Brookfield Business director disposes BBU units in reorg

Brookfield Business Corp director David John Hamill reported issuer-driven restructurings of his indirect holdings.

Rhea-AI Filing Summary

Brookfield Business Corp director David John Hamill reported issuer-driven restructurings of his indirect holdings. On March 27, 2026, interests held through Auraway Pty Ltd disposed of 3,895 Class A Exchangeable Subordinate Voting Shares and 12,441 Non-Voting Limited Partnership Units, both at a stated price of $0.00 per unit, leaving zero reported holdings of these securities.

These transactions occurred under a court approved plan of arrangement implemented pursuant to an agreement dated November 6, 2025 among Brookfield Business Partners L.P., Brookfield Business Holdings Corporation and Brookfield Business Corporation. As part of this Arrangement, holders of BBU units and BBHC exchangeable shares received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis, and BBU and BBHC became subsidiaries of the Corporation.

Insider Trade Summary

Disposition: 16,336 shares

Disposition 2 txns

Insider Hamill David John

Role Director

Type	Security	Shares	Price	Value
Disposition	Class A Exchangeable Subordinate Voting Shares	3,895	$0.00	$0.00
Disposition	Non-Voting Limited Partnership Units	12,441	$0.00	$0.00

Holdings After Transaction: Class A Exchangeable Subordinate Voting Shares — 0 contracts (Indirect, See Footnote); Non-Voting Limited Partnership Units — 0 shares (Indirect, See Footnote)

Footnotes (3)

1. F1. 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. F2. Held through Auraway Pty Ltd.
3. F3. 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.

Key Figures

Class A Exchangeable Shares disposed: 3,895 shares Non-Voting LP Units disposed: 12,441 units Post-transaction holdings (each class): 0 shares/units +1 more

4 metrics

Class A Exchangeable Shares disposed 3,895 shares Issuer disposition on March 27, 2026; price $0.00

Non-Voting LP Units disposed 12,441 units Issuer disposition on March 27, 2026; price $0.00

Post-transaction holdings (each class) 0 shares/units Total shares following transaction for both reported securities

Arrangement agreement date November 6, 2025 Date of agreement leading to court approved plan of arrangement

Key Terms

court approved plan of arrangement, non-voting limited partnership units, Class A Exchangeable Subordinate Voting Shares, Business Corporations Act (British Columbia), +1 more

5 terms

court approved plan of arrangement regulatory

"completed a court approved plan of arrangement under section 288"

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"

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.

issuer disposition financial

"transaction_action": "issuer disposition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Brookfield Business Corp (BBU) report for David John Hamill?

Brookfield Business Corp reported that director David John Hamill, through Auraway Pty Ltd, disposed of 3,895 Class A Exchangeable Subordinate Voting Shares and 12,441 Non-Voting Limited Partnership Units. Both were issuer dispositions at a stated price of $0.00 per unit, leaving no reported holdings of these securities.

Were the Brookfield Business Corp (BBU) insider transactions open-market sales?

No, the transactions were coded as issuer dispositions, not open-market sales. The reported price per unit was $0.00, indicating they formed part of a corporate restructuring under a court approved plan of arrangement rather than discretionary trades in the market.

How many Brookfield Business Corp-related units did Auraway Pty Ltd dispose of in total?

Auraway Pty Ltd, associated with director David John Hamill, disposed of 3,895 Class A Exchangeable Subordinate Voting Shares and 12,441 Non-Voting Limited Partnership Units. After these issuer dispositions, the Form 4 shows zero shares remaining for each of these specific security types.

What corporate restructuring affected Brookfield Business Corp (BBU) units and exchangeable shares?

A court approved plan of arrangement under the Business Corporations Act (British Columbia) affected BBU units and BBHC exchangeable shares. Holders received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis, and BBU and BBHC became subsidiaries of Brookfield Business Corporation.

How were BBHC exchangeable shares treated in the Brookfield Business Corp Arrangement?

Before the Arrangement, BBHC exchangeable shares were exchangeable into BBU units or cash equivalent on a one-for-one basis. Under the Arrangement, these BBHC exchangeable shares were exchanged for class A subordinated voting shares of Brookfield Business Corporation on the same one-for-one basis.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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

SEC Form 4

FORM 4

UNITED 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^*

Hamill David John

(Last) (First) (Middle)

C/O BROOKFIELD BUSINESS PARTNERS L.P.

73 FRONT STREET, FIFTH FLOOR

(Street)

HAMILTON HM 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Non-Voting Limited Partnership Units	03/27/2026		D		12,441	D	(1)	0	I	See 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class A Exchangeable Subordinate Voting Shares(3)	(1)	03/27/2026		D			3,895	(1)	(1)	Non-Voting Limited Partnership Units	3,895	(1)	0	I	See Footnote(2)

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 Auraway Pty Ltd.

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-Fact	03/31/2026
	** 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 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)