Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 101

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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ivative stock option liability— — 164 164 Total derivative liability15,956 — 35,261 51,217 Contingent consideration— — 837 837 Total fair value$15,956 $— $36,098 $52,054 Fair Value Measurements as of December 31, 2024Level 1Level 2Level 3TotalContingent earnout liability$— $— $28,213 $28,213 Derivative private placement warrant liability— — 2,907 2,907 Derivative public warrant liability7,763 — — 7,763 Derivative stock option liability— — 275 275 Total derivative liability7,763 — 31,395 39,158 Contingent consideration— — 1,225 1,225 Total fair value$7,763 $— $32,620 $40,383 Transfers to/from Levels 1, 2 and 3 are recognized at the beginning of the reporting period. There were no transfers to/from levels during the nine month period ended September 30, 2025 and the year ended December 31, 2024.

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The following table presents a roll forward of the Level 3 liabilities measured at fair value on a recurring basis (in thousands):Contingent earnout liabilityDerivative private placement warrant liabilityDerivative stock option liabilityContingent considerationLiability at January 1, 2025$28,213 $2,907 $275 $1,225 Settlements— — — (390)Derecognition of derivative liability— — (113)— Change in fair value (17,976)(860)(90)14 Liability at March 31, 2025$10,237 $2,047 $72 $849 Recognition of derivative liability— — 4 — Change in fair value 4,058 593 14 32 Liability at June 30, 2025$14,295 $2,640 $90 $881 Exercise of liability awards— — (2)— Change in fair value 15,047 3,115 76 (44)Liability at September 30, 2025$29,342 $5,755 $164