[Form 4] UMH Properties, Inc. Insider Trading Activity

Rhea-AI Filing Summary

UMH Properties, Inc. (UMH) – Form 4 insider filing

Director Amy Lynn Butewicz reported changes in her beneficial ownership as of 16 June 2025.

• Common shares: After the reported activity, Butewicz directly owns 11,569.56 UMH common shares. The fractional amount reflects 181.06 shares acquired through the company’s dividend-reinvestment plan (DRIP) on 16 June 2025.
• Derivative (stock option) positions: The director holds a total of 33,000 options across three grant tranches:
  • 11,000 options, strike $15.80, exercisable 10 Jan 2025, expiring 10 Jan 2034
  • 10,000 options, strike $14.36, exercisable 21 Mar 2024, expiring 21 Mar 2033
  • 12,000 options, strike $16.86, exercisable 16 Jun 2026, expiring 16 Jun 2035

The filing shows no open-market purchases or sales; the sole equity increase stems from automatic dividend reinvestment. Post-transaction, Butewicz maintains direct ownership for both the common shares and the derivative positions, indicating continued alignment of her personal financial interests with long-term shareholder value.

Positive

• No insider selling; the director’s stake increased via dividend reinvestment, suggesting continued alignment with shareholders.
• Long-dated options remain outstanding, potentially incentivising management to support price appreciation toward mid-teen strike levels.

Negative

• None.

Insights

Senior Securities Analyst

TL;DR – Routine DRIP increase; no insider selling, option overhang unchanged.

The Form 4 is largely administrative. A 181-share DRIP credit (<~0.002% of shares outstanding) raises the director’s common-stock stake to 11,570 shares, an immaterial increase in absolute and percentage terms. More importantly, there is no insider selling; her cumulative option grants (33,000 shares) remain intact with strike prices in the mid-teens, broadly aligned with the stock’s historical trading range. The filing neither signals bullish conviction (no cash purchase) nor bearish sentiment (no disposition). From a governance perspective, continued share accumulation via DRIP modestly reinforces shareholder alignment, but the event is not financially material to UMH’s capital structure or valuation prospects.

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).

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^*

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)
06/16/2025

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.								11,569.56(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 181.06 shares acquired through dividend reinvestment on 6/16/25.

	Nelli Madden	06/30/2025
	** 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

How many UMH common shares does Director Amy Lynn Butewicz now own?

She directly owns 11,569.56 shares after the 16 June 2025 DRIP allocation.

Were any UMH shares sold in this Form 4 filing?

No. The filing shows no dispositions; the only change was an incremental DRIP purchase.

What option grants does the director hold?

Three tranches totaling 33,000 options with strikes of $14.36, $15.80 and $16.86, expiring 2033-2035.

Does the filing indicate use of a Rule 10b5-1 trading plan?

The checkbox for a Rule 10b5-1 plan is present but not marked; no plan is indicated.

Is this Form 4 transaction material to UMH shareholders?

Given the small share count involved and absence of sales, the impact is not financially material.