Umh

Director's Dealing • Mar 14, 2024

SEC Form 4

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

FORM 4	UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL OMB Number: 3235-0287 Estimated average burden

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Check this box if no longer subject to hours per response: 0.5 Section 16. Form 4 or Form 5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

	the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.	the purchase or sale of equity securities of the issuer that is intended to satisfy
1. Name and Address of Reporting Person* LANDY EUGENE W						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
(Last) (First) (Middle) 3499 ROUTE 9 NORTH SUITE 3C						3. Date of Earliest Transaction (Month/Day/Year) 03/11/2024			Officer (give title Other (specify X below) below) Chairman
(Street) FREEHOLD NJ 07728						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
(City)		(State)	(Zip)										Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 2. Transaction 1. Title of Security (Instr. 3) 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		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)		7. Nature of Indirect Beneficial Ownership
							Code	V	Amount	(A) or (D)		Price	Reported Transaction(s) (Instr. 3 and 4)				(Instr. 4)
	UMH Properties, Inc.			03/11/2024			M		100,000(1)		A	\$9.77	993,757.9		D
	UMH Properties, Inc.												112,849		I		The Sheltered Family Trust
	UMH Properties, Inc.												152,880		I		Eugene W. and Gloria Landy Family Foundation
	UMH Properties, Inc.												33,561.288		I		Landy & Landy Employees' Pension Plan
UMH Properties, Inc.													42,912.51		I		Landy & Landy Employees' Profit Sharing Plan
						Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative	2. Conversion	3. Transaction Date	3A. Deemed Execution Date,	4.	Transaction	5. Number of Derivative	Expiration Date		6. Date Exercisable and	7. Title and Amount of Securities Underlying			8. Price of 9. Number of Derivative derivative			10. Ownership	11. Nature of Indirect

	Derivative Security (Instr. 3)	Conversion or Exercise Price of Derivative Security	Date (Month/Day/Year)	Execution Date, if any (Month/Day/Year)	Transaction Code (Instr. 8)		Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		Expiration Date (Month/Day/Year)		Securities Underlying Derivative Security (Instr. 3 and 4)		Derivative Security (Instr. 5)	derivative Securities Beneficially Owned Following Reported Transaction(s)	Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	of Indirect Beneficial Ownership (Instr. 4)
					Code	V		(A) (D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares		(Instr. 4)
	UMH Properties, Inc.	\$14.36								03/21/2024 03/21/2033	UMH Properties, Inc.	75,000		75,000	D
	UMH Properties, Inc.	\$18.52								09/09/2023 09/09/2032	UMH Properties, Inc.	100,000		100,000	D
	UMH Properties, Inc.	\$22.57								07/14/2022 07/14/2031	UMH Properties, Inc.	100,000		100,000	D
	UMH Properties, Inc.	\$9.7								03/25/2021 03/25/2030	UMH Properties, Inc.	100,000		100,000	D
	UMH Properties,	\$13.9								04/02/2020 04/02/2029	UMH Properties,	100,000		100,000	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)		and 5)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4	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	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	Amount or Number Title of Shares			Transaction(s) (Instr. 4)
Inc.										Inc.
UMH Properties, Inc.	\$13.09								04/02/2019 04/02/2028	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	\$15.04								04/04/2018 04/04/2027	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	\$9.77	03/11/2024		M			100,000(1)		04/05/2017 04/05/2024	UMH Properties, Inc.	100,000	\$9.77	0	D
	Explanation of Responses:

1. Stock options exercise.

Nelli Madden 03/13/2024

** 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).

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