Dehl Jaspreet 4

What Happened
Jaspreet Dehl, Chief Financial Officer of Brookfield Business, recorded dispositions on March 27, 2026 totaling 4,316 BBU-related interests. The filing shows four "Disposition to the issuer (D)" entries: 2,771 units, 107 units, and two derivative dispositions of 53 and 1,385 units. Prices are listed as N/A because these were not open-market cash sales but transfers under a court-approved corporate arrangement in which holders of BBU units and BBHC exchangeable shares received class A subordinated voting shares of the new Brookfield Business Corporation on a one-for-one basis.

Key Details

• Transaction date: March 27, 2026; Form 4 filed March 31, 2026 (accession 0001104659-26-037759).
• Reported dispositions: 2,771; 107; 53 (derivative); and 1,385 (derivative) — total 4,316 units.
• Price: N/A — exchange under a plan of arrangement, not a cash sale.
• Footnotes: Filing notes a court-approved Arrangement (Nov 6, 2025 agreement) that exchanged BBU units and BBHC exchangeable shares one-for-one for class A subordinated voting shares of Brookfield Business Corporation. The derivative entries represent BBHC exchangeable shares that were previously exchangeable into BBU units (or cash) and were converted in the Arrangement. Some holdings were held through a family member (J. Banerjee) per the filing.
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Filing timeliness: no late-filing flag is indicated in the provided data.

Context
This activity reflects a corporate reorganization (a court-approved plan of arrangement) that converted existing BBU limited partnership units and BBHC exchangeable shares into new class A subordinated voting shares of Brookfield Business Corporation. Because the transactions are exchange-based (not open-market sales), they do not necessarily reflect a buy/sell sentiment by the insider. Derivative entries here denote exchangeable-share interests converted under the Arrangement, not option exercises or gifts.