Madon Cyrus 4

4 · Brookfield Business Corp · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Brookfield Business (BBU) Exec Chair Madon Cyrus Transfers 137,445 Shares

What Happened

Madon Cyrus, Executive Chairman, recorded dispositions to the issuer on March 27, 2026 for a total of 137,445 units/shares: 91,630 BBU units and 45,815 derivative BBHC exchangeable shares. No per-share price or cash proceeds are reported (price = N/A).
These dispositions were made under a court-approved plan of arrangement (dated Nov 6, 2025) that converted holders’ BBU units and BBHC class A exchangeable subordinate voting shares into class A subordinated voting shares of the new Brookfield Business Corporation on a one-for-one basis. This is a corporate reorganization/recapitalization transaction rather than an open-market sale.

Key Details

Transaction date: March 27, 2026. Form filed: March 31, 2026 (four days after the transaction).
Shares/units disposed: 91,630 BBU units; 45,815 BBHC exchangeable shares (derivative) — total 137,445.
Prices/values: Not reported (N/A); the exchange was effected under the Arrangement (one-for-one exchange into class A subordinated voting shares).
Shares owned after transaction: Not specified in the Form 4 filing.
Notable footnotes: F1 describes the Arrangement completing on March 27, 2026 that caused the exchange; F2 explains BBHC exchangeable shares were exchangeable into BBU units (or cash) prior to the Arrangement and were exchanged one-for-one into the Corporation’s class A subordinated voting shares.
Timeliness: Filed March 31, 2026; Form 4s are typically required within two business days of a transaction, so this filing was submitted four days after the transaction date.

Context

This filing documents an ownership conversion tied to a reorganization (units/exchangeable shares converted into new corporation shares). Because it’s an exchange to the issuer under a court-approved arrangement, it is not the same as a public-market sale and does not necessarily indicate insider buying or selling sentiment.
The derivative line reflects exchangeable shares (BBHC) that were converted as part of the transaction; there is no indication of option exercise, gift, or tax-withholding in this filing.

Form 4Exit

Period: 2026-03-27

Executive Chairman

Transactions

Disposition to Issuer
Non-Voting Limited Partnership Units
[F1]
2026-03-27−91,630→ 0 total
Disposition to Issuer
Class A Exchangeable Subordinate Voting Shares
[F2][F1]
2026-03-27−45,815→ 0 total
→ Non- Voting Limited Partnership Units (45,815 underlying)

Footnotes (2)

[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.
[F2]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.

Signature

/s/ Arin Jonathan Silber, Attorney-in-Fact|2026-03-31

1 file