Girsky Stephen J 4

4 · Brookfield Business Corp · Filed Mar 31, 2026

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Updated Mar 31, 2026

Brookfield Business (BBU) Director Stephen Girsky Sells/Transfers Shares

What Happened

Stephen J. Girsky, a director of Brookfield Business Corp (BBU), recorded dispositions to the issuer on March 27, 2026 totaling 20,100 units/shares: 13,400 and 6,700 (the latter reported as a derivative). No per-share price or cash proceeds are reported because the transfers were completed as part of a court‑approved plan of arrangement converting BBU units and BBHC exchangeable shares into class A subordinated voting shares of the Corporation.

Key Details

Transaction date: March 27, 2026; Form 4 filed March 31, 2026 (timely within the two-business‑day window).
Reported disposals: 13,400 and 6,700 (derivative) — total 20,100 units/shares. Prices shown as N/A (exchange under the Arrangement).
Shares owned after transaction: not specified in the provided filing.
Footnotes: F1/F2 explain these transfers were made pursuant to a November 6, 2025 arrangement agreement and a court‑approved plan of arrangement (section 288, BC Business Corporations Act) that converted BBU Units and BBHC exchangeable shares into class A subordinated voting shares on a one‑for‑one basis.
Transaction code: D (Disposition to issuer); derivative note reflects prior BBHC exchangeable shares that exchanged into the Corporation’s shares.

Context

These were corporate reorganization transfers (not open‑market sales). Because the transfers occurred as part of the plan of arrangement converting partnership/exchangeable units into the Corporation’s shares, the filing does not report sale prices or cash proceeds and should not be read as a typical insider market sale.

Form 4Exit

Period: 2026-03-27

Director

Transactions

Disposition to Issuer
Non-Voting Limited Partnership Units
[F1]
2026-03-27−13,400→ 0 total
Disposition to Issuer
Class A Exchangeable Subordinate Voting Shares
[F2][F1]
2026-03-27−6,700→ 0 total
→ Non-Voting Limited Partnership Units (6,700 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