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

Rhea-AI Filing Summary

Matthew I. Hirsch, a director of UMH Properties, Inc. (UMH), reported several transactions dated 09/17/2025. He received a director stock award of 1,243 shares at an indicated price of $15.08, recorded as an acquisition. After the reported transaction, his beneficial ownership of common stock is shown as 56,350.85 shares (direct) and 5,465.96 shares (indirect, held by spouse). The filing also lists outstanding stock options exercisable into 11,000, 10,000, and 12,000 shares with exercise prices of $15.80, $14.36, and $16.86 and exercisable/expiration dates noted in the filing.

Positive

• Director received a stock award of 1,243 shares on 09/17/2025, demonstrating alignment with shareholder interests
• Detailed disclosure of direct and indirect holdings (including spouse-held shares) increases transparency
• Outstanding options are fully disclosed with exercise prices and dates: 11,000 (@$15.80), 10,000 (@$14.36), 12,000 (@$16.86)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received routine equity compensation and holds existing vested/unvested options; disclosure is customary for Section 16 reporting.

The Form 4 documents a director stock award and lists the director's direct and indirect beneficial ownership, plus outstanding option positions with specific exercise prices and expiration dates. This is a standard disclosure for director compensation and insider reporting. No new material corporate actions, dispositions, or unusual related-party transactions are disclosed. The filing aids transparency on insider holdings but does not by itself indicate change in control or material dilution.

Securities Analyst

TL;DR: Insider acquisition of 1,243 shares via director award; multiple outstanding options detailed, but no sales or unusual trades reported.

The filing shows an acquisition of 1,243 shares at a recorded price and enumerates three option tranches exercisable through 2033–2035 for 11,000, 10,000, and 12,000 shares. The report clarifies direct versus indirect holdings including spouse-held shares. For investors, the document updates insider ownership levels and option exposures but contains no earnings or operational data to change valuation models.

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).

1. Name and Address of Reporting Person^*

HIRSCH MATTHEW I

(Last) (First) (Middle)

3499 RT 9 NORTH

STE 3-C

(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)
09/17/2025

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.	09/17/2025		A		1,243(1)	A	$15.08	56,350.85	D
UMH Properties, Inc.								5,465.96	I	Held by Spouse

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. Stock award for Directors.

	Nelli Madden	09/18/2025
	** 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 director Matthew I. Hirsch acquire on 09/17/2025?

He acquired a director stock award of 1,243 shares at a reported price of $15.08 on 09/17/2025.

How many UMH shares does Matthew I. Hirsch beneficially own after the reported transaction?

The filing shows 56,350.85 shares (direct) and 5,465.96 shares (indirect, held by spouse) following the transaction.

What option holdings does the Form 4 report for UMH (UMH)?

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

Was there any sale or disposition of UMH shares by the reporting person in this filing?

No. The Form 4 records an acquisition (stock award) and lists beneficial ownership and options; no dispositions are reported.

Who signed the Form 4 for UMH and when was it signed?

The form is signed by Nelli Madden on 09/18/2025 as the filing signature for the reporting person.