David T. Hamamoto - 30 Mar 2023 Form 4 Insider Report for United Homes Group, Inc. (UHG)

Role
Director, Other*
Signature
/s/ David T. Hamamoto
Issuer symbol
UHG
Transactions as of
30 Mar 2023
Net transactions value
$0
Form type
4
Filing time
03 Apr 2023, 17:25:20 UTC
Previous filing
07 Feb 2023
Next filing
22 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UHG Class A Common Stock Other $0 +1,576,694 +126% $0.000000 2,826,694 30 Mar 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UHG Private Placement Warrants Other $0 +1,096,479 $0.000000 1,096,479 30 Mar 2023 UHG Class A Common Shares 1,096,479 $11.50 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 30, 2023, DiamondHead Holdings Corp. (the "Former Issuer") consummated its business combination with Great Southern Homes, Inc., as described on Form S-4 (File No. 333-267820) filed by the Former Issuer with the U.S. Securities and Exchange Commission, which was declared effective on February 14, 2023 and includes a proxy statement/prospectus of the Former Issuer (the "Definitive Proxy"). Pursuant to the terms of the Limited Liability Company Operating Agreement of DHP SPAC-II Sponsor LLC, the Former Issuer's sponsor (the "Sponsor"), dated January 25, 2021 as amended from time to time, the Reporting Person, as a member of the Sponsor, received 1,576,694 UHG Class A Common Shares (as defined in the Definitive Proxy), which were converted from DHHC Class B Shares (as defined in the Definitive Proxy) upon consummation of the business combination, and 1,096,479 Private Placement Warrants (as defined in the Definitive Proxy).

Remarks:

The Reporting Person resigned as an officer of the Former Issuer at the effective time of the business combination.