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  4. [Form 4] Brookfield Business Partners L.P. Insider Trading Activity

Brookfield Business (NYSE: BBU) CFO units disposed in court-approved reorg

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Brookfield Business Corp Chief Financial Officer Jaspreet Dehl reported issuer-directed dispositions of partnership-linked securities as part of a corporate reorganization. On March 27, 2026, non-voting limited partnership units of Brookfield Business Partners L.P. and Class A exchangeable subordinate voting shares of Brookfield Business Holdings Corporation were surrendered to the issuer at a stated price of $0.00 per unit or share.

According to the arrangement described, holders of these BBU units and BBHC exchangeable shares received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis in a court approved plan of arrangement under the Business Corporations Act (British Columbia). Some positions were held directly by Dehl and others indirectly through a family member.

Positive

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Insider Dehl Jaspreet
Role Chief Financial Officer
Type Security Shares Price Value
Disposition Class A Exchangeable Subordinate Voting Shares 53 $0.00 --
Disposition Class A Exchangeable Subordinate Voting Shares 1,385 $0.00 --
Disposition Non-Voting Limited Partnership Units 2,771 $0.00 --
Disposition Non-Voting Limited Partnership Units 107 $0.00 --
Holdings After Transaction: Class A Exchangeable Subordinate Voting Shares — 0 shares (Indirect, See Footnote); Class A Exchangeable Subordinate Voting Shares — 0 shares (Direct); Non-Voting Limited Partnership Units — 0 shares (Direct); Non-Voting Limited Partnership Units — 0 shares (Indirect, See Footnote)
Footnotes (1)
  1. On March 27, 2026, pursuant to an arrangement agreement dated as of November 6, 2025, Brookfield Business Partners L.P. ("BBU"), Brookfield Business Holdings Corporation (formerly Brookfield Business Corporation) ("BBHC") and Brookfield Business Corporation (formerly 1559985 B.C. Ltd.) (the "Corporation") completed a court approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (the "Arrangement"), pursuant to which, among other things, holders of non-voting limited partnership units of BBU (the "BBU Units") and holders of BBHC's class A exchangeable subordinate voting shares (the "BBHC Exchangeable Shares") received class A subordinated voting shares of the Corporation in exchange for their BBU Units and BBHC Exchangeable Shares on a one-for-one basis. As a result of the Arrangement, BBU and BBHC became subsidiaries of the Corporation. This Form 4 represents BBU Units and BBHC Exchangeable Shares transacted pursuant to the Arrangement. Held through J. Banerjee, a member of the reporting person's family. Represents BBHC Exchangeable Shares which, prior to the Arrangement, were exchangeable into BBU Units 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 BBU). Pursuant to the Arrangement, the BBHC Exchangeable Shares were exchanged for class A subordinated voting shares of the Corporation on a one-for-one basis.
Indirect BBHC exchangeable shares disposed 53 Class A exchangeable subordinate voting shares Issuer disposition on March 27, 2026, held indirectly
Direct BBHC exchangeable shares disposed 1,385 Class A exchangeable subordinate voting shares Issuer disposition on March 27, 2026, held directly
Direct BBU non-voting units disposed 2,771 non-voting limited partnership units Issuer disposition on March 27, 2026, held directly
Indirect BBU non-voting units disposed 107 non-voting limited partnership units Issuer disposition on March 27, 2026, held indirectly
Non-voting limited partnership units financial
"holders of non-voting limited partnership units of BBU (the "BBU Units")"
Class A exchangeable subordinate voting shares financial
"holders of BBHC's class A exchangeable subordinate voting shares (the "BBHC Exchangeable Shares")"
court approved plan of arrangement regulatory
"completed a court approved plan of arrangement under section 288"
Business Corporations Act (British Columbia) regulatory
"under section 288 of the Business Corporations Act (British Columbia)"
A provincial law that sets the rules for forming, managing and winding up corporations registered in British Columbia, including how directors and shareholders must act, what information companies must disclose, and how disputes are handled. Investors care because it provides a predictable rulebook — like referees and play-by-play rules in a game — that protects shareholder rights, clarifies management duties and disclosure obligations, and therefore affects a company’s legal risk and investment value.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
X
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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dehl Jaspreet
(Last)(First)(Middle)
C/O BROOKFIELD BUSINESS PARTNERS L.P.
73 FRONT STREET, FIFTH FLOOR
(Street)
HAMILTONHM 12
(City)(State)(Zip)
BERMUDA
(Country)		2. Issuer Name and Ticker or Trading Symbol
Brookfield Business Corp [ BBU ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Non-Voting Limited Partnership Units03/27/2026D2,771D(1)0D
Non-Voting Limited Partnership Units03/27/2026D107D(1)0ISee Footnote(2)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class A Exchangeable Subordinate Voting Shares(3)(1)03/27/2026D53 (1) (1)Non- Voting Limited Partnership Units53(1)0ISee Footnote(2)
Class A Exchangeable Subordinate Voting Shares(3)(1)03/27/2026D1,385 (1) (1)Non- Voting Limited Partnership Units1,385(1)0D
Explanation of Responses:
1. On March 27, 2026, pursuant to an arrangement agreement dated as of November 6, 2025, Brookfield Business Partners L.P. ("BBU"), Brookfield Business Holdings Corporation (formerly Brookfield Business Corporation) ("BBHC") and Brookfield Business Corporation (formerly 1559985 B.C. Ltd.) (the "Corporation") completed a court approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (the "Arrangement"), pursuant to which, among other things, holders of non-voting limited partnership units of BBU (the "BBU Units") and holders of BBHC's class A exchangeable subordinate voting shares (the "BBHC Exchangeable Shares") received class A subordinated voting shares of the Corporation in exchange for their BBU Units and BBHC Exchangeable Shares on a one-for-one basis. As a result of the Arrangement, BBU and BBHC became subsidiaries of the Corporation. This Form 4 represents BBU Units and BBHC Exchangeable Shares transacted pursuant to the Arrangement.
2. Held through J. Banerjee, a member of the reporting person's family.
3. Represents BBHC Exchangeable Shares which, prior to the Arrangement, were exchangeable into BBU Units 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 BBU). Pursuant to the Arrangement, the BBHC Exchangeable Shares were exchanged for class A subordinated voting shares of the Corporation on a one-for-one basis.
/s/ Arin Jonathan Silber, Attorney-in-Fact03/31/2026
** 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 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).
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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Brookfield Business Corp (BBU) report for its CFO?

Brookfield Business Corp’s CFO Jaspreet Dehl reported issuer-directed dispositions of non-voting limited partnership units and Class A exchangeable subordinate voting shares at a stated price of $0.00, connected to a court approved reorganization exchanging these interests for class A subordinated voting shares.

Why did Brookfield Business Corp (BBU) units and exchangeable shares get disposed on March 27, 2026?

The units and exchangeable shares were disposed pursuant to a court approved plan of arrangement dated November 6, 2025, under which holders exchanged their Brookfield Business Partners L.P. units and Brookfield Business Holdings Corporation exchangeable shares for class A subordinated voting shares of Brookfield Business Corporation.

Was Jaspreet Dehl’s Form 4 transaction in BBU an open-market sale?

No. The Form 4 characterizes the transactions as “disposition to issuer” at $0.00 per unit or share, tied to a court approved plan of arrangement, rather than an open-market purchase or sale, indicating a structural reorganization rather than trading activity in the public market.

How were Brookfield Business Partners L.P. units treated in the reported arrangement?

Non-voting limited partnership units of Brookfield Business Partners L.P. were exchanged on a one-for-one basis for class A subordinated voting shares of Brookfield Business Corporation under the plan of arrangement, aligning partnership interests with a single corporate share class for the reorganized structure.

How were Brookfield Business Holdings Corp exchangeable shares treated in the arrangement?

Brookfield Business Holdings Corporation Class A exchangeable subordinate voting shares, previously exchangeable into BBU units or cash, were exchanged one-for-one for class A subordinated voting shares of Brookfield Business Corporation, simplifying holders’ interests into the new corporate security following completion of the arrangement.

Did indirect holdings feature in the Brookfield Business Corp (BBU) CFO’s Form 4?

Yes. Some securities were reported as indirectly held through a family member, identified as J. Banerjee, with the filing noting these indirect positions, while other securities were held directly, reflecting both types of ownership in the reported dispositions under the arrangement.