 2022-11-02