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

Rhea-AI Filing Summary

Kenneth K. Quigley Jr., a director of UMH Properties, Inc. (UMH), received a director stock award recorded on 09/17/2025. The Form 4 shows a non-derivative acquisition of 1,243 shares at $15.08, bringing the reported beneficial ownership figure to 36,529.17 (as stated on the form). The filing also lists existing derivative securities: 11,000 options at $15.80 exercisable beginning 01/10/2025 and expiring 01/10/2034; 10,000 options at $14.36 exercisable beginning 03/21/2024 and expiring 03/21/2033; and 12,000 options at $16.86 exercisable beginning 06/16/2026 and expiring 06/16/2035.

The form is filed individually by Mr. Quigley, lists his address in Freehold, NJ, and includes the explanation "stock award for Directors." The filing is signed by Nelli Madden on 09/18/2025.

Positive

• Director stock award granted, showing alignment of the director with shareholder interests via equity compensation.
• Detailed disclosure of option positions (amounts, exercise prices, exercisable and expiration dates) increases transparency on insider holdings.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director stock award increases reported holdings modestly; no new company financial data disclosed.

This Form 4 documents a director compensation event: a non-derivative grant of 1,243 shares at $15.08 on 09/17/2025, noted as a "stock award for Directors." The filing also catalogs substantial outstanding option positions totaling 33,000 shares across three option series with varying exercise prices and multi-year expirations. From an investor perspective, this is a governance/compensation disclosure rather than an operational or financial performance signal; it updates insider holdings which can marginally affect share count and insider alignment.

Corporate Governance Expert

TL;DR: Director received standard equity compensation; disclosure improves transparency on insider holdings and option maturities.

The filing clearly identifies the reporting person as a director and indicates the grant purpose as a director stock award. The record of existing option grants with exercise prices and expirations provides transparency on potential future dilution and exercise timelines. The document is a standard Section 16 disclosure showing alignment via equity, without indicating any material governance concerns or departures.

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).

1. Name and Address of Reporting Person^*

QUIGLEY KENNETH K JR

(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	36,529.17	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. 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 insider Kenneth K. Quigley Jr. acquire on 09/17/2025?

The Form 4 reports a non-derivative acquisition of 1,243 shares at $15.08 on 09/17/2025, described as a director stock award.

How many derivative securities does Kenneth K. Quigley Jr. report owning for UMH (UMH)?

The filing lists 33,000 options in total: 11,000 at $15.80 (exercisable 01/10/2025, exp 01/10/2034), 10,000 at $14.36 (exercisable 03/21/2024, exp 03/21/2033), and 12,000 at $16.86 (exercisable 06/16/2026, exp 06/16/2035).

Who filed the Form 4 for UMH and what is the filer’s relationship to the company?

The reporting person is Kenneth K. Quigley Jr., listed as a Director of UMH Properties, Inc.; the form is filed by one reporting person.

What explanation is provided for the reported share acquisition in the Form 4?

The form states the acquisition was a "Stock award for Directors."

When was the Form 4 signed and by whom?

The signature block shows Nelli Madden signed the form on 09/18/2025.