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

Rhea-AI Filing Summary

UMH Properties, Inc. (UMH) director Mitchell William Edward reported changes in beneficial ownership on Form 4. The filing shows a non-derivative acquisition of 1,243 shares on 09/17/2025 at a reported price of $15.08 described as a "stock award for Directors." After the transaction, the filing lists 26,347.45 shares as beneficially owned following the reported transaction(s) and an indirect interest of 2,368.03 shares through Mitchell Portfolio Management. The report also discloses three option holdings exercisable between 03/21/2024 and 01/10/2025 with exercise prices of $14.36, $15.80, and $16.86 covering 10,000; 11,000; and 12,000 shares respectively.

Positive

• Director received a stock award of 1,243 shares at a reported price of $15.08, increasing alignments with shareholders
• Substantial option holdings disclosed (33,000 underlying shares total), indicating long-term incentive alignment
• Indirect ownership disclosed through Mitchell Portfolio Management (2,368.03 shares), showing additional beneficial interest

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received a routine stock award and holds meaningful option exposure, a neutral signal for near-term market impact.

The Form 4 discloses a director-level stock award of 1,243 shares at $15.08, increasing direct ownership to 26,347.45 shares. The director also holds three option tranches totaling 33,000 underlying shares with exercise prices of $14.36, $15.80, and $16.86. These option positions create potential future share issuance if exercised but are standard for long-term director alignment. There is also an indicated indirect stake of 2,368.03 shares via Mitchell Portfolio Management. The disclosure appears routine and informational rather than materially transformative for UMH's capital structure.

Corporate Governance Expert

TL;DR: Grant is a customary director stock award that aligns interests; no governance red flags disclosed.

The form explicitly states the 1,243-share award was a "stock award for Directors." Reporting indicates the filing is by one reporting person and lists the individual as a director. Option holdings and indirect ownership are clearly identified, and the signature block is present. There are no disclosures of related-party transactions, unusual vesting conditions, or departures from standard Section 16 reporting in the submitted content.

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^*

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)
09/17/2025

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	26,347.45	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. 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 Mitchell William Edward report on Form 4?

The director reported a non-derivative acquisition of 1,243 shares on 09/17/2025 at $15.08, listed as a "stock award for Directors."

How many shares does Mitchell William Edward beneficially own after the reported transaction?

The filing reports 26,347.45 shares beneficially owned following the reported transaction(s).

Does the Form 4 show any indirect holdings for the reporting person (UMH)?

Yes, the filing shows an indirect interest of 2,368.03 shares via Mitchell Portfolio Management.

What derivative securities does the report disclose for UMH?

The report lists three option tranches covering 10,000; 11,000; and 12,000 underlying shares with exercise prices of $14.36, $15.80, and $16.86, exercisable/dated between 03/21/2024 and 01/10/2025.

Who certified the Form 4 filing for UMH?

The filing bears the signature of Nelli Madden dated 09/18/2025 as shown on the form.