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

Rhea-AI Filing Summary

UMH Properties, Inc. Form 4 summary: A company director received a stock award of 1,243 common shares at a reported price of $15.08. The report shows the director’s total reported beneficial ownership following the transaction as 29,585.85 (as reported). The filing also discloses custodial holdings of 605.09 and 499.48 shares for two sons, a disposition of 500 preferred shares, and outstanding derivative positions consisting of 11,000, 10,000, and 12,000 options (total 33,000 underlying shares) with the listed exercise prices and dates.

Positive

• Director received 1,243 common shares via an awarded stock grant, which can align board incentives with shareholders
• Outstanding derivative positions total 33,000 underlying shares, indicating significant existing equity incentives

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director stock award and substantial option holdings reported; not clearly material to company valuation.

The Form 4 documents a director stock award of 1,243 common shares at $15.08 and discloses substantial outstanding options totaling 33,000 underlying shares across three strike prices. These items reflect equity-based compensation and long-term option exposure rather than an open-market purchase or sale by an insider. The custodial holdings noted for two family members and the small preferred disposition are administrative details. Absent additional context on total share count or dilutive impact, this filing appears routine and provides limited new information for valuation models.

Corporate Governance Expert

TL;DR: Director equity award aligns management and board with shareholders; transactions appear consistent with standard governance practices.

The disclosed stock award to a director is consistent with common director compensation practices intended to align interests with shareholders. The presence of custodial accounts for family members is disclosed and the disposition of 500 preferred shares is noted. The report of multiple option series indicates prior grant activity and continued equity incentives. No departures from typical disclosure or governance norms are apparent within the information provided.

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).

1. Name and Address of Reporting Person^*

Carus Jeffrey A

(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)
09/17/2025

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.	09/17/2025		A		1,243(1)	A	$15.08	29,585.85	D
UMH Properties, Inc.								605.09	I	Custodial account for Son, Daniel
UMH Properties, Inc.								499.48	I	Custodial account for Son, Ethan
UMH Properties, Inc. (Preferred D)								500	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. Stock award for Directors.

	Nelli Madden	09/18/2025
	** 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 activity did UMH (UMH) report on this Form 4?

The reporting director received a 1,243-share stock award at a reported price of $15.08, and disclosed custodial holdings and option positions.

How many options does the reporting person have in UMH according to the filing?

The filing shows option holdings of 11,000, 10,000, and 12,000 underlying shares, totaling 33,000 shares.

Did the Form 4 report any dispositions for the reporting person?

Yes, the filing indicates a disposition of 500 preferred shares and custodial account holdings for two sons were reported.

What was the reported price for the stock award on the Form 4?

The stock award of 1,243 shares was reported at a price of $15.08.

Does this Form 4 indicate a change in control or unusual insider trading activity?

No. The filing documents a director stock award, custodial holdings, a small preferred disposition, and existing option grants; nothing indicates a change in control or unusual trading within the provided content.