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

Rhea-AI Filing Summary

Mitchell William Edward, a director of UMH Properties, Inc. (UMH), reported transactions dated 09/15/2025. The filing shows a disposal of 26,737 common shares and an indirect holding of 2,368.03 shares held through Mitchell Portfolio Management. The report also lists direct beneficial ownership of three classes of outstanding options convertible into UMH common stock: 11,000 shares (exercise price $15.80, exercisable 01/10/2025, expiring 01/10/2034), 10,000 shares (exercise price $14.36, exercisable 03/21/2024, expiring 03/21/2033), and 12,000 shares (exercise price $16.86, exercisable 06/16/2026, expiring 06/16/2035), totaling 33,000 optioned shares. The filing notes acquisition of 389.55 shares through dividend reinvestment on 09/15/2025. Signature block is by Nelli Madden dated 10/02/2025.

Positive

• None.

Negative

• Director disposed of 26,737 shares on 09/15/2025, reducing direct common stock ownership
• Indirect holdings reported (2,368.03 shares) indicate some shares are held outside direct ownership

Insights

Securities Analyst

TL;DR: Routine insider report showing a significant open-market disposal plus existing option position; no new material disclosures beyond holdings.

The Form 4 documents a direct sale of 26,737 common shares by a director on 09/15/2025 and records indirect ownership of 2,368.03 shares via Mitchell Portfolio Management. The director retains 33,000 optioned shares across three grants with varying exercise prices and expirations, indicating potential future insider-aligned equity if exercised. A small dividend reinvestment of 389.55 shares was also recorded. This filing is transactional and does not disclose operational or financial performance information.

Corporate Governance Expert

TL;DR: Disclosure is standard Section 16 activity: insider sale, portfolio-held shares, and outstanding options; governance implications are routine.

The report identifies the reporting person as a director and confirms both direct dispositions and indirect holdings. The presence of multiple outstanding option grants suggests compensation or long-term alignment, while the reported sale is a common liquidity event for insiders. No stock-based awards, director appointments, or governance changes are disclosed in this filing.

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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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).

1. Name and Address of Reporting Person^*

Mitchell William Edward

(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)
09/15/2025

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.								26,737(1)	D
UMH Properties, Inc.								2,368.03	I	Mitchell Portfolio Management

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. Includes 389.55 shares acquired through dividend reinvestment on 9/15/25.

	Nelli Madden	10/02/2025
	** 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 Mitchell William Edward report on Form 4 (UMH)?

The director reported a disposal of 26,737 shares on 09/15/2025, an indirect holding of 2,368.03 shares, and acquisition of 389.55 shares via dividend reinvestment.

How many optioned shares does the reporting person hold for UMH?

The report lists 33,000 optioned shares in total: 11,000; 10,000; and 12,000 shares under three separate grants with specified exercise prices and expiration dates.

Were any shares acquired by the reporting person on 09/15/2025?

Yes. The filing notes 389.55 shares were acquired through dividend reinvestment on 09/15/2025.

Does this Form 4 disclose any new executive appointments or governance changes at UMH?

No. The filing only reports changes in beneficial ownership by a director; it does not disclose appointments or governance changes.

When was the Form 4 signed and filed?

The signature block shows Nelli Madden with a date of 10/02/2025.