LACEY JOHN STEWART 4

What Happened Lacey John Stewart, a director, reported dispositions on March 27, 2026: 18,700 BBU units and 9,350 BBHC exchangeable shares (reported as a derivative disposition). No cash price or dollar value is reported — these were converted/exchanged as part of a court‑approved plan of arrangement that converted BBU units and BBHC exchangeable shares into class A subordinated voting shares of Brookfield Business Corporation on a one‑for‑one basis.

Key Details

• Transaction date: March 27, 2026; Form 4 filed March 31, 2026 (not indicated as late).
• Transaction type: Disposition to the issuer (code D). Prices and cash values are listed as N/A because the transfers occurred under the restructuring/arrangement.
• Shares involved: 18,700 BBU units (non‑voting limited partnership units) and 9,350 BBHC exchangeable shares (derivative).
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1/F2 — transactions reflect a court‑approved arrangement (Nov 6, 2025 arrangement agreement) under which BBU units and BBHC exchangeable shares were exchanged one‑for‑one for class A subordinated voting shares of the newly formed Brookfield Business Corporation.

Context This was a corporate reorganization/conversion, not an open‑market sale. The disposition reflects replacement of prior BBU/BBHC securities with shares of the Corporation under the arrangement and does not by itself signal insider buying or selling sentiment. The derivative line (9,350) represents exchangeable shares that were converted under the arrangement.