BLIDNER JEFFREY M 4

What Happened

• Jeffrey M. Blidner, a director of Brookfield Business Corp (BBU), recorded dispositions totaling 52,783 units/shares on March 27, 2026. The filing reports six dispositions (16,442; 8,340; 10,407; 8,221; 4,170; 5,203). No cash prices or proceeds are reported (N/A).
• These were not open‑market sales but dispositions to the issuer in connection with a court‑approved plan of arrangement. Under the Arrangement, holders of BBU non‑voting limited partnership units and BBHC class A exchangeable subordinate voting shares received class A subordinated voting shares of the new corporation on a one‑for‑one basis.

Key Details

• Transaction date: March 27, 2026; Form 4 filed March 31, 2026 (reports the March 27 transactions).
• Total disposed: 52,783 units/shares across six disposition entries. Reported price/proceeds: N/A (no cash sale reported).
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnotes of note:
  • F1: Dispositions arose from a court‑approved arrangement (Arrangement) completed March 27, 2026 converting BBU Units and BBHC Exchangeable Shares to class A subordinated voting shares on a one‑for‑one basis.
  • F2/F3: Portions were held through Blidner Family Foundation and Jeffrey Blidner Ltd.
  • F4: Some entries represent BBHC Exchangeable Shares (derivative) that were exchanged in the Arrangement.
• Filing timeliness: Form filed four days after the transactions; the filing does not indicate a late reporting penalty.

Context

• This is a corporate reorganization transaction (exchange into new corporation shares), not a market sale for cash; therefore it does not necessarily reflect a buy/sell sentiment by the insider.
• Some reported items are derivative/exchangeable shares that were converted under the Arrangement rather than exercised options or gifted shares.