Sec Form 4 Filing - Feldman Keith A. @ United Homes Group, Inc. - 2023-03-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Feldman Keith A.
2. Issuer Name and Ticker or Trading Symbol
United Homes Group, Inc. [ UHG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
250 PARK AVE. 7TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
03/30/2023
(Street)
NEW YORK, NY10177
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 03/30/2023 J( 1 ) 235,118 A $ 0 235,118 D
Class A Common Stock 03/30/2023 J( 2 ) 137,229 A $ 0 372,347 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Private Placement Warrants $ 11.5 03/30/2023 J( 1 ) 149,520 01/28/2022 03/30/2028 Class A Common Stock 149,520 $ 0 149,520 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Feldman Keith A.
250 PARK AVE. 7TH FLOOR
NEW YORK, NY10177
Chief Financial Officer
Signatures
/s/ Keith Feldman 04/03/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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).
( 2 )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).

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