UMH Properties director Carus reports option holdings

His reported positions also include Preferred D shares and common shares held by his spouse and sons through custodial accounts.

Rhea-AI Filing Summary

UMH Properties, Inc. director Jeffrey A. Carus reported holdings as of September 15, 2026, including four direct option positions: 11,000 shares at a $15.80 exercise price (expiring January 10, 2034); 10,000 at $14.36 (March 21, 2033); 12,000 at $16.86 (June 16, 2035); and 12,000 at $16.15 (January 21, 2036). He also reported 500 Preferred D shares, 500 common shares held by his spouse, and common shares in custodial accounts for sons Daniel (764 shares) and Ethan (648 shares).

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Carus Jeffrey A

Role Director

Type	Security	Shares	Price	Value
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc. F1	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc. F2	--	--	--
holding	UMH Properties, Inc. F3	--	--	--
holding	UMH Properties, Inc. (Preferred D)	--	--	--

Holdings After Transaction: UMH Properties, Inc. — 45,000 contracts (Direct); UMH Properties, Inc. — 37,674.78 shares (Direct); UMH Properties, Inc. — 500 shares (Indirect, Held by Spouse); UMH Properties, Inc. — 763.72 shares (Indirect, Custodial account for Son, Daniel); UMH Properties, Inc. — 648.14 shares (Indirect, Custodial account for Son, Ethan); UMH Properties, Inc. (Preferred D) — 500 shares (Direct)

Footnotes (3)

1. F1. Includes 538.82 shares acquired through dividend reinvestment on 9/15/26.
2. F2. Includes 11.39 shares acquired through dividend reinvestment on 9/15/26.
3. F3. Includes 8.03 shares acquired through dividend reinvestment on 9/15/26.

Key Figures

Direct option position: 11,000 underlying shares; $15.80 exercise price Direct option position: 10,000 underlying shares; $14.36 exercise price Direct option position: 12,000 underlying shares; $16.86 exercise price +5 more

8 metrics

Direct option position 11,000 underlying shares; $15.80 exercise price Expiration January 10, 2034

Direct option position 10,000 underlying shares; $14.36 exercise price Expiration March 21, 2033

Direct option position 12,000 underlying shares; $16.86 exercise price Expiration June 16, 2035

Direct option position 12,000 underlying shares; $16.15 exercise price Expiration January 21, 2036

Preferred D shares 500 shares Held directly

Common shares held by spouse 500 shares Indirect holding

Common shares in son Daniel's custodial account 764 shares Indirect holding

Common shares in son Ethan's custodial account 648 shares Indirect holding

Key Terms

exercise price, custodial account, dividend reinvestment

3 terms

exercise price financial

"at a $15.80 exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

custodial account financial

"Custodial account for Son, Daniel"

A custodial account is an investment or bank account opened and managed by an adult (the custodian) for the benefit of someone who cannot legally control assets, typically a minor. Think of it as a wallet held by a trusted guardian until the beneficiary reaches a legal age: it lets you save and invest on someone’s behalf, affects who makes decisions and who pays taxes, and determines when control of the assets transfers to the beneficiary—details investors watch for tax consequences, ownership rules, and timing of control.

dividend reinvestment financial

"acquired through dividend reinvestment"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What options did UMH director Jeffrey A. Carus report?

Jeffrey A. Carus reported four direct option positions: 11,000 shares at $15.80, expiring January 10, 2034; 10,000 at $14.36, expiring March 21, 2033; 12,000 at $16.86, expiring June 16, 2035; and 12,000 at $16.15, expiring January 21, 2036.

What other UMH shares were reported for Jeffrey A. Carus?

The reported positions include 500 Preferred D shares, 500 common shares held by his spouse, 764 shares in a custodial account for son Daniel, and 648 shares in a custodial account for son Ethan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/30/2026 - 12:13 PM Accepted by SEC EDGAR 09/30/2026 - 12:13 PM Learn about SEC filing dates

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^*

Carus Jeffrey A

(Last) (First) (Middle)

3499 US HIGHWAY 9, SUITE 3C

(Street)

FREEHOLD NEW JERSEY 07728

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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

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

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

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.								37,674.78(1)	D
UMH Properties, Inc.								500	I	Held by Spouse
UMH Properties, Inc.								763.72(2)	I	Custodial account for Son, Daniel
UMH Properties, Inc.								648.14(3)	I	Custodial account for Son, Ethan
UMH Properties, Inc. (Preferred D)								500	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
UMH Properties, Inc.	$16.15							01/21/2027	01/21/2036	UMH Properties, Inc.	12,000		12,000	D

Explanation of Responses:

1. Includes 538.82 shares acquired through dividend reinvestment on 9/15/26.

2. Includes 11.39 shares acquired through dividend reinvestment on 9/15/26.

3. Includes 8.03 shares acquired through dividend reinvestment on 9/15/26.

	Nelli Madden	09/30/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)