Dendur Capital and Malcolm Levine File 13G/A Showing No UHG Holdings

Rhea-AI Filing Summary

United Homes Group, Inc. Schedule 13G/A filed by Dendur Capital LP and Malcolm A. Levine reports no beneficial ownership of the issuer's Class A common shares (CUSIP 91060H108). The cover pages show 0 shares and 0% ownership for both reporting persons. The filing identifies Dendur Capital LP as the investment manager to Dendur Master Fund Ltd. and Mr. Levine as the managing member of the general partner. The filing includes the business address in New York and certificates that the securities were acquired and held in the ordinary course of business, not to influence control.

Positive

• Clear disclosure that both reporting persons hold 0 shares (0%), eliminating concerns about an unexpected large stake
• Regulatory compliance shown via signed Schedule 13G/A (Amendment No. 2) with certification of ordinary-course holdings

Negative

• None.

Insights

Financial Analyst

TL;DR: Filing discloses no current economic stake, so no immediate investor impact from these filers.

The Schedule 13G/A shows zero beneficial ownership by Dendur Capital LP and Malcolm A. Levine in United Homes Group Class A shares, indicating no voting or dispositive power reported. For investors, this disclosure removes concerns about an activist or sizable passive stake from these filers. The document is informative but not material to valuation or corporate control because the reported ownership is 0%.

Compliance/Risk Analyst

TL;DR: The filing meets disclosure expectations but contains no material ownership to trigger control issues.

The report is a compliant Schedule 13G/A (Amendment No. 2) that includes certification the securities were acquired and are held in the ordinary course of business. Signatures dated 08/14/2025 and the referenced event date 06/30/2025 are present. From a regulatory perspective, the filing provides required transparency but signals no regulatory or control risk from these reporting persons given the 0% stake.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

United Homes Group, Inc.

(Name of Issuer)

Class A common shares, par value $0.0001 per share

(Title of Class of Securities)

91060H108

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 91060H108

1

Names of Reporting Persons

Dendur Capital LP

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 91060H108

1

Names of Reporting Persons

Malcolm A. Levine

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 STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: United Homes Group, Inc.
(b)	Address of issuer's principal executive offices: 917 Chapin Road Chapin SC 29036
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Dendur Capital LP (the "Investment Manager"), a Delaware limited partnership, and the investment adviser to Dendur Master Fund Ltd. (the "Dendur Fund"), with respect to the Class A common shares, par value $0.0001 per share (the "Class A Common Shares") of United Homes Group, Inc. that were directly held by the Dendur Fund; and (ii) Mr. Malcolm A. Levine ("Mr. Levine"), the Managing Member of Dendur Capital GP LLC, the general partner of the Investment Manager, with respect to the Class A Common Shares that were directly held by the Dendur Fund. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 250 W 55th Street, 26th Floor, New York, NY 10019.
(c)	Citizenship: The Investment Manager is a Delaware limited partnership. Mr. Levine is a citizen of the United States.
(d)	Title of class of securities: Class A common shares, par value $0.0001 per share
(e)	CUSIP No.: 91060H108
Item 3.	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:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(b)	Percent of class: 0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dendur Capital LP

Signature:	/s/ Malcolm A. Levine
Name/Title:	By: Dendur Capital GP LLC, General Partner, By: Malcolm A. Levine, Managing Member
Date:	08/14/2025

Malcolm A. Levine

Signature:	/s/ Malcolm A. Levine
Name/Title:	Malcolm A. Levine, individually
Date:	08/14/2025

FAQ

What does the UHG Schedule 13G/A filed by Dendur Capital LP state about ownership?

The filing states that Dendur Capital LP and Malcolm A. Levine each beneficially own 0 shares (0%) of United Homes Group Class A common shares (CUSIP 91060H108).

When were the signatures on the Schedule 13G/A for UHG executed?

The signatures for both Dendur Capital LP and Malcolm A. Levine are dated 08/14/2025.

What is the stated purpose of the securities holding in the filing?

The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Who is the investment manager and what is their relation to the holdings?

Dendur Capital LP is identified as the investment manager to Dendur Master Fund Ltd., and Mr. Malcolm A. Levine is the managing member of the general partner; however, the filing reports no beneficial ownership by these parties.

What issuer and security are covered by this Schedule 13G/A?

The filing covers United Homes Group, Inc. Class A common shares, par value $0.0001 per share, CUSIP 91060H108.