UMH Properties (UMH) director buys shares via dividend reinvestment plan

Rhea-AI Filing Summary

UMH Properties, Inc. director Nelli Madden reported small stock purchases dated 12/15/2025. She acquired 32.79 shares at $15.25 per share for a custodial account for her son Daniel and 32.79 shares at the same price for a custodial account for her son Ethan through the company’s Dividend Reinvestment and Stock Purchase Plan.

After these transactions, she beneficially owned 30,023.85 common shares directly, 719.3 and 612.06 common shares indirectly in the two custodial accounts, 500 shares of UMH Properties, Inc. Preferred D stock, and stock options covering 11,000, 10,000 and 12,000 common shares at exercise prices of $15.8, $14.36 and $16.86, respectively.

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

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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.								30,023.85	D
UMH Properties, Inc.	12/15/2025		P		32.79(1)	A	$15.25	719.3	I	Custodial account for Son, Daniel
UMH Properties, Inc.	12/15/2025		P		32.79(2)	A	$15.25	612.06	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. Purchase of shares through the Dividend Reinvestment and Stock Purchase Plan on 12/15/2025.

2. Purchase of shares through the Dividend Reinvestment and Stock Purchase Plan on 12/15/2025.

	Nelli Madden	12/16/2025
	** 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).
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FAQ

What insider transaction did UMH (UMH) disclose for 12/15/2025?

Director Nelli Madden acquired 32.79 UMH Properties, Inc. shares at $15.25 for each of two custodial accounts on 12/15/2025.

How many UMH Properties common shares does Nelli Madden now beneficially own?

She reports 30,023.85 common shares held directly and indirect holdings of 719.3 shares in a custodial account for her son Daniel and 612.06 shares in a custodial account for her son Ethan.

What preferred stock holdings does Nelli Madden report in UMH (UMH)?

She reports direct ownership of 500 shares of UMH Properties, Inc. (Preferred D) stock.

Were the reported UMH insider purchases made through a dividend reinvestment plan?

Yes. Footnotes state each purchase was a "Purchase of shares through the Dividend Reinvestment and Stock Purchase Plan on 12/15/2025" for the two custodial accounts.

What stock options in UMH Properties does Nelli Madden hold?

She holds options covering 11,000 shares at an exercise price of $15.8 exercisable from 01/10/2025 to 01/10/2034, 10,000 shares at $14.36 exercisable from 03/21/2024 to 03/21/2033, and 12,000 shares at $16.86 exercisable from 06/16/2026 to 06/16/2035, all related to UMH Properties, Inc. common stock.