Girsky Stephen J 4

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.