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

Rhea-AI Filing Summary

Matthew I. Hirsch, a director of UMH Properties, Inc. (UMH), reported transactions with an earliest transaction date of 09/15/2025. The filing shows a disposition of 57,023.48 shares of UMH common stock and indirect beneficial ownership of 5,535.45 shares held by his spouse after the reported transactions. The filing discloses dividend reinvestment additions of 672.63 shares and 69.49 shares on 09/15/2025. The report also lists derivative holdings consisting of options exercisable into 11,000, 10,000, and 12,000 shares with exercise prices of $15.80, $14.36, and $16.86 and expiration dates in 2033, 2034, and 2035 respectively. The form is signed on 09/29/2025.

Insights

Financial Analyst

TL;DR: Director reported a large disposition while retaining significant direct and derivative holdings, indicating ongoing exposure to UMH equity.

The Form 4 documents a sizeable sale of 57,023.48 UMH shares executed on 09/15/2025 and notes indirect ownership of 5,535.45 shares held by the reporting person’s spouse. Dividend reinvestment added 672.63 and 69.49 shares. Reported derivative positions include three option tranches exercisable into 11,000, 10,000, and 12,000 shares with strikes at $15.80, $14.36, and $16.86 and multi-year expirations through 2035. For investors, this is an insider sale accompanied by continued option-based equity exposure.

Corporate Governance Expert

TL;DR: Insider disclosure is complete on its face; the filing records a material sale plus retained option holdings and indirect spousal ownership.

The Form 4 identifies the reporting person as a director and indicates both direct dispositions and indirect holdings via a spouse, along with detailed option positions including exercise prices and expirations. The inclusion of dividend reinvestment amounts clarifies share movement on 09/15/2025. The report appears to meet Section 16 reporting elements by specifying transaction dates, quantities, and derivative details.

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

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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^*

HIRSCH MATTHEW I

(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
	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.								57,023.48(1)	D
UMH Properties, Inc.								5,535.45(2)	I	Held by Spouse

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 672.63 shares acquired through dividend reinvestment on 9/15/25.

2. Includes 69.49 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.
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