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

Rhea-AI Filing Summary

Form 4 filing overview – UMH Properties, Inc. (UMH)

Director Kenneth K. Quigley Jr. filed a Form 4 dated 06/30/2025 covering ownership as of the earliest reportable transaction on 06/16/2025.

• Common stock (non-derivative): Beneficial ownership stands at 35,286.17 shares, reflecting an additional 381.48 shares acquired through the company’s dividend reinvestment plan on 06/16/2025.
• Derivative holdings (stock options):
  • 11,000 options exercisable at $15.80, exercisable beginning 01/10/2025 and expiring 01/10/2034.
  • 10,000 options exercisable at $14.36, exercisable beginning 03/21/2024 and expiring 03/21/2033.
  • 12,000 options exercisable at $16.86, exercisable beginning 06/16/2026 and expiring 06/16/2035.

The filing does not list any sales or dispositions; it simply updates Mr. Quigley’s share count and lists existing option positions. The incremental purchase via dividend reinvestment is modest relative to total ownership and the company’s daily trading volume, so the market impact is expected to be limited.

Positive

• Incremental share acquisition through dividend reinvestment increases director’s direct ownership, albeit modestly.
• No insider sales reported, which avoids negative signalling to the market.

Negative

• None.

Insights

Equity Research Analyst

TL;DR: Minor insider share increase via DRIP; no sales, neutral signal.

The Form 4 shows Director Quigley added just 381 shares through dividend reinvestment, bringing total common stock ownership to ~35.3k shares. He also discloses option positions totaling 33k shares with strikes between $14.36 and $16.86. There is no evidence of open-market buying or selling. Such DRIP-driven increases are routine and generally immaterial to valuation. However, the absence of sales maintains a neutral-to-slightly constructive governance signal, indicating continued alignment but without a meaningful incremental commitment.

Corporate Governance Specialist

TL;DR: Filing is routine, confirms compliance, impact negligible.

From a governance standpoint, timely filing of Form 4 within two business days evidences compliance with Section 16 requirements. The disclosed positions affirm that the director maintains a meaningful equity stake and option incentives aligning interests with shareholders. Because additions stem from automated dividend reinvestment, the event is non-discretionary; therefore, it carries little signalling effect. No red flags are present.

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^*

QUIGLEY KENNETH K JR

(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)
06/16/2025

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.								35,286.17(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.	$15.8							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 381.48 shares acquired through dividend reinvestment on 6/16/25.

	Nelli Madden	06/30/2025
	** 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

How many UMH shares does Director Kenneth K. Quigley Jr. now own?

He beneficially owns 35,286.17 common shares following the reported transaction.

What was the nature of the latest UMH transaction on 06/16/2025?

It was an automatic dividend reinvestment purchase of 381.48 shares; no open-market trade occurred.

How many UMH stock options does the director hold and at what strikes?

He holds 33,000 options with strike prices of $15.80 (11k), $14.36 (10k), and $16.86 (12k).

Did the filing disclose any insider sales of UMH shares?

No. The Form 4 shows only acquisitions; there were no dispositions reported.

Is this Form 4 filing considered material to UMH investors?

The transaction size is modest and automated; it is generally viewed as routine and not materially impactful to valuation.