<SEC-DOCUMENT>0000895345-24-000615.txt : 20241213
<SEC-HEADER>0000895345-24-000615.hdr.sgml : 20241213
<ACCEPTANCE-DATETIME>20241213172404
ACCESSION NUMBER:		0000895345-24-000615
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241211
FILED AS OF DATE:		20241213
DATE AS OF CHANGE:		20241213

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Simanovsky Michael
		CENTRAL INDEX KEY:			0001596522
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39936
		FILM NUMBER:		241549448

	MAIL ADDRESS:	
		STREET 1:		90 PARK AVENUE
		STREET 2:		32ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Conversant Capital LLC
		CENTRAL INDEX KEY:			0001850901
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39936
		FILM NUMBER:		241549447

	BUSINESS ADDRESS:	
		STREET 1:		25 DEFOREST AVENUE, 3RD FLOOR
		CITY:			SUMMIT
		STATE:			NJ
		ZIP:			07901
		BUSINESS PHONE:		9175153729

	MAIL ADDRESS:	
		STREET 1:		25 DEFOREST AVENUE, 3RD FLOOR
		CITY:			SUMMIT
		STATE:			NJ
		ZIP:			07901

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Conversant Opportunity Master Fund LP
		CENTRAL INDEX KEY:			0001970309
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39936
		FILM NUMBER:		241549446

	BUSINESS ADDRESS:	
		STREET 1:		90 PARK AVENUE
		STREET 2:		32ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		917-515-3729

	MAIL ADDRESS:	
		STREET 1:		90 PARK AVENUE
		STREET 2:		32ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Conversant GP Holdings LLC
		CENTRAL INDEX KEY:			0001850910
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39936
		FILM NUMBER:		241549445

	BUSINESS ADDRESS:	
		STREET 1:		90 PARK AVENUE 32ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		9175153729

	MAIL ADDRESS:	
		STREET 1:		90 PARK AVENUE 32ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United Homes Group, Inc.
		CENTRAL INDEX KEY:			0001830188
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				853460766
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		917 CHAPIN ROAD
		CITY:			CHAPIN
		STATE:			SC
		ZIP:			29036
		BUSINESS PHONE:		844-766-4663

	MAIL ADDRESS:	
		STREET 1:		917 CHAPIN ROAD
		CITY:			CHAPIN
		STATE:			SC
		ZIP:			29036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DiamondHead Holdings Corp.
		DATE OF NAME CHANGE:	20201027
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-12-11</periodOfReport>

    <notSubjectToSection16>true</notSubjectToSection16>

    <issuer>
        <issuerCik>0001830188</issuerCik>
        <issuerName>United Homes Group, Inc.</issuerName>
        <issuerTradingSymbol>UHG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001596522</rptOwnerCik>
            <rptOwnerName>Simanovsky Michael</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>25 DEFOREST AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>3RD FLOOR</rptOwnerStreet2>
            <rptOwnerCity>SUMMIT</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001850901</rptOwnerCik>
            <rptOwnerName>Conversant Capital LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>25 DEFOREST AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>3RD FLOOR</rptOwnerStreet2>
            <rptOwnerCity>SUMMIT</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001970309</rptOwnerCik>
            <rptOwnerName>Conversant Opportunity Master Fund LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>25 DEFOREST AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>3RD FLOOR</rptOwnerStreet2>
            <rptOwnerCity>SUMMIT</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001850910</rptOwnerCik>
            <rptOwnerName>Conversant GP Holdings LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>25 DEFOREST AVENUE,</rptOwnerStreet1>
            <rptOwnerStreet2>3RD FLOOR</rptOwnerStreet2>
            <rptOwnerCity>SUMMIT</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-12-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4466827</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5002000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-12-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3246275</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.75</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1775725</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Convertible Note</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2024-12-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>6272401</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2024-03-30</value>
            </exerciseDate>
            <expirationDate>
                <value>2028-03-30</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>6272401</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On December 11, 2024, Conversant Opportunity Master Fund LP, a Cayman Islands exempted limited partnership (&quot;Opportunity Master Fund&quot;), surrendered to United Homes Group, Inc. (the &quot;Issuer&quot;) $35,000,000 in principal amount of an Issuer convertible note (the &quot;Convertible Note&quot;), in exchange for $30,696,917.81 in cash and 4,466,827 Issuer Class A common shares (&quot;Common Stock&quot;), in satisfaction of the aggregate principal thereunder, together with accrued and unpaid interest thereon, as well as the make-whole obligations arising thereunder.</footnote>
        <footnote id="F2">These securities were owned directly by Opportunity Master Fund as nominee for its majority-owned subsidiary Conversant Opportunity Master Fund Sub LLC (&quot;Sub Fund&quot;). This Form 4 is being filed jointly by (i) Michael Simanovsky, a United States citizen, (ii) Conversant Capital LLC, a Delaware limited liability company (&quot;Conversant Capital&quot;), (iii) Conversant GP Holdings LLC, a Delaware limited liability company (&quot;Conversant GP), and (iv) Opportunity Master Fund (collectively the filing persons are the &quot;Reporting Persons&quot;). Conversant GP is the general partner of Opportunity Master Fund and the managing member of Sub Fund, and Conversant Capital is the investment manager to Opportunity Master Fund. Michael J. Simanovsky is the managing member of Conversant Capital and Conversant GP.</footnote>
        <footnote id="F3">By virtue of the relationships described in footnote 2, each of Mr. Simanovsky, Conversant Capital and Conversant GP may be deemed a beneficial owner of the securities held by Opportunity Master Fund as nominee for Sub Fund. Mr. Simanovsky, Conversant Capital, and Conversant GP each disclaims beneficial ownership of the securities held by Opportunity Master Fund as nominee for Sub Fund except to the extent of his or its pecuniary interest therein.</footnote>
        <footnote id="F4">The Convertible Note was subject to a conversion option and/or a forced conversion as provided therein at an initial per share conversion price of 80% of the volume-weighted average sale price of a Class A common share over the 30-consecutive day period prior to the date that is the first anniversary of the closing of the of the merger between Hestia Merger Sub, Inc. and Great Southern Homes, Inc (the first anniversary being March 30, 2024), provided that such conversion price per share shall be no less than $5.00 U.S. dollars and no greater than $10.00 U.S. dollars.</footnote>
        <footnote id="F5">These securities were owned directly by Opportunity Master Fund. Conversant GP is the general partner of Opportunity Master Fund and Conversant Capital is the investment manager to Opportunity Master Fund. Mr. Simanovsky is the managing member of Conversant Capital and Conversant GP. By virtue of these relationships, each of Mr. Simanovsky, Conversant Capital and Conversant GP may be deemed a beneficial owner of the securities held by Opportunity Master Fund. Mr. Simanovsky, Conversant Capital, and Conversant GP each disclaims beneficial ownership of the securities held by Opportunity Master Fund except to the extent of his or its pecuniary interest therein.</footnote>
    </footnotes>

    <remarks>Robert T. Grove, a Principal of Conversant Capital, served as a member of the Issuer's board of directors. On the basis of the relationships between Mr. Grove and the Reporting Persons, at the time of the transactions reported herein, the Reporting Persons were considered directors of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. As a result of the transactions reported herein, Mr. Grove has resigned his position as a director of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>MICHAEL J. SIMANOVSKY /s/ Paul Dumaine
By:  Paul Dumaine, Attorney-in-fact for Michael J. Simanovsky</signatureName>
        <signatureDate>2024-12-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CONVERSANT CAPITAL LLC /s/ Paul Dumaine
By:  Paul Dumaine, General Counsel and Chief Compliance Officer</signatureName>
        <signatureDate>2024-12-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CONVERSANT OPPORTUNITY MASTER FUND LP
By: Conversant GP Holdings LLC, its general partner
/s/ Paul Dumaine
By: Paul Dumaine, General Counsel and Chief Compliance Officer</signatureName>
        <signatureDate>2024-12-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CONVERSANT GP HOLDINGS LLC
/s/ Paul Dumaine
By: Paul Dumaine, General Counsel and Chief Compliance Officer</signatureName>
        <signatureDate>2024-12-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
