Company: UHG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001830188-25-000028
Chunk: 38

Company: United Homes Group, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 38
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 review and oversight of all related party transactions for potential conflicts of interest, except for transactions involving the compensation of executive officers or directors, which are overseen by the Compensation Committee.

Transactions by GSH Prior to the Business Combination

In connection with the reorganization of GSH’s business prior to the Business Combination, GSH engaged in the following transactions with related parties:

• Distributions to Shareholders - Prior to the Closing of the Business Combination, GSH (then an S corporation) made a distribution of approximately $16.5 million to Mr. Nieri for the year ended December 31, 2023. Such distribution was in an amount sufficient to allow Mr. Nieri to pay taxes related to GSH’s S corporation status and for personal use.

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• Settlement of Various Due To/Due From Matters - Prior to the Business Combination, GSH provided certain services for and engaged in other transactions with the Land Development Affiliates, resulting in due to/due from balances totaling approximately $39 million due to GSH and approximately $12.5 million due from GSH. These amounts were settled or extinguished in 2023 in connection with the closing of the Business Combination.

• Letter Agreement with Mr. O’Grady - Pursuant to a letter agreement (the “Letter Agreement”) dated May 13, 2022 and effective as of September 24, 2021, GSH engaged TS20 Holdings, LLC to assist GSH in connection with a possible transaction with a SPAC. TS20 Holdings, LLC is wholly owned by Tom O’Grady. Pursuant to the Letter Agreement, GSH paid a success-based fee to TS20 Holdings, LLC in the amount of $800,000 upon the Closing. In addition, pursuant to the Letter Agreement, GSH agreed to pay (i) a monthly fee of $5,000 to Mr. O’Grady for his service on GSH’s board of directors (the monthly fee paid to all members of the GSH board of directors was subsequently increased to $6,250, and (ii) a monthly amount equal to $20,000 to Mr. O’Grady for his services as GSH’s Chief Administrative Officer. Such payments ceased upon the closing of the Business Combination.

#### Transactions Related to the Business Combination
The following transactions with related parties were entered into by DHHC and/or UHG in connection with the Business Combination:

• Amended and Restated Registration Rights Agreement - In connection