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

Rhea-AI Filing Summary

UMH Properties insider transaction summary: Director Angela D. Pruitt reported changes in her beneficial ownership of UMH Properties, Inc. (UMH). The Form 4 shows a reported disposition of 11,301.42 common shares on 09/15/2025, and the form notes that 153.69 shares were acquired via dividend reinvestment on that same date. The filing also lists outstanding exercisable options held directly: 11,000 shares (exercise $15.80, exercisable 01/10/2025 expiring 01/10/2034), 10,000 shares (exercise $14.36, exercisable 03/21/2024 expiring 03/21/2033), and 12,000 shares (exercise $16.86, exercisable 06/16/2026 expiring 06/16/2035). The Form 4 was signed and dated 09/29/2025.

Positive

• Disclosure completeness: Form 4 includes transaction date, quantities, option details, and an explanation for dividend reinvestment
• Continued equity alignment: Reporting person retains exercisable options covering 33,000 underlying shares

Negative

• Insider sale: Director reported a disposition of 11,301.42 shares on 09/15/2025, which may be viewed negatively by some investors
• Missing context on sale rationale: Filing does not state whether the sale was part of a 10b5-1 plan or for other personal reasons

Insights

Securities Analyst

TL;DR Director reported a sizable disposition of shares while retaining material option holdings and a small dividend reinvestment.

The reported disposition of 11,301.42 common shares by a director is a clear insider sale that investors often monitor for sentiment but the filing does not state the value or whether the sale was part of a pre-arranged plan. The simultaneous dividend reinvestment of 153.69 shares is immaterial in size relative to the disposition. Notably, the reporting person still holds multiple exercisable options totaling 33,000 underlying shares across three option grants with varying strikes and long-dated expirations, which indicates continued vested economic exposure to UMH equity. Without price or percentage-of-outstanding-shares context the market impact is unclear.

Corporate Governance Expert

TL;DR Insider disclosed a sale but maintains significant option-based ownership; disclosure appears complete for Section 16 purposes.

The Form 4 provides the necessary transaction codes, dates, and option schedules consistent with Section 16 reporting. The sale code is recorded as a disposition and the form explicitly explains the dividend reinvestment amount. From a governance perspective the director remains aligned with shareholders through vested options totaling 33,000 underlying shares. The filing lacks detail on whether the disposition was under a Rule 10b5-1 plan or for personal liquidity, which limits interpretation of motivation but does not affect the technical sufficiency of disclosure.

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^*

PRUITT ANGELA D.

(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)
09/15/2025

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.								11,301.42(1)	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. Includes 153.69 shares acquired through dividend reinvestment on 9/15/25.

	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.
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FAQ

What did Angela D. Pruitt report on the UMH Form 4 (UMH)?

The filing reports a disposition of 11,301.42 shares on 09/15/2025 and the acquisition of 153.69 shares via dividend reinvestment the same day.

How many option-based shares does the reporting person hold?

The Form 4 lists exercisable options underlying a total of 33,000 shares: 11,000 at $15.80, 10,000 at $14.36, and 12,000 at $16.86.

When were the transactions and when was the Form 4 signed?

The transaction date is 09/15/2025 and the Form 4 was signed on 09/29/2025.

Does the filing explain why shares were sold?

No. The Form 4 does not specify whether the disposition was pursuant to a pre-arranged plan or for other personal reasons.

Was the dividend reinvestment material?

No. The filing shows a reinvestment of 153.69 shares, which is small relative to the reported disposition.