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

Rhea-AI Filing Summary

UMH Properties, Inc. (UMH) Form 4 disclosure: Director Amy Lynn Butewicz reported transactions with an earliest transaction date of 09/15/2025. The filing shows 12,992.09 shares reported as disposed (D) in the non-derivative section and lists three derivative-security entries reflecting option-related positions: 11,000 underlying shares with a $15.80 conversion/exercise price (01/10/2025 exercisable/2034 expiration), 10,000 shares at $14.36 (03/21/2024 exercisable/2033 expiration), and 12,000 shares at $16.86 (06/16/2026 exercisable/2035 expiration). The explanatory note states 179.53 shares were acquired via dividend reinvestment on 09/15/2025. The form is signed by Nelli Madden on 09/29/2025.

Insights

Securities Analyst

TL;DR: Insider reported a sizeable disposal and option-related holdings; disclosure is factual and routine without forward commentary.

The Form 4 details both a non-derivative disposition of 12,992.09 shares and multiple derivative holdings tied to option instruments with specified exercise prices and long-dated expirations. The filing includes a dividend reinvestment of 179.53 shares, indicating routine corporate actions. From an investor-disclosure perspective, the filing is complete for the events listed and allows reconciliation of the reporting person's beneficial ownership and option positions as of the stated dates.

Corporate Governance Expert

TL;DR: Director-level insider reported transactions consistent with standard Section 16 reporting; no governance red flags evident in the form.

The reporting person is identified as a director and the Form 4 records both disposals and documented derivative positions with clear exercise prices and expirations. The inclusion of a dividend reinvestment note enhances transparency. There are no statements of amendments or corrections beyond the primary disclosure; timing and signature are provided, meeting basic reporting formalities.

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

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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).

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)
09/15/2025

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.								12,992.09(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 179.53 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.
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 transactions did Amy Lynn Butewicz report on the UMH Form 4?

The filing reports a 12,992.09 share disposition and derivative-security entries representing 11,000, 10,000, and 12,000 underlying shares with specified exercise prices and expirations.

When was the earliest transaction reported on this Form 4 for UMH?

The earliest transaction date listed on the Form 4 is 09/15/2025.

Did the filing include any shares acquired through dividend reinvestment?

Yes. The explanatory note states 179.53 shares were acquired via dividend reinvestment on 09/15/2025.

What is the reporting person's relationship to UMH?

The filing identifies Amy Lynn Butewicz as a Director of UMH Properties, Inc.

When was the Form 4 signed and who signed it?

The form is signed by Nelli Madden with the signature date 09/29/2025.