[144] UMH PROPERTIES, INC. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for UMH Properties, Inc. (UMH) reporting a proposed sale of 22,100 common shares valued at $323,956.80, to be executed approximately on 09/26/2025 on the NYSE. The filing discloses that these shares were acquired as vested restricted stock in three lots: 12,252 shares on 08/10/2021, 235 shares on 10/23/2024, and 9,613 shares on 03/18/2025. The filing also reports two recent sales by the named seller: 45,700 shares sold on 08/11/2025 for $744,799.46 and 10,000 shares sold on 09/03/2025 for $151,493.00. The notice includes a standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Clear compliance with Rule 144 disclosure requirements including broker, planned sale date, and acquisition details
• Detailed acquisition history showing shares were received as vested restricted stock with dates and amounts

Negative

• Insider liquidity: Recent sales totaling 55,700 shares with gross proceeds of $896,292.46 may be perceived negatively by some investors
• Limited context: Filing contains no explanation of intent or reference to a trading plan (e.g., Rule 10b5-1), so motivations are not disclosed

Insights

Securities Analyst

TL;DR: An insider-linked sale notice for 22,100 UMH shares is routine but notable given recent large dispositions in August and September 2025.

The filing documents a proposed sale of 22,100 common shares with an aggregate market value of $323,956.80 and lists acquisition dates and quantities for the shares being sold, all as vested restricted stock from the issuer. Recent reported sales by the named seller total 55,700 shares with combined gross proceeds of $896,292.46. For investors, the filing provides clear transaction timing and historic acquisition cost basis (vested restricted stock dates) but contains no commentary on intent beyond the required representation. Impact is informational rather than immediately material to company operations.

Corporate Governance Expert

TL;DR: Disclosure follows Rule 144 format; it documents insider liquidity events but contains no allegations or governance concerns.

The notice identifies the class, broker, planned sale date, and the seller’s representation regarding material non-public information. It shows that shares were acquired through vesting events and that the broker listed is Wells Fargo Clearing Services. There is no indication of unusual trading plan language or references to a Rule 10b5-1 plan in the text provided. From a governance perspective, the filing is compliant and provides the required transparency on insider sales.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Wells Fargo Clearing Services 1 N. Jefferson Ave. St. Louis MO 63103	22100	323956.80	84928979	09/26/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/10/2021	Vested Restricted Stock	Issuer			12252	08/10/2021	N/A
Common	10/23/2024	Vested Restricted Stock	Issuer			235	10/23/2024	N/A
Common	03/18/2025	Vested Restricted Stock	Issuer			9613	03/18/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Samuel Landy 3499 ROUTE 9 N, SUITE 3-C JUNIPER BUSINESS PLAZA FREEHOLD NJ 07728	Common shares of UMH	09/03/2025	10000	151493.00
Samuel Landy 3499 ROUTE 9 N SUITE 3-C, JUNIPER FREEHOLD NJ 07728	Common shares of UMH	08/11/2025	45700	744799.46

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for UMH (UMH) disclose?

The Form 144 discloses a proposed sale of 22,100 common shares valued at $323,956.80, to occur approximately on 09/26/2025 on the NYSE.

Who is listed as the broker on the Form 144?

Wells Fargo Clearing Services, 1 N. Jefferson Ave., St. Louis MO 63103 is named as the broker for the proposed sale.

What acquisition dates and amounts are reported for the securities to be sold?

Acquisitions reported: 12,252 shares vested 08/10/2021; 235 shares vested 10/23/2024; 9,613 shares vested 03/18/2025.

Did the filer sell other UMH shares recently?

Yes. The filing reports sales of 45,700 shares on 08/11/2025 for $744,799.46 and 10,000 shares on 09/03/2025 for $151,493.00.

What representation does the seller make in the filing?

The seller represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.