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SCHEDULE 13D/A Filed 2026-04-08 Event 2026-04-07 Intent: CAPITAL-STRUCTURE SEC 0001104659-26-041056 →

BROOKFIELD Corp /ON/ → Brookfield Business Corp BBUC

Stake: 69.00% Shares: 142,749,301 CUSIP: 113006100 Class: Class A subordinate voting shares, no par value
Composite Decision Signal · WATCH (DEVELOPING SETUP) Conviction Score: 55/100 · Filer 90d Win Rate: 80% · Hist. 90d Edge: +3.9%
  • Filer track record (6 filings): 80% 90d win rate, +5.6% 90d edge
  • High conviction ownership stake (69.0%)
  • Active catalyst intent classification: capital-structure
  • 5 NPORT-P mutual funds holding CUSIP
  • Elevated short days-to-cover (10.3 DTC)
AI Analyst Brief conf: high
Brookfield Corp transferred ~33M BBUC Class A shares (~$1B) to affiliated entity Brookfield Wealth Solutions (BNT) at $30.31/share (5-day VWAP), receiving BNT Class C non-voting shares as consideration — an intra-family restructuring that shuffles exposure between paired entities rather than signaling external pressure; BN retains 69% control post-transfer.

Item 4 — Purpose of Transaction

Item 4 of Amendment 1 is hereby amended and restated as follows: On April 8, 2026, BN and Brookfield Wealth Solutions Ltd. ("BNT"), a paired entity to BN, completed the transactions pursuant to the previously announced agreement dated March 31, 2026, between BN and BNT. In accordance with the terms of the agreement, a subsidiary of BN transferred 32,991,863 Class A Shares to a subsidiary of BNT for a price of $30.3105 per Class A Share, for an aggregate purchase price of approximately $1,000,000,000 and as consideration, BN received 18,344,438 class C non-voting shares of BNT with the same aggregate value (the "Class A Share Transfer"). The per share price of the Class A Shares was based on the 5-day volume weighted average price of the Class A Shares (as reported on the Bloomberg Composite) as of the close of trading on April 7, 2026, net of an all-in discount of 8%. The additional Class A Shares owned by BNT following the Class A Share Transfer are subject to the voting agreement between BN and BNT dated as of March 27, 2026, whereby they have agreed that all decisions to be made with respect to the voting of any Class A Shares held by subsidiaries of BNT will be made jointly by mutual agreement of the applicable BNT subsidiary and BN, other than with respect to any Class A Shares subject to any financing arrangements between the applicable BNT subsidiary and wholly-owned subsidiaries of BN. The foregoing description of the voting agreement in this Item 4 does not purport to be complete and, as such, is qualified in its entirety by reference to such agreement, a copy of which was attached as Exhibit 99.3 to Schedule 13D and incorporated by reference herein.

Cross-References

Insider Activity (last 365d)
24 transactions
0 buys · 24 sales · 0 awards/exercises
Issuer Cluster
4 13D/G filings on this issuer
3 other filings besides this one
Filer Track Record
69 filings by this filer
68 other filings in the data moat
Short Interest · settle 2026-10-15
DTC 10.33
2,884,236 shares short · +6.7% vs prior

Post-Filing Returns · since 2026-04-07 on BBUC

+1 day
+1.0%
+5 days
+3.6%
+30 days
-8.3%
+60 days
-8.3%
+90 days
-8.3%
+180 days
-18.7%

Anchor price 32.93 on closest trading day on/after 2026-04-07. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Form 4 Insider Transactions · last 365d

DateInsiderRoleTypeSharesPriceValue
2026-03-27 Zuccotti Patricia L director Disposition 4,961 — —
2026-03-27 Mackenzie Donald William director Disposition 13,430 — —
2026-03-27 LACEY JOHN STEWART director Disposition 18,700 — —
2026-03-27 Herkes Anne Ruth director Disposition 1,106 — —
2026-03-27 Hamill David John director Disposition 12,441 — —
2026-03-27 Girsky Stephen J director Disposition 13,400 — —
2026-03-27 BLIDNER JEFFREY M director Disposition 16,442 — —
2026-03-27 Dehl Jaspreet officer Disposition 2,771 — —
2026-03-27 Madon Cyrus officer Disposition 91,630 — —
2026-03-27 Madon Cyrus officer Disposition 45,815 — —
2026-03-27 Dehl Jaspreet officer Disposition 107 — —
2026-03-27 Dehl Jaspreet officer Disposition 53 — —
2026-03-27 Dehl Jaspreet officer Disposition 1,385 — —
2026-03-27 BLIDNER JEFFREY M director Disposition 8,340 — —
2026-03-27 BLIDNER JEFFREY M director Disposition 10,407 — —
2026-03-27 BLIDNER JEFFREY M director Disposition 8,221 — —
2026-03-27 BLIDNER JEFFREY M director Disposition 4,170 — —
2026-03-27 BLIDNER JEFFREY M director Disposition 5,203 — —
2026-03-27 Girsky Stephen J director Disposition 6,700 — —
2026-03-27 Hamill David John director Disposition 3,895 — —
2026-03-27 Herkes Anne Ruth director Disposition 12,581 — —
2026-03-27 LACEY JOHN STEWART director Disposition 9,350 — —
2026-03-27 Mackenzie Donald William director Disposition 6,715 — —
2026-03-27 Zuccotti Patricia L director Disposition 3,235 — —

Other 13D/G Filings on Brookfield Business Corp

FiledFormFilerStakeShares
2025-11-07 SCHEDULE BROOKFIELD Corp /ON/ 67.80% 142,552,877 view →
2025-09-29 SCHEDULE BROOKFIELD Corp /ON/ 67.80% 142,552,877 view →
2025-02-27 SCHEDULE BROOKFIELD Corp /ON/ 66.30% 142,552,877 view →

Other Filings by BROOKFIELD Corp /ON/

FiledFormIssuerStakeShares
2026-07-23 SCHEDULE 13D/A BROOKFIELD RENEWABLE PARTNERS L.P. — 320,608,493 view →
2026-07-23 SCHEDULE 13D/A BROOKFIELD INFRASTRUCTURE PARTNERS L.P. — 207,999,242 view →
2026-07-23 SCHEDULE 13D/A BROOKFIELD INFRASTRUCTURE CORPORATION — 13,012,789 view →
2026-07-23 SCHEDULE 13D/A Brookfield Renewable Corporation — 44,813,835 view →
2026-07-09 SCHEDULE 13D/A BROOKFIELD REAL ESTATE INCOME TRUST INC. 37.44% 35,605,670 view →
2026-04-06 SCHEDULE 13D/A Brookfield Asset Management Ltd. BAM 72.80% 1,193,021,145 view →
2025-11-07 SCHEDULE Brookfield Business Partners L.P. BBUC 67.80% 142,552,877 view →
2025-11-07 SCHEDULE Brookfield Business Corp 67.50% 47,244,876 view →
2025-09-29 SCHEDULE Brookfield Business Partners L.P. BBUC 67.80% 142,552,877 view →
2025-09-29 SCHEDULE Brookfield Business Corp 67.50% 47,244,876 view →
2025-02-27 SCHEDULE Brookfield Business Partners L.P. BBUC 66.30% 142,552,877 view →
2025-01-08 SCHEDULE TRANSALTA CORP TACPF 9.00% 26,923,345 view →
2023-10-03 SC Brookfield Renewable Corp BEPC — — view →
2023-10-02 SC Brookfield Infrastructure Corp BIPC — — view →
2023-07-10 SC BROOKFIELD REAL ESTATE INCOME TRUST INC. — — view →
2023-06-20 SC Brookfield Renewable Corp BEPC — — view →
2023-06-20 SC Brookfield Renewable Partners L.P. BEPJ — — view →
2022-07-01 SC BROOKFIELD REAL ESTATE INCOME TRUST INC. — — view →
2021-11-22 SC Brookfield Infrastructure Corp BIPC — — view →
2021-11-22 SC Brookfield Infrastructure Partners L.P. BIP-PB — — view →
Showing 20 of 68

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