Umh — Director's Dealing 2023

Oct 22, 2023

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.

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 Section 16.

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

Instruction 10.
1. Name and Address of Reporting Person* LANDY SAMUEL A				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)							X	Officer (give title below)		Other (specify below)
3499 ROUTE 9 NORTH			10/16/2023	3. Date of Earliest Transaction (Month/Day/Year)						President and CEO
STE 3C
(Street)				4. If Amendment, Date of Original Filed (Month/Day/Year)						6. Individual or Joint/Group Filing (Check Applicable Line)
FREEHOLD	NJ	07728								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)			2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any	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	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial
				(Month/Day/Year)	Code	V	Amount	(A) or (D)	Price	Transaction(s) (Instr. 3 and 4)		Ownership (Instr. 4)
UMH Properties, Inc.			10/16/2023		P		73.39(1)	A	\$13.625	928,230.68(2)	D
UMH Properties, Inc.			10/16/2023		P		73.39(3)	A	\$13.625	10,965.78	I	Held by Spouse
UMH Properties, Inc.										44,131.92	I	Held with Spouse
UMH Properties, Inc.										45,024.01	I	The Landy 2022 Family Trust
UMH Properties, Inc.										48,000	I	Co-Manager of EWL Grandchildren Fund LLC

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. 3. Transaction 3A. Deemed 4. Transaction Conversion Date Execution Date, Code (Instr. 8) or Exercise (Month/Day/Year) if any Price of (Month/Day/Year) Derivative Security		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	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		Reported Transaction(s) (Instr. 4)
UMH Properties, Inc.	\$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	29,500		29,500	D
UMH Properties, Inc.	\$13.09							04/02/2019	04/02/2028	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	\$15.04							04/04/2018	04/04/2027	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	\$14.25							01/19/2018	01/19/2027	UMH Properties, Inc.	50,000		50,000	D

Explanation of Responses:

1. Purchase of shares through the Dividend Reinvestment and Stock Purchase Plan on 10/16/2023.

2. Total share ownership reflects a pro rata distribution in October 2023 of 14,240 shares by Landy Investments Ltd.

3. Purchase of shares through the Dividend Reinvestment and Stock Purchase Plan on 10/16/2023.

Nelli Madden 10/18/2023

** 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.

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.