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

Rhea-AI Filing Summary

Samuel A. Landy, who serves as President, CEO and a director of UMH Properties, Inc. (UMH), reported an insider sale on 09/03/2025. The Form 4 shows a sale of 10,000 shares at $15.25 per share. After the reported sale, Mr. Landy retained a direct beneficial holding reported as 1,091,282.87 shares and multiple indirect holdings including 12,068.99 shares held by his spouse, 41,317.15 held with his spouse, 49,295.19 in the Landy 2022 Family Trust, and 48,000 via EWL Grandchildren Fund LLC (co-manager). The filing also lists outstanding derivative holdings exercisable into common stock: 29,500, 50,000, 50,000, and 50,000 options with exercise prices and expiration dates as shown in the form. The form is signed on 09/04/2025.

Positive

• Comprehensive disclosure of direct and indirect holdings including trusts and spouse-held shares
• Substantial retained ownership: 1,091,282.87 shares reported direct after sale
• Detailed option schedules disclosed with exercise prices and expirations

Negative

• Insider sale of 10,000 shares at $15.25 which reduces insider shareholding by that amount

Insights

Financial Analyst

TL;DR: Routine insider sale of 10,000 shares; large residual direct ownership remains, plus significant exercisable options.

The transaction reported is a straightforward sale of 10,000 shares at $15.25 each. Post-sale direct beneficial ownership remains substantial at 1,091,282.87 shares, indicating continued significant insider exposure to UMH equity. The report also discloses four sets of exercisable options totaling 179,500 underlying shares, each with specific exercise prices and expirations listed, which could dilute equity upon exercise but are standard for executive compensation. Based solely on the filing, this appears to be a non-event in terms of changing control or governance.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported sale and existing holdings; no governance changes or departures reported.

The Form 4 clearly identifies the reporting persons roles as President, CEO and director and provides a granular breakdown of direct and indirect holdings, including trusts and family-held positions. The sale is documented with price and amount and the form lists multiple option grants with exercise details, satisfying Section 16 disclosure norms. There are no indications of resignations, plan-based transactions, or changes in relationship to the issuer in this filing.

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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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^*

LANDY SAMUEL A

(Last) (First) (Middle)

3499 RT 9 NORTH

STE 3-C

(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)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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.	09/03/2025		S		10,000(1)	D	$15.25	1,091,282.87	D
UMH Properties, Inc.								12,068.99	I	Held by Spouse
UMH Properties, Inc.								41,317.15	I	Held with Spouse
UMH Properties, Inc.								49,295.19	I	The Landy 2022 Family Trust
UMH Properties, Inc.								48,000	I	Co-Manager of EWL Grandchildren Fund LLC

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.	$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	29,500		29,500	D
UMH Properties, Inc.	$13.09							04/02/2019	04/02/2028	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.	50,000		50,000	D

Explanation of Responses:

1. Sale of shares.

	Nelli Madden	09/04/2025
	** 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 insider transaction did UMH (UMH) report on this Form 4?

The Form 4 reports a sale of 10,000 shares by Samuel A. Landy on 09/03/2025 at a price of $15.25 per share.

How many UMH shares does Samuel A. Landy still beneficially own after the sale?

The filing reports 1,091,282.87 shares as direct beneficial ownership following the reported transaction, plus various indirect holdings.

Does the Form 4 show any options or derivative securities for Samuel A. Landy?

Yes. The Form 4 lists exercisable options underlying 29,500, 50,000, 50,000, and 50,000 shares with specified exercise prices and expiration dates.

What indirect holdings are disclosed for Mr. Landy?

Indirect holdings disclosed include 12,068.99 shares held by his spouse, 41,317.15 held with his spouse, 49,295.19 in the Landy 2022 Family Trust, and 48,000 via EWL Grandchildren Fund LLC (co-manager).

Who signed the Form 4 and when was it signed?

The form is signed by Nelli Madden on 09/04/2025.