Keith A. Feldman - 30 Mar 2023 Form 4 Insider Report for United Homes Group, Inc. (UHG)

Role: Chief Financial Officer
Signature: /s/ Keith Feldman
Issuer symbol: UHG
Transactions as of: 30 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Apr 2023, 17:30:45 UTC
Previous filing: 07 Feb 2023
Next filing: 30 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	+235,118		$0.000000	235,118	30 Mar 2023	Direct	F1
transaction	UHG	Class A Common Stock	Other	$0	+137,229	+58%	$0.000000	372,347	30 Mar 2023	Direct	F2

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	+149,520		$0.000000	149,520	30 Mar 2023	Class A Common Stock	149,520	$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 235,118 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 149,520 Private Placement Warrants (as defined in the Definitive Proxy).
F2	Pursuant to the terms of the Distribution Agreement, dated March 29, 2023, the Reporting Person was entitled to receive 137,229 shares of DHHC Class A Common Shares (as defined in the Definitive Proxy).

Content

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 235,118 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 149,520 Private Placement Warrants (as defined in the Definitive Proxy).

Pursuant to the terms of the Distribution Agreement, dated March 29, 2023, the Reporting Person was entitled to receive 137,229 shares of DHHC Class A Common Shares (as defined in the Definitive Proxy).