Ray Shelton Twine III - Mar 30, 2023 Form 3 Insider Report for United Homes Group, Inc. (UHG)

Role: Chief Operating Officer, 10%+ Owner
Signature: /s/ Ray Shelton Twine, By Erin Reeves McGinnis through Power of Attorney
Stock symbol: UHG
Transactions as of: Mar 30, 2023
Transactions value $: $0
Form type: 3
Date filed: 4/3/2023, 05:42 PM
Next filing: May 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UHG	Class A Common Stock						187K	Mar 30, 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
holding	UHG	Rights to Receive Earn Out Shares							Mar 30, 2023	Class A Common Stock	128K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person received these shares of Class A Common Stock of the Issuer in exchange for 500 shares of Class A common stock of Great Southern Homes, Inc. ("GSH"), a private company, in connection with the merger of GSH into a wholly owned subsidiary of the Issuer (the "Merger").
F2	The Reporting Person also received these securities in connection with the Merger. The Earn Out Shares will be issued in up to three potential tranches only if, during a period beginning 90 days after the closing date of the Merger and continuing through the fifth anniversary of the closing date (the "Earn Out Period"), the weighted value trading price exceeds one or more of three targets for the Class A Common Stock within any 30 consecutive trading day period during the Earn Out Period. The Reporting Person will receive 48,173 Earn Out Shares if the trading price so calculated equals or exceeds $12.50; 48,173 shares if it equals or exceeds $15.00; and 32,115 shares if it equals or exceeds $17.50.

Content

The Reporting Person received these shares of Class A Common Stock of the Issuer in exchange for 500 shares of Class A common stock of Great Southern Homes, Inc. ("GSH"), a private company, in connection with the merger of GSH into a wholly owned subsidiary of the Issuer (the "Merger").

The Reporting Person also received these securities in connection with the Merger. The Earn Out Shares will be issued in up to three potential tranches only if, during a period beginning 90 days after the closing date of the Merger and continuing through the fifth anniversary of the closing date (the "Earn Out Period"), the weighted value trading price exceeds one or more of three targets for the Class A Common Stock within any 30 consecutive trading day period during the Earn Out Period. The Reporting Person will receive 48,173 Earn Out Shares if the trading price so calculated equals or exceeds $12.50; 48,173 shares if it equals or exceeds $15.00; and 32,115 shares if it equals or exceeds $17.50.