[Form 4/A] UMH Properties, Inc. Amended Insider Trading Activity

Rhea-AI Filing Summary

UMH Properties, Inc. (UMH) – Form 4/A insider transaction

Director Amy Lynn Butewicz filed an amended Form 4 reporting the sale of 2,800 common shares on 20-Jun-2025 at an average price of $16.95 per share. Following the disposition, the director directly owns 11,388.5 shares of UMH common stock.

The filing also discloses unchanged option holdings:

• 11,000 options with a $15.80 exercise price (expire 10-Jan-2034)
• 10,000 options with a $14.36 exercise price (expire 21-Mar-2033)
• 12,000 options with a $16.86 exercise price (expire 16-Jun-2035)

The amendment clarifies footnote 1 to state that the reported transaction related to a sale of shares. No other terms or ownership figures were revised. The transaction represents a small portion of Ms. Butewicz’s overall direct and derivative holdings and does not alter her status as a director.

Positive

• None.

Negative

• Director sold 2,800 shares at $16.95, a potential but minor negative signal of insider sentiment.

Insights

Corporate Governance Analyst

TL;DR: Minor director sale; neutral governance impact.

The amended Form 4 merely corrects footnote language but confirms a completed sale of 2,800 shares at $16.95. Post-sale, the director still owns roughly 11.4k shares plus 33k options, so board alignment remains largely intact. The transaction size—about $48k—appears immaterial relative to market cap and holdings, suggesting no significant signal on company outlook. Correction of the footnote demonstrates normal compliance housekeeping. Overall governance and ownership structure are unchanged.

Securities Analyst

TL;DR: Small insider sale; unlikely to move UMH stock.

From a trading perspective, the 2,800-share sale equates to <1% of average daily volume and less than 20% of the director's direct holdings. With sizeable option exposure still in place, incentives remain aligned with shareholders. Because this is an amendment, not a new transaction, and dollar value is modest, we view the filing as non-impactful to near-term valuation or liquidity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BUTEWICZ AMY LYNN

(Last) (First) (Middle)

3499 ROUTE 9 NORTH, SUITE 3C

(Street)

FREEHOLD NJ 07728

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UMH PROPERTIES, INC. [ UMH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/23/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
UMH Properties, Inc.	06/20/2025		S		2,800(1)	D	$16.95	11,388.5	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
UMH Properties, Inc.	$15.8							01/10/2025	01/10/2034	UMH Properties, Inc.	11,000		11,000	D
UMH Properties, Inc.	$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	10,000		10,000	D
UMH Properties, Inc.	$16.86							06/16/2026	06/16/2035	UMH Properties, Inc.	12,000		12,000	D

Explanation of Responses:

1. This amended filing is to reflect the correct footnote: Sale of shares.

	Nelli Madden	06/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

How many UMH shares did Director Amy Lynn Butewicz sell?

She sold 2,800 common shares on 20-Jun-2025.

What was the sale price of the UMH shares?

The shares were sold at an average price of $16.95.

How many UMH shares does the director own after the transaction?

After the sale, the director directly owns 11,388.5 shares.

Does the filing change the director’s option holdings in UMH?

No. The filing lists existing options totaling 33,000 shares with exercise prices ranging from $14.36 to $16.86; none were exercised or sold.

Why was this Form 4 amended?

The amendment corrects footnote 1 to clarify that the reported transaction was a sale of shares.