UMH Properties’ Koster reinvests dividends in 1,683 shares

The EVP and General Counsel's reported derivative positions include expirations through September 16, 2036.

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Form Type

Rhea-AI Filing Summary

UMH Properties, Inc.'s EVP and General Counsel, Craig Koster, reported directly held derivative positions and 337 Preferred D shares. The derivative positions include 75,000 underlying shares at a $14.3600 exercise price, expiring March 21, 2033, and 50,000 underlying shares at a $15.6600 exercise price, expiring March 26, 2034. The common-stock holding includes 1,683 shares acquired through dividend reinvestment on September 15, 2026, and 11,692 shares held in a 401(k) as of September 2026.

Insider Trade Summary

12 transactions reported

Mixed 12 txns

Insider Koster Craig

Role EVP and General Counsel

Type	Security	Shares	Price	Value
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc. ^F1	--	--	--
holding	UMH Properties, Inc. (Preferred D)	--	--	--

Holdings After Transaction: UMH Properties, Inc. — 404,000 contracts (Direct); UMH Properties, Inc. — 125,419.81 shares (Direct); UMH Properties, Inc. (Preferred D) — 337.002 shares (Direct)

Footnotes (1)

F1. Includes 1,683.18 shares acquired through dividend reinvestment on 9/15/26, and 11,692 shares held in 401(k) as of September 2026.

Key Figures

Derivative underlying shares: 75,000 underlying shares Derivative underlying shares: 50,000 underlying shares Derivative underlying shares: 39,000 underlying shares +5 more

8 metrics

Derivative underlying shares 75,000 underlying shares Exercise price $14.3600; expiration March 21, 2033

Derivative underlying shares 50,000 underlying shares Exercise price $15.6600; expiration March 26, 2034

Derivative underlying shares 39,000 underlying shares Exercise price $23.8100; expiration March 28, 2032

Derivative underlying shares 50,000 underlying shares Exercise price $22.5700; expiration July 14, 2031

Derivative underlying shares 50,000 underlying shares Exercise price $16.8600; expiration June 16, 2035

Derivative underlying shares 50,000 underlying shares Exercise price $15.5800; expiration September 16, 2036

Preferred D shares held 337 shares Direct holding reported September 15, 2026

Shares held in 401(k) 11,692 shares As of September 2026

Key Terms

underlying shares, exercise price, dividend reinvestment, 401(k)

4 terms

underlying shares financial

"75,000 underlying shares at a $14.3600 exercise price"

exercise price financial

"at a $14.3600 exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

dividend reinvestment financial

"shares acquired through dividend reinvestment"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

401(k) financial

"11,692 shares held in a 401(k)"

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What UMH derivative position expires in 2035?

Craig Koster, UMH Properties, Inc.'s EVP and General Counsel, reported a direct derivative position covering 50,000 underlying shares at an exercise price of $16.8600, expiring June 16, 2035.

What UMH derivative position expires in 2036?

Craig Koster, UMH Properties, Inc.'s EVP and General Counsel, reported a direct derivative position covering 50,000 underlying shares at an exercise price of $15.5800, expiring September 16, 2036.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/30/2026 - 12:25 PM Accepted by SEC EDGAR 09/30/2026 - 12:25 PM

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^*

Koster Craig

(Last)

(First)

(Middle)

3499 US HIGHWAY 9

SUITE 3C

(Street)

FREEHOLD

NEW JERSEY

07728

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UMH PROPERTIES, INC. [ UMH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP and General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
UMH Properties, Inc.								125,419.81⁽¹⁾	D
UMH Properties, Inc. (Preferred D)								337.002	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
UMH Properties, Inc.	$15.66							03/26/2025	03/26/2034	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	75,000		75,000	D
UMH Properties, Inc.	$23.81							03/28/2023	03/28/2032	UMH Properties, Inc.	39,000		39,000	D
UMH Properties, Inc.	$22.57							07/14/2022	07/14/2031	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$9.7							03/25/2021	03/25/2030	UMH Properties, Inc.	30,000		30,000	D
UMH Properties, Inc.	$11.42							01/02/2020	01/02/2029	UMH Properties, Inc.	20,000		20,000	D
UMH Properties, Inc.	$13.09							04/02/2019	04/02/2028	UMH Properties, Inc.	20,000		20,000	D
UMH Properties, Inc.	$15.04							04/04/2018	04/04/2027	UMH Properties, Inc.	20,000		20,000	D
UMH Properties, Inc.	$16.86							06/16/2026	06/16/2035	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$15.58							09/16/2027	09/16/2036	UMH Properties, Inc.	50,000		50,000	D

Explanation of Responses:

1. Includes 1,683.18 shares acquired through dividend reinvestment on 9/15/26, and 11,692 shares held in 401(k) as of September 2026.

	Nelli Madden	09/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR