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

Rhea-AI Filing Summary

A director, Amy Lynn Butewicz, received a director stock award of 1,243 shares on 09/17/2025 at a reported price of $15.08, increasing her reported beneficial ownership to 12,812.56 shares. The Form 4 identifies her as a director of UMH Properties, Inc. and was signed on 09/18/2025. The filing also discloses existing exercisable derivative holdings in UMH: 11,000 options with $15.80 strike expiring 01/10/2034, 10,000 options with $14.36 strike expiring 03/21/2033, and 12,000 options with $16.86 strike expiring 06/16/2035. The form states the 1,243 shares were a stock award for directors and is filed as a single reporting person filing.

Positive

• Director stock award disclosed: 1,243 shares acquired on 09/17/2025 at $15.08.
• Clear reporting of beneficial ownership: reported total of 12,812.56 shares following the transaction.
• Derivatives fully itemized: options disclosed with strikes ($14.36, $15.80, $16.86), quantities (10,000; 11,000; 12,000) and expirations (2023–2035 dates reported).
• Filing appears timely and signed: Form 4 signed on 09/18/2025 by the reporting person signer shown.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received a routine stock award and properly reported option holdings and the award on Form 4.

The filing documents a standard director stock award and discloses material derivative positions by exercise price and expiration. Reporting shows compliance with Section 16 timing and individualized reporting. The combined disclosure of non-derivative and derivative holdings provides transparency about the director's remuneration and potential future share issuance upon exercise of options.

Securities Analyst

TL;DR: Transaction is an insider award, not a market sale; options disclosed across multiple strikes and expirations.

The director acquired 1,243 shares at $15.08, lifting reported beneficial ownership to 12,812.56 shares. The three option positions (10,000; 11,000; 12,000) are disclosed with strikes of $14.36, $15.80 and $16.86 and expirations in 2033–2035, indicating future potential share conversion schedules by price band. The Form 4 is concise and limited to ownership changes and existing derivative instruments.

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^*

BUTEWICZ AMY LYNN

(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	12,812.56	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 Amy Lynn Butewicz report on Form 4?

The Form 4 reports a director stock award of 1,243 shares acquired on 09/17/2025 at $15.08 and discloses existing option holdings.

How many shares does Amy Lynn Butewicz beneficially own after the reported transaction (UMH)?

The filing reports 12,812.56 shares beneficially owned following the transaction.

What derivative securities does the Form 4 disclose for UMH insiders?

The Form 4 lists 11,000 options at $15.80 expiring 01/10/2034, 10,000 options at $14.36 expiring 03/21/2033, and 12,000 options at $16.86 expiring 06/16/2035.

Was the Form 4 filed individually or jointly for UMH?

The form indicates it was filed by one reporting person (individual filing).

Who signed the Form 4 for the reporting person?

The signature block shows Nelli Madden with a signature date of 09/18/2025.