UMH Properties (UMH) director Jeffrey Carus reports updated share and option stakes

Rhea-AI Filing Summary

UMH Properties, Inc. director Jeffrey A. Carus reported his updated ownership of the company’s securities. He now beneficially owns 30,464.73 common shares directly, plus 729.39 common shares in a custodial account for his son Daniel and 620.58 common shares in a custodial account for his son Ethan. He also holds 500 shares of UMH Properties, Inc. Preferred D stock directly. Some of these positions increased through dividend reinvestment on 12/15/2025, including 440.88 common shares in his direct holdings, 10.09 shares in Daniel’s custodial account, and 8.52 shares in Ethan’s custodial account. In addition, he holds stock options covering 11,000, 10,000 and 12,000 underlying common shares, with exercise prices of $15.80, $14.36 and $16.86 and expiration dates in 2033, 2034 and 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

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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)
12/15/2025

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.								30,464.73(1)	D
UMH Properties, Inc.								729.39(2)	I	Custodial account for Son, Daniel
UMH Properties, Inc.								620.58(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

Explanation of Responses:

1. Includes 440.88 shares acquired through dividend reinvestment on 12/15/2025.

2. Includes 10.09 shares acquired through dividend reinvestment on 12/15/2025.

3. Includes 8.52 shares acquired through dividend reinvestment on 12/15/2025.

	Nelli Madden	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did UMH (UMH Properties, Inc.) report for Jeffrey A. Carus?

The report shows director Jeffrey A. Carus updating his beneficial ownership in UMH Properties, Inc., reflecting current holdings of common stock, Preferred D shares, related custodial accounts and stock options, including shares added through dividend reinvestment on 12/15/2025.

How many UMH common shares does Jeffrey A. Carus directly own after this report?

Following the reported updates, Jeffrey A. Carus directly owns 30,464.73 common shares of UMH Properties, Inc., which include 440.88 shares acquired through dividend reinvestment on 12/15/2025.

What indirect UMH holdings does Jeffrey A. Carus report for his sons?

He reports indirect ownership of 729.39 common shares in a custodial account for his son Daniel and 620.58 common shares in a custodial account for his son Ethan, including 10.09 and 8.52 shares, respectively, acquired via dividend reinvestment on 12/15/2025.

Does Jeffrey A. Carus hold any UMH preferred stock?

Yes. He directly holds 500 shares of UMH Properties, Inc. (Preferred D) stock in addition to his common stock and option positions.

What UMH stock options does Jeffrey A. Carus beneficially own?

He beneficially owns stock options on 11,000 UMH common shares with a $15.80 exercise price expiring on 01/10/2034, options on 10,000 shares at $14.36 expiring on 03/21/2033, and options on 12,000 shares at $16.86 expiring on 06/16/2035.

Is Jeffrey A. Carus an officer or a 10% owner of UMH Properties, Inc.?

He is reported as a director of UMH Properties, Inc. and is not listed as an officer or a 10% owner in this report.