Company: UHG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001830188-25-000028
Chunk: 39

Company: United Homes Group, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 39
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 with the closing of the Business Combination, UHG, the Sponsor, certain securityholders of DHHC and certain former stockholders of GSH entered into an amended and restated registration rights agreement (the “Amended and Restated Registration Rights Agreement”), pursuant to which, among other things, the Sponsor, the other DHHC securityholders party thereto and the GSH stockholders party thereto (i) agreed not to effect any sale or distribution of any of their equity securities of UHG during the Lock-up Period, as defined in the Amended and Registration Rights Agreement, other than pursuant to certain exceptions described therein and (ii) were granted certain registration rights with respect to their Class A common stock. The Amended and Registration Rights Agreement also provides that UHG will pay certain expenses relating to such registrations and indemnify the securityholders party thereto against certain liabilities.

• Subscription Agreements - On March 23, 2023, in connection with DHHC’s efforts to raise funds to meet the Minimum Cash Condition (as defined in the Business Combination Agreement), DHHC entered into certain private placement transactions (collectively, the “Share Lock-Up Agreements”), by and among itself, GSH, and certain investors who purchased shares of DHHC’s Class A common stock on the open market prior to March 16, 2023 (each a “Lock-Up Investor”), including (i) Mr. Levine, Dr. Clements, and Mr. Bland, (ii) Mr. Bland’s family members Erica Bland Lear and Gillian Bland, and Mr. Nieri’s family member Jack Nieri, (iii) and certain trusts established for the benefit of family members of Mr. Nieri (collectively, the “Nieri Trusts”) (each of the foregoing (i) - (iii), an “Interested Lock-Up Investor”). The proceeds were used for general corporate purposes.

Pursuant to the Share Lock-Up Agreements, the following purchases were made:

o Mr. Levine purchased a total of 1,250,000 shares of Class A common stock, consisting of (i) 1,000,000 shares of Class A common stock on the open market and (ii) 250,000 shares of Class A common stock from DHHC, for a total purchase price of $10,082,500.

o Dr. Clements purchased a total of 20,000 shares of Class A common stock, consisting of (i) 16,000 shares of Class A common stock on the