Umh

Director's Dealing • Mar 7, 2024

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

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

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OMB Number: 3235-0287 Estimated average burden

	of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.	the purchase or sale of equity securities
1. Name and Address of Reporting Person* Koster Craig						2. Issuer Name and Ticker or Trading Symbol UMH PROPERTIES, INC. [ UMH ]									(Check all applicable) Director	Officer (give title		5. Relationship of Reporting Person(s) to Issuer 10% Owner Other (specify
(Last) (First) (Middle) 3499 ROUTE 9 NORTH SUITE 3C						3. Date of Earliest Transaction (Month/Day/Year) 03/05/2024									X below) below) EVP and General Counsel
(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
(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
								Code	V	Amount	(A) or (D)	Price		Reported Transaction(s) (Instr. 3 and 4)				(Instr. 4)
UMH Properties, Inc.					03/05/2024		M		4,500(1)		A	\$9.77	76,589.59		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	10.	Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					Code V		(A)	(D)	Date Exercisable	Date	Expiration	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								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

Explanation of Responses:

1. Exercise of stock options.

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.