Pennington W. Nieri - 07 Jun 2024 Form 4 Insider Report for United Homes Group, Inc. (UHG)

Signature
/s/ Pennington W. Nieri, By Kathryn Simons through Power of Attorney
Issuer symbol
UHG
Transactions as of
07 Jun 2024
Net transactions value
+$7,015,095
Form type
4
Filing time
11 Jun 2024, 21:19:01 UTC
Previous filing
26 Feb 2024
Next filing
27 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UHG Class A Common Stock Purchase $4,900,000 +980,000 $5.00 980,000 07 Jun 2024 By Nieri Grandchild Trust F1
transaction UHG Class A Common Stock Purchase $1,448,295 +289,659 $5.00 289,659 07 Jun 2024 By White Rock Investments, LLC F2
transaction UHG Class A Common Stock Purchase $666,800 +133,360 $5.00 133,360 10 Jun 2024 By Two Blue Stallions, LLC F3
holding UHG Class A Common Stock 83,332 07 Jun 2024 By PWN Trust 2018 dated 7/17/2018 F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 7, 2024, the MPN Grandchildren's Trust 2023 Dated September 12, 2023 (the "Nieri Grandchild Trust") acquired the subject Class A shares in a private transaction. Pennington W. Nieri, the reporting person, is the trustee of the Nieri Grandchild Trust. Members of the reporting person's immediate family are among the beneficiaries of the Nieri Grandchild Trust. The reporting person disclaims beneficial ownership of the Class A shares held by the Nieri Grandchild Trust except to the extent of his pecuniary interest therein.
F2 On June 7, 2024, White Rock Investments, LLC, a limited liability company of which the reporting person is the sole manager and that is 50% owned by PWN Trust 2021 dated 3/19/21 (the "PWN Trust 2021"), a family trust in which the reporting person is a co-trustee and beneficiary, acquired the subject Class A shares in a private transaction. The reporting person disclaims beneficial ownership of the Class A shares held by White Rock Investments, LLC and indirectly by the PWN Trust 2021 except to the extent of his pecuniary interest therein.
F3 On June 10, 2024, Two Blue Stallions, LLC, a limited liability company of which the reporting person is the sole manager and that is 33% owned by PWN Trust 2021, of which the reporting person is a co-trustee and beneficiary, and 0.34% owned by the reporting person, acquired the subject Class A shares in a private transaction. The reporting person disclaims beneficial ownership of the Class A shares held by Two Blue Stallions, LLC and indirectly by the PWN Trust 2021 except to the extent of his pecuniary interest therein.
F4 These shares are directly owned by PWN Trust 2018 dated 7/17/2018.