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

Director at Brookfield Business (BBU) reports issuer dispositions in court-approved share exchange

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

Rhea-AI Filing Summary

Brookfield Business Corp director Stephen J. Girsky reported disposing of securities back to the issuer as part of a corporate reorganization. On March 27, 2026, he returned 6,700 Class A exchangeable subordinate voting shares and 13,400 non-voting limited partnership units in issuer dispositions recorded at a per-share price of $0.0000, leaving no remaining holdings in these specific securities.

According to the court-approved plan of arrangement under the Business Corporations Act (British Columbia), holders of non-voting limited partnership units and Class A exchangeable subordinate voting shares received Class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis. The filing states that these transactions were effected pursuant to this arrangement, indicating a structural exchange rather than open-market buying or selling.

Positive

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Negative

  • None.
Insider Girsky Stephen J
Role Director
Type Security Shares Price Value
Disposition Class A Exchangeable Subordinate Voting Shares 6,700 $0.00 --
Disposition Non-Voting Limited Partnership Units 13,400 $0.00 --
Holdings After Transaction: Class A Exchangeable Subordinate Voting Shares — 0 shares (Direct); Non-Voting Limited Partnership Units — 0 shares (Direct)
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. 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.
Class A exchangeable shares disposed 6,700 shares Disposition to issuer on March 27, 2026
Non-voting LP units disposed 13,400 units Disposition to issuer on March 27, 2026
Price per share reported $0.0000 per share Both dispositions recorded at this price
Shares remaining after Class A exchangeable share disposition 0 shares Total Class A exchangeable subordinate voting shares after transaction
Units remaining after non-voting LP unit disposition 0 units Total non-voting limited partnership units after transaction
plan of arrangement regulatory
"completed a court approved plan of arrangement under section 288"
A plan of arrangement is a formal, court-approved agreement that reorganizes ownership or assets of a company—such as merging businesses, exchanging shares for cash or other securities, or splitting off parts of the company. Investors should care because it can change the value, number, and rights of their holdings and is often binding once approved by both shareholders and a court, offering more legal certainty than a simple vote. Think of it as a legally supervised recipe for how a company will be reshaped and who ends up with what.
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")"
Class A subordinated voting shares financial
"received class A subordinated voting shares of the Corporation in exchange"
Business Corporations Act (British Columbia) regulatory
"plan of arrangement 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*
Girsky Stephen J
(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)
XDirector10% 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)
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 Units03/27/2026D13,400D(1)0D
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(2)(1)03/27/2026D6,700 (1) (1)Non-Voting Limited Partnership Units6,700(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. 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 did Brookfield Business Corp (BBU) director Stephen J. Girsky report in this Form 4?

Stephen J. Girsky reported disposing of securities back to the issuer. He returned 6,700 Class A exchangeable subordinate voting shares and 13,400 non-voting limited partnership units as part of a court-approved reorganization, with no open-market buying or selling disclosed.

Were Stephen J. Girsky’s Brookfield Business (BBU) transactions open-market sales?

The transactions were not open-market sales. They are coded as issuer dispositions at a reported price of $0.0000 per share and occurred pursuant to a court-approved plan of arrangement, which exchanged existing units and shares into new Class A subordinated voting shares.

How many Brookfield Business Corp (BBU) Class A exchangeable shares did Girsky dispose of?

He disposed of 6,700 Class A exchangeable subordinate voting shares. These represented BBHC exchangeable shares that were previously exchangeable into non-voting limited partnership units and, under the arrangement, were exchanged one-for-one into Class A subordinated voting shares of Brookfield Business Corporation.

What happened to Girsky’s non-voting limited partnership units in Brookfield Business (BBU)?

He disposed of 13,400 non-voting limited partnership units in a transaction coded as a disposition to the issuer. Under the plan of arrangement, holders of these units received Class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis, reflecting a structural conversion.

What is the corporate arrangement affecting Brookfield Business Corp (BBU) units and shares?

Brookfield Business Partners L.P., Brookfield Business Holdings Corporation and Brookfield Business Corporation completed a court-approved plan of arrangement. Holders of non-voting limited partnership units and BBHC Class A exchangeable subordinate voting shares received Class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis.

Does Stephen J. Girsky still hold the reported Brookfield Business (BBU) securities after this filing?

After these transactions, his reported holdings of the specific securities are zero. The Form 4 shows total shares following the disposition as 0.0000 for both the Class A exchangeable subordinate voting shares and the non-voting limited partnership units that were exchanged under the arrangement.