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Brookfield Business Partners (BBU) director discloses indirect unit and share stakes

(Neutral)
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Brookfield Business Partners L.P. director David John Hamill filed an initial ownership report showing indirect positions in the company. Holdings are held through Auraway Pty Ltd and include 3,895 Class A Exchangeable Subordinate Voting Shares of Brookfield Business Corporation and 12,441 Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. The Class A shares are exchangeable on a one-for-one basis into Non-Voting Limited Partnership Units or their cash equivalent at Brookfield Business Partners L.P.’s election.

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Insider Hamill David John
Role Director
Type Security Shares Price Value
holding Class A Exchangeable Subordinate Voting Shares -- -- --
holding Non-Voting Limited Partnership Units -- -- --
Holdings After Transaction: Class A Exchangeable Subordinate Voting Shares — 3,895 shares (Indirect, See Footnote); Non-Voting Limited Partnership Units — 12,441 shares (Indirect, See Footnote)
Footnotes (2)
  1. F1. Held through Auraway Pty Ltd.
  2. F2. Represents Class A Exchangeable Subordinate Voting Shares of Brookfield Business Corporation which are exchangeable into Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. on a one-for-one basis (subject to adjustment to reflect certain capital events) or its cash equivalent (the form of payment to be determined at the election of Brookfield Business Partners L.P.).

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FAQ

What insider holdings did Hamill report in Brookfield Business Partners (BBU)?

David John Hamill reported indirect ownership of 3,895 Class A Exchangeable Subordinate Voting Shares and 12,441 Non-Voting Limited Partnership Units. These positions are disclosed as of the filing date and reflect his baseline beneficial ownership in Brookfield Business Partners’ structure.

How are Hamill’s Brookfield Business Partners (BBU) shares held?

The holdings are held indirectly through Auraway Pty Ltd, as noted in the footnotes. This means the securities are registered to that entity, while Hamill is the reporting person responsible for disclosing beneficial ownership under insider reporting rules.

What are the Class A Exchangeable Subordinate Voting Shares disclosed for BBU?

Hamill reports 3,895 Class A Exchangeable Subordinate Voting Shares of Brookfield Business Corporation. According to the disclosure, each of these shares is exchangeable into one Non-Voting Limited Partnership Unit of Brookfield Business Partners L.P. or its cash equivalent at the partnership’s election.

What Non-Voting Limited Partnership Units did Hamill report for Brookfield Business Partners (BBU)?

He reported indirect ownership of 12,441 Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. These units represent an economic interest in the partnership and are part of his overall disclosed ownership position in the Brookfield Business structure.

Is this Brookfield Business Partners (BBU) filing a buy or sell transaction?

The disclosure is a Form 3, which reports initial beneficial ownership rather than a new purchase or sale. The entries are categorized as holdings, with no transaction codes indicating open-market buys, sales, or other changes in position.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Hamill David John

(Last)(First)(Middle)
C/O BROOKFIELD BUSINESS PARTNERS L.P.
73 FRONT STREET, FIFTH FLOOR

(Street)
HAMILTONHM 12

(City)(State)(Zip)

BERMUDA

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026
3. Issuer Name and Ticker or Trading Symbol
Brookfield Business Partners L.P. [ BBU ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-Voting Limited Partnership Units12,441ISee Footnote(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Class A Exchangeable Subordinate Voting Shares(2) (2) (2)Non-Voting Limited Partnership Units3,895(2)ISee Footnote(1)
Explanation of Responses:
1. Held through Auraway Pty Ltd.
2. Represents Class A Exchangeable Subordinate Voting Shares of Brookfield Business Corporation which are exchangeable into Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. on a one-for-one basis (subject to adjustment to reflect certain capital events) or its cash equivalent (the form of payment to be determined at the election of Brookfield Business Partners L.P.).
Remarks:
Exhibit List - Exhibit 24 - Power of Attorney
/s/ Arin Jonathan Silber, Attorney-in-Fact03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)