James P. Clements - Mar 30, 2023 Form 4 Insider Report for United Homes Group, Inc. (UHG)

Role: Director
Signature: /s/ James P. Clements, By Erin Reeves McGinnis through Power of Attorney
Stock symbol: UHG
Transactions as of: Mar 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/3/2023, 07:09 PM
Previous filing: Jun 2, 2022
Next filing: May 19, 2023

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	Employee stock options (right to buy)	Award	$0	+35.5K		$0.00	35.5K	Mar 30, 2023	Class A Common Stock	35.5K	$2.81	Direct	F1

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

Explanation of Responses:

Id	Content
F1	In connection with the merger of Great Southern Homes, Inc. ("GSH"), a private company, into a wholly owned subsidiary of the Issuer, the Reporting Person received these options to purchase shares of Class A Common Stock in exchange for previously outstanding options to purchase shares of GSH. The options were granted on the effective date of the Merger; 1/4 of the options are currently vested; and the remaining 3/4 of the options will vest in three equal annual installments beginning on 01/19/2024.

Content

In connection with the merger of Great Southern Homes, Inc. ("GSH"), a private company, into a wholly owned subsidiary of the Issuer, the Reporting Person received these options to purchase shares of Class A Common Stock in exchange for previously outstanding options to purchase shares of GSH. The options were granted on the effective date of the Merger; 1/4 of the options are currently vested; and the remaining 3/4 of the options will vest in three equal annual installments beginning on 01/19/2024.