Pennington W. Nieri - Jun 7, 2024 Form 4 Insider Report for United Homes Group, Inc. (UHG)

Role
Co-Exec. VP - Construction, 10%+ Owner
Signature
/s/ Pennington W. Nieri, By Kathryn Simons through Power of Attorney
Stock symbol
UHG
Transactions as of
Jun 7, 2024
Transactions value $
$7,015,095
Form type
4
Date filed
6/11/2024, 09:19 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UHG Class A Common Stock Purchase $4.9M +980K $5.00 980K Jun 7, 2024 By Nieri Grandchild Trust F1
transaction UHG Class A Common Stock Purchase $1.45M +290K $5.00 290K Jun 7, 2024 By White Rock Investments, LLC F2
transaction UHG Class A Common Stock Purchase $667K +133K $5.00 133K Jun 10, 2024 By Two Blue Stallions, LLC F3
holding UHG Class A Common Stock 83.3K Jun 7, 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.