Herkes Anne Ruth 4

What Happened
Anne Herkes, a director of Brookfield Business Corp (BBU), recorded dispositions on March 27, 2026: 1,106 BBU shares and 12,581 derivative units were transferred to the issuer. No per-share price or cash value is reported on the Form 4 (amounts shown as N/A). These transfers were not open-market sales but were made pursuant to a court‑approved plan of arrangement that converted BBU units and related exchangeable shares into class A subordinated voting shares of the new corporation.

Key Details

• Transaction date: March 27, 2026; Form 4 filed March 31, 2026 (filed timely).
• Reported dispositions: 1,106 shares (direct) and 12,581 derivative units (listed as derivative/“D” on the form). Total units transferred = 13,687.
• Price/Value: Not specified on the Form 4 (listed as N/A).
• Shares owned after transaction: Not specified in the excerpt provided (see the full Form 4 for post‑transaction holdings).
• Footnotes: F1/F2 explain these transfers were part of a November 6, 2025 arrangement that exchanged BBU units and BBHC exchangeable shares for class A subordinated voting shares of the reorganized corporation. The 12,581 line relates to BBHC exchangeable shares that were exchangeable into BBU units prior to the arrangement.

Context: These dispositions reflect a corporate reorganization (conversion/exchange under a court‑approved arrangement), not a typical insider market sale. Such transfers are administrative/structural in nature and do not necessarily signal the director’s view on the company’s prospects.