Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 74

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 Level 3 inputs. The models and significant assumptions used in preparing the valuations are disclosed in Note 11 - Stock-based compensation, Note 12 - Earnout shares, and Note 13 - Warrant liability, respectively. 

12

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation (in thousands): Fair value measurements as of March 31, 2025Level 1Level 2Level 3TotalContingent earnout liability$— $— $10,237 $10,237 Derivative private placement warrant liability— — 2,047 2,047 Derivative public warrant liability5,480 — — 5,480 Derivative stock option liability— — 72 72 Total derivative liability5,480 — 12,356 17,836 Contingent consideration— — 849 849 Total fair value$5,480 $— $13,205 $18,685 Fair value measurements as of December 31, 2024Level 1Level 2Level 3TotalContingent earnout liability$— $— $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 three month period ended March 31, 2025 and the year ended December 31, 2024.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 December 31, 2024$28,213 $2,907 $275 $1,225 Settlements— — — (390)