Umh

Director's Dealing • Mar 14, 2024

SEC Form 4

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

OMB APPROVAL OMB Number: 3235-0287 Estimated average burden

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

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

Instruction 10.
1. Name and Address of Reporting Person*			2. Issuer Name and Ticker or Trading Symbol UMH PROPERTIES, INC. [ UMH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
LANDY DANIEL O.				Director 10% Owner
(Last)	(First)	(Middle)		Officer (give title Other (specify X below) below)
			3. Date of Earliest Transaction (Month/Day/Year)	EVP and
3499 ROUTE 9 NORTH			03/07/2024	President of
SUITE 3C				OZ Fund
(Street)			4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable
FREEHOLD	NJ	07728		Line)
				X Form filed by One Reporting Person
(City)	(State)	(Zip)		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	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code V		Amount	(A) or (D)		Reported Transaction(s) (Instr. 3 and 4)
UMH Properties, Inc.	03/07/2024		M		8,240(1)	A	\$9.7	83,982.18	D
UMH Properties, Inc.								45,660.56	I	The Landy 2022 Family Trust
UMH Properties, Inc.								37,903	I	Juniper Plaza Associates, LTD.
UMH Properties, Inc.								16,220	I	Samuel Landy Family LTD Partnership
UMH Properties, Inc.								24,670	I	Windsor Industrial Park Associates, LTD.
UMH Properties, Inc. (Preferred D)								900	I	Windsor Industrial Park Associates, LTD.

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	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		Transaction(s) (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								02/08/2023 03/28/2032	UMH Properties, Inc.	78,100		78,100	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	03/07/2024		M			8,240(1)		03/25/2021 03/25/2030	UMH Properties, Inc.	80,000	\$0	71,760	D
UMH Properties, Inc.	\$13.9								04/02/2020 04/02/2029	UMH Properties, Inc.	100,000		100,000	D
UMH Properties, Inc.	\$12.94								12/10/2019 12/10/2028	UMH Properties, Inc.	25,000		25,000	D
UMH Properties, Inc.	\$15.75								07/09/2019 07/09/2028	UMH Properties, Inc.	10,000		10,000	D
UMH Properties, Inc.	\$13.09								04/02/2019 04/02/2028	UMH Properties, Inc.	1,000		1,000	D

Explanation of Responses:

1. Stock options exercise.

Nelli Madden 03/07/2024

** 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).

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.