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

Rhea-AI Filing Summary

Samuel A. Landy, who serves as President and CEO and as a director of UMH Properties, sold common stock on 08/11/2025, disposing of 45,700 shares at a reported price of $16.40 per share. The form reports the amount of securities beneficially owned following the transaction as 1,101,282.87 (as shown on the form). The filing also discloses multiple indirect holdings: 12,068.99 shares held by spouse, 41,317.15 held with spouse, 49,295.19 held by The Landy 2022 Family Trust, and 48,000 via co-management of EWL Grandchildren Fund LLC.

The filing lists derivative holdings consisting of four option grants totaling 179,500 underlying shares with various exercise prices and expiration dates, indicating continued option-based exposure to UMH stock.

Positive

• Continued substantial ownership: Reporting person retains a reported post-transaction beneficial ownership of 1,101,282.87 (as shown) and multiple indirect holdings.
• Significant option exposure: Holds 179,500 underlying option shares across four grants, indicating ongoing alignment with long-term stock performance.

Negative

• Insider sale executed: The reporting person sold 45,700 shares at $16.40, representing an insider liquidity event that reduces direct holdings.

Insights

Securities Analyst

TL;DR: CEO sold 45,700 shares at $16.40 but retains substantial direct, indirect and option exposure to UMH.

The sale of 45,700 shares at $16.40 reduces direct stock holdings but does not eliminate executive exposure: the reporting person reports a post-transaction beneficial ownership figure of 1,101,282.87 (as shown) and holds 179,500 option-based shares exercisable over multiple dates. For investors, this is a routine insider liquidity event rather than a forfeiture of alignment, given continued sizeable holdings across direct, indirect and trust vehicles. The presence of multiple long-dated option grants suggests ongoing incentive alignment with stock performance.

Corporate Governance Expert

TL;DR: Insider sale disclosed; mixed governance signal because executive remains heavily invested through direct, indirect and derivative positions.

The Form 4 shows a reported sale (S) of 45,700 shares on 08/11/2025 at $16.40. The reporting person continues to report indirect holdings via spouse, a family trust and a co-managed fund, plus substantial option holdings totaling 179,500 underlying shares with staggered exercisability and expirations. From a governance standpoint, the combination of an open-market sale and sustained ownership through multiple vehicles is common; materiality depends on company size and the executive's proportional holdings, which the form documents but does not contextualize relative to total outstanding shares.

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^*

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)
08/11/2025

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.	08/11/2025		S		45,700(1)	D	$16.4	1,101,282.87	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	08/11/2025
	** 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 did UMH (UMH) insider Samuel A. Landy do on 08/11/2025?

The Form 4 reports that Samuel A. Landy sold 45,700 shares of UMH Properties, Inc. on 08/11/2025 at a reported price of $16.40 per share.

How many shares does the reporting person still beneficially own after the transaction?

The form lists the amount of securities beneficially owned following the transaction as 1,101,282.87 (as shown on the filing).

Does the filing show indirect or family holdings for the UMH reporting person?

Yes. The filing discloses indirect holdings including 12,068.99 shares held by spouse, 41,317.15 held with spouse, 49,295.19 in The Landy 2022 Family Trust, and 48,000 via co-management of EWL Grandchildren Fund LLC.

Are there any derivative or option positions disclosed for UMH insider Landy?

Yes. Table II lists four option grants with exercise prices of $14.36, $13.09, $15.04, and $14.25, together underlying 179,500 shares in total.

What roles does the reporting person hold at UMH?

The filing identifies Samuel A. Landy as both a Director and as an Officer with the title President and CEO.