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

Rhea-AI Filing Summary

UMH Properties insider transaction: Director Michael P. Landy purchased 10,000 shares of UMH Properties on 09/29/2025 at $14.46 per share, recorded as a direct acquisition. After the purchase he beneficially owns 362,051.59 shares directly. The filing also discloses indirect holdings: 18,310.2 shares held in an account carried forward for his son Aaron, and 48,000 shares held indirectly as co-manager of EWL Grandchildren Fund LLC. The form lists three outstanding options exercisable between 2024 and 2035 totaling 33,000 shares.

Positive

• Director purchase of 10,000 shares at $14.46 increases insider alignment with shareholders
• Comprehensive disclosure of direct, indirect and derivative holdings including option exercise prices and expirations

Negative

• Transaction size is modest relative to total shares outstanding so impact on control or market is limited

Insights

Financial Analyst

TL;DR: A director made a routine open-market purchase of 10,000 shares, modestly increasing insider ownership and signaling alignment with shareholders.

The direct purchase of 10,000 shares at $14.46 is a straightforward insider buy that increases the director's direct stake to 362,051.59 shares. Combined indirect holdings and outstanding options indicate meaningful aggregate exposure to UMH equity across personal and family vehicles. The transaction size is unlikely to materially alter control but is a positive insider ownership signal. No sales or disposition codes are reported in this filing.

Corporate Governance Expert

TL;DR: Director purchase and disclosure appear compliant; indirect holdings and option positions are properly reported.

The Form 4 discloses direct and indirect beneficial ownership and lists three option grants with exercise prices and expirations, consistent with required Section 16 reporting. The filing is signed and dated by the reporting person or representative. There are no amendments or disclaimers indicating corrective action. This filing does not disclose any governance changes or related-party transactions beyond routine ownership reporting.

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^*

LANDY MICHAEL P

(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)
09/29/2025

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.	09/29/2025		P		10,000(1)	A	$14.46	362,051.59	D
UMH Properties, Inc.								18,310.2	I	Account is C/F Son Aaron
UMH Properties, Inc.								48,000	I	Co-Manager of EWL Grandchildren Fund LLC

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.

	Nelli Madden	09/29/2025
	** 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 transaction did UMH director Michael P. Landy report on Form 4?

He purchased 10,000 shares of UMH on 09/29/2025 at a price of $14.46 per share, recorded as a direct acquisition.

How many UMH shares does Michael P. Landy beneficially own after the reported transaction?

Direct beneficial ownership is reported as 362,051.59 shares following the purchase.

Does the Form 4 disclose indirect or family-related holdings for UMH insider?

Yes. It shows 18,310.2 shares in an account carried forward for his son Aaron and 48,000 shares held indirectly as co-manager of EWL Grandchildren Fund LLC.

Are there outstanding derivative securities reported by the insider for UMH?

Yes. Three option positions are reported totaling 33,000 underlying shares with exercise prices $15.80, $14.36, and $16.86 and exercise/expiration dates between 01/10/2025 and 06/16/2035.

Was this Form 4 filed jointly or by a single reporting person?

Filed by one reporting person. The form indicates it was filed by one reporting person.