UMH director updates share and option holdings

UMH Properties director Jeffrey A. Carus reported updated holdings of company securities, reflecting routine position details rather than new open-market trades.

Rhea-AI Filing Summary

UMH Properties director Jeffrey A. Carus reported updated holdings of company securities, reflecting routine position details rather than new open-market trades. The filing shows direct common stock, indirect shares held in custodial accounts for his sons, preferred stock, and several option-like awards.

Direct common stock holdings include 34,067.82 shares, which incorporate 502.09 shares acquired through dividend reinvestment on 3/16/26. Indirect holdings comprise 740.97 shares in a custodial account for his son Daniel, including 11.58 dividend reinvestment shares, and 630.44 shares in a custodial account for his son Ethan, including 9.86 dividend reinvestment shares.

Carus also holds options to acquire 11,000 shares at $15.80 per share expiring in 2034, 10,000 shares at $14.36 expiring in 2033, 12,000 shares at $16.86 expiring in 2035, and 12,000 shares at $16.15 expiring in 2036. In addition, he holds 500 shares of UMH Properties, Inc. Preferred D stock.

Insider Trade Summary

8 transactions reported

Mixed 8 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.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc. (Preferred D)	--	--	--

Holdings After Transaction: UMH Properties, Inc. — 45,000 contracts (Direct); UMH Properties, Inc. — 34,067.82 shares (Direct); UMH Properties, Inc. — 740.97 shares (Indirect, Custodial account for Son, Daniel); UMH Properties, Inc. — 630.44 shares (Indirect, Custodial account for Son, Ethan); UMH Properties, Inc. (Preferred D) — 500 shares (Direct)

Footnotes (3)

1. F1. Includes 502.09 shares acquired through dividend reinvestment on 3/16/26.
2. F2. Includes 11.58 shares acquired through dividend reinvestment on 3/16/26.
3. F3. Includes 9.86 shares acquired through dividend reinvestment on 3/16/26.

Key Figures

Direct common stock: 34,067.82 shares Dividend reinvestment (direct): 502.09 shares Custodial account for Daniel: 740.97 shares +5 more

8 metrics

Direct common stock 34,067.82 shares Direct UMH common shares following holdings update, includes dividend reinvestment

Dividend reinvestment (direct) 502.09 shares Common shares acquired through dividend reinvestment on 3/16/26

Custodial account for Daniel 740.97 shares Indirect UMH common stock, includes 11.58 dividend reinvestment shares on 3/16/26

Custodial account for Ethan 630.44 shares Indirect UMH common stock, includes 9.86 dividend reinvestment shares on 3/16/26

Preferred D shares 500 shares UMH Properties, Inc. Preferred D stock held directly

Option at $15.80 11,000 underlying shares UMH option-like award expiring 1/10/2034 with $15.80 exercise price

Option at $14.36 10,000 underlying shares UMH option-like award expiring 3/21/2033 with $14.36 exercise price

Options at $16.86 and $16.15 24,000 underlying shares Two UMH awards: 12,000 at $16.86 (exp. 6/16/2035) and 12,000 at $16.15 (exp. 1/21/2036)

Key Terms

dividend reinvestment, custodial account, underlying security, exercise price, +1 more

5 terms

dividend reinvestment financial

"Includes 502.09 shares acquired through dividend reinvestment on 3/16/26."

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.

custodial account financial

"Custodial account for Son, Daniel holds indirect UMH common stock."

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.

underlying security financial

"Each option references UMH Properties, Inc. as the underlying security."

exercise price financial

"Options carry an exercise price such as $15.80, $14.36 or $16.86."

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.

Preferred D financial

"UMH Properties, Inc. (Preferred D) represents a preferred stock holding."

FAQ

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

What does UMH (UMH) director Jeffrey A. Carus report in this Form 4?

Jeffrey A. Carus reports updated holdings of UMH securities, including common stock, preferred shares, and option-like awards. The filing mainly reflects current positions and dividend reinvestment activity, rather than new open-market buying or selling of UMH shares.

How many UMH (UMH) common shares does Jeffrey A. Carus hold directly?

He reports directly holding 34,067.82 UMH common shares. This total includes 502.09 shares acquired through dividend reinvestment on March 16, 2026, showing automatic reinvestment of dividends rather than a discretionary stock purchase in the open market.

What indirect UMH (UMH) holdings are reported for Carus’s custodial accounts?

The filing shows 740.97 UMH common shares in a custodial account for son Daniel and 630.44 shares for son Ethan. These positions include 11.58 and 9.86 shares, respectively, acquired through dividend reinvestment on March 16, 2026.

What stock options or similar awards in UMH (UMH) does Carus hold?

Carus holds options linked to 11,000 UMH shares at $15.80, 10,000 at $14.36, 12,000 at $16.86, and 12,000 at $16.15. These awards have expiration dates between 2033 and 2036, indicating long-dated equity incentives in UMH stock.

Does this UMH (UMH) Form 4 show any open-market buys or sells?

No open-market purchases or sales are identified in this Form 4. The entries are holding records, and the only changes described in footnotes are small share increases from dividend reinvestment, which occur automatically rather than through discretionary trades.

What preferred stock position in UMH (UMH) is disclosed for Carus?

The report lists 500 shares of UMH Properties, Inc. Preferred D stock held directly by Jeffrey A. Carus. This preferred position sits alongside his common stock and option-like awards, providing a different class of exposure to the company’s capital structure.

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

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Accepted by SEC EDGAR 04/16/2026 - 10:17 AM EDT 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 ROUTE 9 NORTH, 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)
03/16/2026

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.								34,067.82(1)	D
UMH Properties, Inc.								740.97(2)	I	Custodial account for Son, Daniel
UMH Properties, Inc.								630.44(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 502.09 shares acquired through dividend reinvestment on 3/16/26.

2. Includes 11.58 shares acquired through dividend reinvestment on 3/16/26.

3. Includes 9.86 shares acquired through dividend reinvestment on 3/16/26.

	Nelli Madden	04/16/2026
	** 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)