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

Rhea-AI Filing Summary

UMH Properties insider report: Anna T. Chew, EVP and CFO and a director, filed a Form 4 disclosing changes in her beneficial ownership of UMH Properties (UMH). The filing shows a reported beneficial ownership figure of 1,116,845.9 shares following the reported transaction(s). It records 4,229.71 shares acquired through dividend reinvestment on 09/15/2025 and 54,159 shares held in a 401(k) as of 09/29/2025. The Form 4 also lists outstanding exercisable options across multiple grants totaling 394,000 underlying shares with exercise prices ranging from $9.70 to $23.81 and staggered exercise/expiration dates between 2027 and 2035.

Positive

• Dividend reinvestment added 4,229.71 shares on 09/15/2025, increasing the reporting person’s stake
• Reporting person holds 54,159 shares in a 401(k), indicating continued long-term ownership
• Detailed disclosure of outstanding options totaling 394,000 underlying shares provides transparency on potential future share issuance

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider reported modest share accumulation via dividend reinvestment and detailed a sizable portfolio of exercisable options.

The Form 4 is a routine Section 16 disclosure for Anna T. Chew, who serves as EVP, CFO and director. Key facts: a reported beneficial ownership number of 1,116,845.9 shares after the transaction, 4,229.71 shares added through dividend reinvestment on 09/15/2025, and 54,159 shares held in a 401(k) as of 09/29/2025. The filing enumerates outstanding options totaling 394,000 underlying shares with exercise prices from $9.70 to $23.81 and exercise/expiration windows from 2027 to 2035. This disclosure documents position and option holdings but does not indicate large open-market purchases or sales beyond the dividend reinvestment detail.

Corporate Governance Expert

TL;DR: Filing is a standard insider disclosure showing compensation-related option grants and dividend reinvestment activity.

The report combines compensation-derived derivative holdings and routine dividend reinvestment into a single Section 16 filing. The multiple option grants listed are typical for executive compensation, totaling 394,000 underlying shares and carrying exercise prices and maturities consistent with multi-year incentive programs. The filing is informational for investors tracking insider alignment with shareholder interests but contains no extraordinary corporate-governance events.

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
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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^*

CHEW ANNA T

(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
X	Officer (give title below)		Other (specify below)
	EVP and CFO

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.								1,116,845.9(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.	$15.66							03/26/2025	03/26/2034	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	75,000		75,000	D
UMH Properties, Inc.	$23.81							03/28/2023	03/28/2032	UMH Properties, Inc.	39,000		39,000	D
UMH Properties, Inc.	$22.57							07/14/2022	07/14/2031	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$9.7							03/25/2021	03/25/2030	UMH Properties, Inc.	20,000		20,000	D
UMH Properties, Inc.	$13.9							04/02/2020	04/02/2029	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$15.04							04/04/2018	04/04/2027	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$14.25							01/19/2018	01/19/2027	UMH Properties, Inc.	10,000		10,000	D
UMH Properties, Inc.	$16.86							06/16/2026	06/16/2035	UMH Properties, Inc.	50,000		50,000	D

Explanation of Responses:

1. Includes 4,229.71 shares acquired through dividend reinvestment on 9/15/25, and 54,159 shares held in 401(k) as of 9/29/25.

	Nelli Madden	10/02/2025
	** 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 change did Anna T. Chew report on the Form 4 for UMH?

The Form 4 reports a beneficial ownership figure of 1,116,845.9 shares after the reported transaction(s), including 4,229.71 shares acquired by dividend reinvestment on 09/15/2025.

How many shares does Anna T. Chew hold in a 401(k) according to the filing?

The filing states 54,159 shares held in a 401(k) as of 09/29/2025.

What derivative (option) holdings are disclosed by the reporting person?

The Form 4 lists multiple option grants that together underlie 394,000 shares, with exercise prices from $9.70 to $23.81 and exercise/expiration dates between 2027 and 2035.

Does the Form 4 show any open-market purchases or sales by the insider?

The filing explicitly notes dividend reinvestment and 401(k) holdings; it does not disclose open-market purchases or sales beyond those items.

What is Anna T. Chew’s role at UMH as listed on the Form 4?

She is reported as a Director and an Officer with the title EVP and CFO.