UMH Properties CFO exercises options for 1,000 shares

Q: What did UMH (UMH) CFO Kevin S. Miller report in this Form 4?

Kevin S. Miller reported exercising stock options for 1,000 UMH common shares at an exercise price of $14.36 per share, increasing his directly held common stock through an option exercise rather than an open-market purchase or sale.

Q: At what price were the UMH (UMH) stock options exercised by the CFO?

The reported stock options were exercised at an exercise price of $14.36 per share. This price reflects the strike price of the options granted earlier, not necessarily the current market price on the exercise date.

Q: Does the UMH (UMH) Form 4 show any common stock sales by the CFO?

The Form 4 shows a stock option exercise for 1,000 shares and the acquisition of those shares, but it does not report any open-market sales of UMH common stock in this filing.

Q: What preferred shares of UMH (UMH) does the CFO hold according to the filing?

The filing lists 4,466.28 shares of UMH Properties, Inc. Preferred D stock as directly held by Kevin S. Miller. This preferred position is disclosed separately from his common stock and stock option holdings.

UMH PROPERTIES, INC. executive Kevin S. Miller, EVP, CFO and Treasurer, reported a stock option exercise.

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Rhea-AI Filing Summary

UMH PROPERTIES, INC. executive Kevin S. Miller, EVP, CFO and Treasurer, reported a stock option exercise. He exercised options for 1,000 shares of UMH common stock at an exercise price of $14.36 per share, resulting in the acquisition of 1,000 directly held shares. The filing also shows remaining directly held stock options covering 13,740 shares at an exercise price of $15.66 expiring in 2034 and 15,000 shares at $18.30 expiring in 2035. In addition, Miller directly holds 4,466.28 shares of UMH Properties, Inc. Preferred D stock.

Insider Trade Summary

1,000 shares exercised/converted

Exercise 5 txns

Insider Miller Kevin S.

Role EVP, CFO, Treasurer

Type	Security	Shares	Price	Value
Exercise	UMH Properties, Inc. ^F1	1,000	$14.36	$14K
Exercise	UMH Properties, Inc. ^F1	1,000	$14.36	$14K
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc. (Preferred D)	--	--	--

Holdings After Transaction: UMH Properties, Inc. — 30,740 contracts for 28,740 underlying shares (Direct); UMH Properties, Inc. — 24,041.12 shares (Direct); UMH Properties, Inc. (Preferred D) — 4,466.28 shares (Direct)

Footnotes (1)

F1. Exercise of stock options.

Key Figures

Options exercised: 1,000 shares Exercise price: $14.36 per share Remaining options 2034: 13,740 shares at $15.66 +2 more

5 metrics

Options exercised 1,000 shares Stock options exercised by Kevin S. Miller at $14.36 per share

Exercise price $14.36 per share Exercise or conversion price for 1,000 underlying common shares

Remaining options 2034 13,740 shares at $15.66 Directly held stock options expiring 2034-03-26

Remaining options 2035 15,000 shares at $18.30 Directly held stock options expiring 2035-03-06

Preferred D holdings 4,466.28 shares Directly held UMH Properties, Inc. (Preferred D) after transactions

Key Terms

stock options, exercise price, expiration date

3 terms

stock options financial

"Footnote F1: "Exercise of stock options.""

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

exercise price financial

""conversion_or_exercise_price": "14.3600" for the exercised options"

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.

expiration date financial

""expiration_date": "2034-03-26" for one option grant"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

FAQ

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

What did UMH (UMH) CFO Kevin S. Miller report in this Form 4?

Kevin S. Miller reported exercising stock options for 1,000 UMH common shares at an exercise price of $14.36 per share, increasing his directly held common stock through an option exercise rather than an open-market purchase or sale.

At what price were the UMH (UMH) stock options exercised by the CFO?

The reported stock options were exercised at an exercise price of $14.36 per share. This price reflects the strike price of the options granted earlier, not necessarily the current market price on the exercise date.

How many UMH (UMH) stock options does the CFO still hold after this transaction?

After the reported exercise, Miller still holds stock options on 13,740 shares at $15.66 expiring in 2034 and 15,000 shares at $18.30 expiring in 2035, all reported as directly owned derivative positions.

Does the UMH (UMH) Form 4 show any common stock sales by the CFO?

The Form 4 shows a stock option exercise for 1,000 shares and the acquisition of those shares, but it does not report any open-market sales of UMH common stock in this filing.

What preferred shares of UMH (UMH) does the CFO hold according to the filing?

The filing lists 4,466.28 shares of UMH Properties, Inc. Preferred D stock as directly held by Kevin S. Miller. This preferred position is disclosed separately from his common stock and stock option holdings.

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

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Accepted by SEC EDGAR 08/10/2026 - 03:36 PM EDT

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^*

Miller Kevin S.

(Last)

(First)

(Middle)

3499 US HIGHWAY 9

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, CFO, Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
UMH Properties, Inc.	08/10/2026		M		1,000⁽¹⁾	A	$14.36	24,041.12	D
UMH Properties, Inc. (Preferred D)								4,466.28	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
UMH Properties, Inc.	$14.36	08/10/2026		M			1,000⁽¹⁾	03/21/2024	03/21/2033	UMH Properties, Inc.	3,000	$14.36	2,000	D
UMH Properties, Inc.	$15.66							03/26/2025	03/26/2034	UMH Properties, Inc.	13,740		13,740	D
UMH Properties, Inc.	$18.3							03/06/2026	03/06/2035	UMH Properties, Inc.	15,000		15,000	D

Explanation of Responses:

1. Exercise of stock options.

	Nelli Madden	08/10/2026
	** 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)

Source: View Original Filing on SEC EDGAR