Enoch Jason A. 4
Research Summary
AI-generated summary
United Homes (UHG) Director Enoch Jason A. Sells Shares in Merger
What Happened
- Enoch Jason A., a director of United Homes Group, reported multiple dispositions on May 4, 2026 tied to the closing of the merger described in the filing. Transactions include a grant/acquisition of 17,690 shares (earn-out shares) and several dispositions to the issuer and derivative dispositions totaling multiple lots (42,190; 17,690; 35,479; 50,000; 34,000; 34,000 shares as reported).
- The Form 4 shows prices as N/A because the transactions were part of the Merger. Per the Merger Agreement, each share of Class A common stock was canceled and converted into the right to receive $1.18 per share (less applicable withholding). The 42,190 and 17,690 common-share line items were converted at that per-share amount (approx. $1.18/share); other reported derivative positions were canceled or otherwise disposed as part of the transaction.
Key Details
- Transaction date: May 4, 2026; Form 4 filed May 5, 2026 (timely filing).
- Reported line items (all 5/4/2026): Grant/acquisition 17,690 (A); dispositions to issuer 42,190 (D) and several derivative dispositions: 17,690 (J), 35,479 (D, derivative), 50,000 (D, derivative), 34,000 (D, derivative), 34,000 (D, derivative). Prices listed as N/A on the Form 4.
- Consideration: Class A common shares were converted into cash at $1.18 per share under the Merger Agreement (less tax withholding). Some derivative instruments (options) were canceled and terminated without cash payment per the filing.
- Shares owned after transaction: not specified in the provided excerpt.
- Footnotes of note:
- F1: Merger converted each Class A share into $1.18 cash.
- F2–F3: Earn-out shares became fixed earlier and were accelerated/converted in the Merger.
- F4: An option was canceled and terminated without cash payment.
Context
- These were not open-market sales: the dispositions and cancellations occurred as part of the Merger closing and related treatment of earn-out shares and derivative instruments. For retail investors, this is a corporate transaction outcome (merger consideration and instrument cancellations) rather than a signal of voluntary trading by the insider.