UMH Properties (UMH) Chairman Nelli Madden reports 11,850-share stock gift

Rhea-AI Filing Summary

UMH Properties, Inc. insider Nelli Madden reported an intra-family gift of common stock. On 01/05/2026, Madden, a director and Chairman of UMH Properties, Inc., made a gift transfer of 11,850 shares at a price of $15.90 per share, coded as transaction type "G" for gift.

After this transaction, Madden directly beneficially owned 956,897.9 UMH shares, and also held additional indirect ownership through several entities, including The Sheltered Family Trust, the Eugene W. and Gloria Landy Family Foundation, the Landy & Landy Employees' Pension Plan, and the Landy & Landy Employees' Profit Sharing Plan. The filing also lists multiple long-dated stock options on UMH Properties, Inc. shares with exercise prices ranging from $9.70 to $22.57 and expirations between 2027 and 2035.

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

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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^*

LANDY EUGENE W

(Last) (First) (Middle)

3499 ROUTE 9 NORTH

STE. 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
X	Officer (give title below)		Other (specify below)
	Chairman

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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.	01/05/2026		G		11,850(1)	D	$15.9	956,897.9	D
UMH Properties, Inc.								112,849	I	The Sheltered Family Trust
UMH Properties, Inc.								154,380	I	Eugene W. and Gloria Landy Family Foundation
UMH Properties, Inc.								33,561.288	I	Landy & Landy Employees' Pension Plan
UMH Properties, Inc.								42,912.51	I	Landy & Landy Employees' Profit Sharing Plan

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.	$15.66							03/26/2025	03/26/2034	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	75,000		75,000	D
UMH Properties, Inc.	$18.52							09/09/2023	09/09/2032	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	$22.57							07/14/2022	07/14/2031	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	$9.7							03/25/2021	03/25/2030	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	$13.9							04/02/2020	04/02/2029	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	$13.09							04/02/2019	04/02/2028	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	$15.04							04/04/2018	04/04/2027	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	$16.86							06/16/2026	06/16/2035	UMH Properties, Inc.	100,000		100,000	D

Explanation of Responses:

1. Intra-family gift transfer.

	Nelli Madden	01/06/2026
	** 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.
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FAQ

What insider transaction did UMH (UMH) report in this Form 4?

The filing reports that Nelli Madden, a director and Chairman of UMH Properties, Inc., made an intra-family gift transfer of 11,850 shares of UMH common stock on 01/05/2026, identified with transaction code "G" for gift at a price of $15.90 per share.

How many UMH shares does Nelli Madden own after the reported transaction?

Following the reported gift transaction, Nelli Madden directly beneficially owned 956,897.9 UMH shares. The filing also shows additional indirectly owned shares held through entities such as The Sheltered Family Trust, the Eugene W. and Gloria Landy Family Foundation, the Landy & Landy Employees' Pension Plan, and the Landy & Landy Employees' Profit Sharing Plan.

What is the nature of the indirect ownership reported for UMH (UMH)?

In addition to direct holdings, the report lists indirect beneficial ownership of UMH shares by Nelli Madden through several entities, including The Sheltered Family Trust, the Eugene W. and Gloria Landy Family Foundation, the Landy & Landy Employees' Pension Plan, and the Landy & Landy Employees' Profit Sharing Plan, each with its own share balance.

What derivative securities related to UMH stock are reported in this Form 4?

The filing lists multiple stock options on UMH Properties, Inc. common stock as derivative securities. These options have exercise prices ranging from $9.70 to $22.57, with expiration dates between 2027 and 2035, and each line item covers 100,000 shares (or in one case 75,000 shares) underlying the options, all held with direct ownership.

What is the relationship of the reporting person to UMH Properties, Inc.?

The reporting person, Nelli Madden, is identified as both a Director and an Officer of UMH Properties, Inc., with the officer title listed as Chairman in the filing.

Is the reported UMH insider transaction a sale for cash or a gift?

The transaction is classified as a gift. The Explanation of Responses section describes it as an "Intra-family gift transfer", and the transaction code used is "G", which corresponds to a gift rather than an open-market purchase or sale.