Martell Jr. Maintains 374,998 Share Stake in United Homes Group

TL;DR

**Martell Jr. still holds 374,998 shares of United Homes Group, signaling continued belief in the stock.**

AI Summary

James J. Martell, Jr. filed an amended SC 13G/A on February 1, 2024, disclosing his beneficial ownership in United Homes Group, Inc. As of December 31, 2023, Martell holds sole voting and dispositive power over 374,998 shares of United Homes Group's common stock. This filing indicates a significant individual stake, which could signal confidence in the company's future to potential investors, as a substantial holder is maintaining their position.

Why It Matters

This filing shows a key individual investor, James J. Martell, Jr., continues to hold a substantial number of shares, which can be interpreted as a vote of confidence in United Homes Group's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a stable ownership position by a significant individual, posing low immediate risk to the stock.

Analyst Insight

Investors should note that a significant individual holder, James J. Martell, Jr., is maintaining his position in United Homes Group, Inc. This stability in ownership could be a positive signal, but further research into the company's fundamentals and Martell's historical investment patterns would provide more actionable insights.

Key Numbers

• 374,998 — Shares Beneficially Owned (Represents the total number of shares James J. Martell, Jr. has sole voting and dispositive power over as of December 31, 2023.)
• December 31, 2023 — Date of Event (The specific date for which the ownership information is reported in the filing.)

Key Players & Entities

• James J. Martell, Jr. (person) — reporting person and beneficial owner
• United Homes Group, Inc. (company) — the issuer of the securities
• 374,998 (dollar_amount) — number of shares beneficially owned

Forward-Looking Statements

• James J. Martell, Jr. will maintain a significant ownership stake in United Homes Group, Inc. through 2024. (James J. Martell, Jr.) — medium confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d82424dsc13ga.htm (SC 13G/A) — 30KB
• 0001193125-24-021845.txt ( ) — 32KB

From the Filing

SC 13G/A 1 d82424dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1) United Homes Group, Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 91060H108 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 91060H108 1 NAMES OF REPORTING PERSONS James J. Martell, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 374,998 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 374,998 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 374,998 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.3% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN Item1(a). Name of Issuer : United Homes Group, Inc. (the Issuer) Item1(b). Address of Issuers Principal Executive Offices : 917 Chapin Road Chapin, South Carolina 29036 Item2(a). Names of Persons Filing : The name of the person filing this report (the Reporting Person) is James J. Martell, Jr. (Mr. Martell). Item2(b). Address of Principal Business Office or, if None, Residence : The address of the principal business office of the Reporting Person is: 278 Cedar Ln SE #4073 Vienna, VA 22180 Item2(c). Citizenship : Mr. Martell is a United States citizen. Item2(d). Title of Class of Securities : Common Stock, par value $0.0001 per share (Class A Common Stock) Item2(e). CUSIP Number : 91060H108 Item3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item4. The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover pages to this Schedule 13G. The ownership percentage reported on the cover page of this Schedule 13G is based on 11,382,282 Class A Common Shares outstanding as of January 24, 2024, as reported in the Preliminary Information Statement on Schedule 14C filed by the Issuer with the Securities and Exchange Commission on January 29, 2024. Item5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following. Item6. Not applicable. Item7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person . Not applicable. Item8. Identification and Classification of Members of the Group . Not applicable. Item9. Notice of Dissolution of Group . Not applicable. Item10. Certification . By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this Date: February 1, 2024 By: /s/ James J. Martell, Jr. Name: James J. Martell, Jr.

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