[144] UMH Properties, Inc. SEC Filing

Rhea-AI Filing Summary

The filing is a Form 144 notice for UMH Properties, Inc. reporting a proposed sale of 10,000 common shares through Wells Fargo Clearing Services on the NYSE with an aggregate market value of $151,493.00 and an approximate sale date of 09/03/2025. The shares were acquired as vested shares on 11/05/2024 (2,252 shares) and 04/04/2025 (7,748 shares). The notice also discloses two sales by the reporting person within the past three months: 25,000 shares on 06/09/2025 for $419,323.47 and 45,700 shares on 08/11/2025 for $744,799.46. The signer represents no undisclosed material information.

Positive

• Clear disclosure of the proposed sale quantity (10,000 shares), broker, market value, and approximate sale date
• Acquisition details are provided showing the shares were vested on 11/05/2024 and 04/04/2025
• Past three-month sales are reported with dates and gross proceeds, meeting filing requirements

Negative

• Significant insider selling in the past three months totaling 70,700 shares (gross proceeds ≈ $1,164,122.93)
• Potential liquidity pressure from multiple recent dispositions by the reporting person (may be viewed negatively by some investors)

Insights

Financial Analyst

TL;DR: Insider plans to sell 10,000 UMH shares; recent large disposals were reported over the prior three months.

The Form 144 details a proposed sale of 10,000 common shares with clear acquisition dates and the broker routing the transaction. The filing provides transparent pricing and timing information, and discloses recent insider sales totaling 70,700 shares generating roughly $1.16 million in gross proceeds. For investors, this is a routine regulatory disclosure documenting liquidity events rather than operational performance. The data allow calculation of average realized proceeds for the recent sales and confirm that the proposed sale follows the issuer's vesting events.

Corporate Governance Expert

TL;DR: Multiple recent insider sales are disclosed; this raises governance questions about insider liquidity though the filing itself is procedural.

The Form 144 fulfills disclosure obligations by identifying acquisition dates, nature of acquisition (vested shares), broker, and past three-month sales by the same person. The two prior sales reported (25,000 and 45,700 shares) are material in size and are documented with gross proceeds. While the filing does not state any nonpublic adverse information, the pattern of significant insider sales is a governance signal warranting investor attention to insider trading context, timing, and any company communications around those dates.

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

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 One N Jefferson Avenue St. Louis MO 63103	10000	151493.00	84928979	09/03/2025	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	11/05/2024	Vested Shares	Issuer			2252	11/05/2024	N/A
Common	04/04/2025	Vested Shares	Issuer			7748	04/04/2025	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 Juniper Business Plaza, 3499 Route 9 N Suite 3-C Freehold NJ 07728	UMH Properties, Inc.	06/09/2025	25000	419323.47
Samuel Landy Juniper Business Plaza, 3499 Route 9 N Suite 3-C Freehold NJ 07728	UMH Properties, Inc.	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 UMH Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 10,000 common shares on 09/03/2025 via Wells Fargo Clearing Services with an aggregate market value of $151,493.00.

When were the shares to be sold acquired according to the filing?

The shares were acquired as vested shares on 11/05/2024 (2,252 shares) and 04/04/2025 (7,748 shares).

What insider sales in the past three months does the Form 144 report for UMH?

The filing reports sales of 25,000 shares on 06/09/2025 for $419,323.47 and 45,700 shares on 08/11/2025 for $744,799.46.

Which broker is handling the proposed transaction?

The proposed sale is to be handled by Wells Fargo Clearing Services, located at One N Jefferson Avenue, St. Louis, MO 63103.

Does the filer affirm they have disclosed material nonpublic information?

Yes, the signer represents by signing the notice that they do not know any material adverse information