Umh

Director's Dealing • Aug 13, 2023

SEC Form 4

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

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response: 0.5 Check this box if no longer subject to

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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	affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person* Koster Craig						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 Officer (give title Other (specify X below) below) EVP and General Counsel
(Last) (First) (Middle) 3499 ROUTE 9 NORTH SUITE 3C					3. Date of Earliest T ransaction (Month/Day/Year) 08/10/2023
(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 Person
(City)	(State)		(Zip)
			Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)				Date	2. Transaction (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. 4)	6. Ownership Form: Direct (D) or Indirect (I)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
									Code	V	Amount		(A) or (D)	Price	(Instr. 3 and 4)
UMH Properties, Inc.					08/10/2023				A			7,375(1) A		\$15.83	70,115.05		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. 8)	Transaction Code (Instr.		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)		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		(Instr. 4)
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.	\$9.77										04/05/2017 04/05/2024		UMH Properties, Inc.	4,500		4,500		D

Explanation of Responses:

1. Bonus stock award

Nelli Madden 08/11/2023

** 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.

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