[Form 4] UMH PROPERTIES, INC. Insider Trading Activity

Rhea-AI Filing Summary

UMH Properties, Inc. (UMH) director Nelli Madden filed a Form 4 reporting dividend reinvestment purchases on 10/15/2025. The filing lists two transactions under the Dividend Reinvestment and Stock Purchase Plan: 72.07 shares at $13.875 in a custodial account for son Daniel and 72.07 shares at $13.875 in a custodial account for son Ethan.

Following these transactions, beneficial holdings shown include 30,023.85 common shares held directly, 686.51 shares held indirectly for Daniel, 579.27 shares held indirectly for Ethan, and 500 shares of Preferred D. Derivative holdings shown include options covering 11,000 shares at $15.80 (exercisable 01/10/2025, expiring 01/10/2034), 10,000 shares at $14.36 (03/21/2024–03/21/2033), and 12,000 shares at $16.86 (06/16/2026–06/16/2035).

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
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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 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)
10/15/2025

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

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.								30,023.85	D
UMH Properties, Inc.	10/15/2025		P		72.07(1)	A	$13.875	686.51	I	Custodial account for Son, Daniel
UMH Properties, Inc.	10/15/2025		P		72.07(2)	A	$13.875	579.27	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

Explanation of Responses:

1. Purchase of shares through the Dividend Reinvestment and Stock Purchase Plan on 10/15/2025.

2. Purchase of shares through the Dividend Reinvestment and Stock Purchase Plan on 10/15/2025.

	Nelli Madden	10/16/2025
	** 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.
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.

FAQ

What did UMH (UMH) director Nelli Madden report on Form 4?

Two DRIP purchases on 10/15/2025: 72.07 shares at $13.875 for Daniel’s custodial account and 72.07 shares at $13.875 for Ethan’s custodial account.

How many UMH shares does the reporting person hold directly after the transactions?

The filing shows 30,023.85 common shares held directly.

What indirect UMH holdings are disclosed?

Indirect holdings shown: 686.51 shares for Daniel’s custodial account and 579.27 shares for Ethan’s custodial account.

Were any preferred shares reported?

Yes, the filing lists 500 shares of UMH Properties, Inc. (Preferred D).

What derivative (option) positions are disclosed for UMH?

Options covering 11,000 shares at $15.80 (01/10/2025–01/10/2034), 10,000 at $14.36 (03/21/2024–03/21/2033), and 12,000 at $16.86 (06/16/2026–06/16/2035).

What transaction code appears for the UMH trades?

Transaction code P (open market or private purchase) is shown, with purchases through the Dividend Reinvestment and Stock Purchase Plan.