Brookfield Business Partners (BBU) director discloses initial equity holdings

Rhea-AI Filing Summary

Brookfield Business Partners L.P. director Patricia L. Zuccotti has filed an initial Form 3 reporting her ownership in the company’s equity. She directly holds 3,235 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 or its cash equivalent. She also directly owns 4,961 Non-Voting Limited Partnership Units of Brookfield Business Partners L.P., giving investors a clear view of her starting ownership position as a director.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zuccotti Patricia L

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 — 3,235 shares (Direct); Non-Voting Limited Partnership Units — 4,961 shares (Direct)

Footnotes (1)

1. F1. 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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Accepted by SEC EDGAR 03/18/2026 - 04:31 PM Learn about SEC filing dates

FAQ

What does Patricia L. Zuccotti report owning in Brookfield Business Partners (BBU) on this Form 3?

Patricia L. Zuccotti reports direct ownership of 3,235 Class A Exchangeable Subordinate Voting Shares of Brookfield Business Corporation and 4,961 Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. This Form 3 simply discloses her initial holdings as a director, not new transactions.

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

The Class A Exchangeable Subordinate Voting Shares represent equity of Brookfield Business Corporation that can be exchanged into Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. on a one-for-one basis or its cash equivalent, with the payment form determined by Brookfield Business Partners L.P.

How many Non-Voting Limited Partnership Units of BBU does Patricia L. Zuccotti hold?

Patricia L. Zuccotti directly holds 4,961 Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. This holding is reported as part of her initial beneficial ownership statement and shows her direct economic interest in the partnership units alongside her exchangeable share position.

Is there a conversion feature on the exchangeable shares reported for Brookfield Business Partners (BBU)?

Yes, the exchangeable shares carry a conversion feature. The 3,235 Class A Exchangeable Subordinate Voting Shares can be exchanged into an equal number of Non-Voting Limited Partnership Units of Brookfield Business Partners L.P. or its cash equivalent, subject to adjustment for certain capital events.

Does this Brookfield Business Partners (BBU) Form 3 show any insider buying or selling?

No, this Form 3 does not show insider buying or selling. It is an initial statement of beneficial ownership that lists Patricia L. Zuccotti’s existing positions in exchangeable shares and partnership units, without reporting any new purchase or sale transactions.

How is ownership characterized for Patricia L. Zuccotti’s BBU holdings on this Form 3?

All reported holdings are characterized as direct ownership. The filing shows direct beneficial ownership of both the Class A Exchangeable Subordinate Voting Shares and the Non-Voting Limited Partnership Units, with no indication of indirect entities or separate voting or investment authority arrangements.

SEC Form 3

FORM 3

UNITED 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^*

Zuccotti Patricia L

(Last) (First) (Middle)

C/O BROOKFIELD BUSINESS PARTNERS L.P.

73 FRONT STREET, FIFTH FLOOR

(Street)

HAMILTON HM 12

(City) (State) (Zip)

UNITED STATES

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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 Units	4,961	D

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 Exercisable	Expiration Date	Title	Amount or Number of Shares
Class A Exchangeable Subordinate Voting Shares(1)	(1)	(1)	Non-Voting Limited Partnership Units	3,235	(1)	D

Explanation of Responses:

1. 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-Fact	03/18/2026
	** Signature of Reporting Person	Date
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)