Feldman Keith A. 4

What Happened Keith A. Feldman, Chief Financial Officer of United Homes Group, reported multiple award and derivative transactions tied to the May 4, 2026 merger. Feldman received 85,537 shares (earn-out/award) and, in connection with the merger, had a series of dispositions and cancellations affecting 912,762 shares (including derivative instruments and issuer redemptions). Under the merger each Class A share was canceled for $1.18 per share; where applicable the converted shares amount to roughly $1.08 million in gross proceeds. Certain options were canceled without cash payment per the merger agreement.

Key Details

• Transaction date: 2026-05-04 (filed 2026-05-04).
• Reported events: one award/acquisition of 85,537 shares; dispositions/cancellations of 912,762 shares (multiple entries listed as dispositions to the issuer and derivative dispositions).
• Per-share consideration under the merger: $1.18 per Class A share (footnote). Estimated gross proceeds for shares converted to cash ≈ $1.08M, where applicable.
• Post-transaction: Class A common shares were canceled in the merger (effectively no remaining Class A shares from the converted awards); some derivative awards (PSUs) were converted to cash, while certain options were canceled with no payment.
• Footnotes of note: (F1) merger converted each Class A share to $1.18; (F3–F5) earn-out shares were accelerated/converted and PSUs canceled for cash; (F4) options canceled without cash.
• Filing timeliness: filed same day as the report date; no late filing indicated.

Context These filings reflect merger-related corporate actions (share cancellations, award accelerations, PSU settlements, and option terminations) rather than open-market buying or selling as a signal of personal investment intent. For retail investors, merger-driven conversions and cancellations are routine administrative outcomes of an acquisition and do not necessarily imply the insider's view on the company’s future performance.