Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 64

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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,000 8,625,000 8,625,000 8,625,000 Stock options - equity classified5,380,741 4,864,266 5,771,312 4,419,683 Stock options - liability classified80,756 109,796 85,062 25,167 Restricted stock units76,439 55,005 102,584 33,691 Convertible Notes— 14,336,918 — — Total anti-dilutive features17,876,546 31,195,075 18,297,568 16,070,204 The Company’s 21,886,379 earnout shares and 717,000 PSUs are excluded from the anti-dilutive table above for the three and nine months ended September 30, 2025, as the underlying shares remain contingently issuable as the earnout 

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triggering events and performance-based conditions, respectively, have not been satisfied. The Company excluded 21,886,379 earnout shares and 452,250 PSUs for the three and nine months ended September 30, 2024.

Note 16 - Subsequent eventsManagement has performed an evaluation of subsequent events after the Balance Sheet date of September 30, 2025 through the date the Condensed Consolidated Financial Statements were issued. During this period, the Company has not identified any subsequent events that require recognition or disclosure, except for the ones noted below.Resignation of Board MembersOn October 19, 2025, director James P. Clements announced his resignation from the Board, effective immediately. In addition, five other directors announced their intention to resign from the Board, effective no later than November 14, 2025, to facilitate an orderly transition by allowing the Company time to identify new directors. Subsequent to these announcements, the Company has identified and is reviewing the independence of three director candidates identified by Michael Nieri, the Company’s Executive Chairman and a continuing director. In light of the Company’s status with respect to appointment of replacement directors, directors Robert Dozier Jr., Jason Enoch, and Alan Levine informed the Company of their willingness to remain on the Board and applicable committees beyond November 14, 2025, to ensure an orderly transition as additional director candidates are identified and recruited in order to maintain compliance with the requirements under Nasdaq Listing Rule 5605. Director Nikki Haley and director James M. Pirrello resigned from the Board effective