Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 42

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 42
---
million and $0.3 million, respectively, and is included within Derivative liability on the Condensed Consolidated Balance Sheets. Restricted stock units (“RSUs”)The following table summarizes the activity relating to the Company’s RSUs:SharesWeighted-average grant date fair value per unitOutstanding, December 31, 202495,000 $6.79 Granted56,800 4.35 Vested(25,675)5.58 Forfeited(5,150)6.77 Outstanding, March 31, 2025120,975 $5.90 Stock-based compensation expense, net of forfeitures, included in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations for time-based restricted stock units was $0.1 million and $0.1 million for the three months ended March 31, 2025 and 2024. As of March 31, 2025, total unrecognized pre-tax compensation expense was $0.6 million related to time-based restricted stock units which is expected to be recognized over a weighted-average period of 2.98 years.Performance-based restricted stock units (“PSUs”)The following table summarizes the activity relating to the Company’s PSUs:SharesWeighted-average grant date fair value per unitOutstanding, December 31, 2024443,500 $3.45 Granted389,750 1.95 Vested— — Forfeited— — Outstanding, March 31, 2025833,250 $2.75 

19

Stock compensation expense for the PSUs is recorded based on the estimated fair value of the equity-based award on the grant date using the Monte Carlo simulation method. Stock-based compensation expense, net of forfeitures, included in the Condensed Consolidated Statements of Operations for PSUs was $0.2 million and $0.1 million for the three months ended March 31, 2025 and 2024. As of March 31, 2025, total unrecognized pre-tax compensation expense was $1.5 million related to the PSUs which is expected to be recognized over a weighted-average period of 1.69 years.Stock warrantsThe Company previously granted an option to non-employee directors to purchase 1,867,368 stock warrants for $0.2 million. Each warrant represents one non-voting common share. The warrants are exercisable