Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 113

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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 optionsWeighted-average per share exercise priceOutstanding, December 31, 20245,031,303 $8.92 Granted1,553,666 4.37 Exercised(44,256)2.81 Forfeited(905,821)8.24 Outstanding, September 30, 20255,634,892 $7.83 Options exercisable at September 30, 20251,936,902 $8.83 Stock-based compensation expense, net of forfeitures, included in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations for stock options for the three months ended September 30, 2025 and 2024 was $1.3 million and $1.4 million, respectively, and $4.1 million and $4.2 million for the nine months ended September 30, 2025 and 2024, respectively. As of September 30, 2025, total unrecognized stock compensation expense related to unvested stock option arrangements was $10.5 million which is expected to be recognized over a weighted-average period of 2.19 years.Certain stock options issued under the 2023 Plan are issued to individuals who are not employees of the Company and who are not providing goods or services to the Company. These options are recognized in accordance with ASC 815, as a derivative liability and marked to market at each reporting period end. As of September 30, 2025, and December 31, 2024, the derivative liability of stock options amounts to $0.2 million and $0.3 million, respectively, and is included within Derivative liability on the Condensed Consolidated Balance Sheets. Restricted stock units (“RSUs”)The following table summarizes the activity relating to the Company’s RSUs:

22

SharesWeighted-average grant date fair value per unitOutstanding, December 31, 202495,000 $6.79 Granted56,800 4.35 Vested(40,052)5.95 Forfeited(10,150)5.20 Outstanding, September 30, 2025101,598 $5.92 Stock-based compensation expense, net of forfeitures, included in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations for time-based restricted stock units was $0.1 million and less than $0