Form 4 for IIPR INNOVATIVE INDUSTRIAL PROPERTIES INC
Accepted 2026-01-05 00:00:00 ET · period of report 2026-01-01 · accession 0001764631-26-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2026-01-05 | 2026-01-01 | IIPR | Smith David Jon | CFO AND Treas | M - OptEx | $0.00 | +4,555 | 5,155 | +759% | $0 |
| D | 2026-01-05 | 2026-01-01 | IIPR | Smith David Jon | CFO AND Treas | F - Tax | $47.36 | -1,634 | 3,521 | -32% | -$77.4K |
| D | 2026-01-05 | 2026-01-01 | IIPR | Smith David Jon | CFO AND Treas | M - OptEx | $0.00 | -4,555 | 9,110 | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2026-01-01 | M | A | 4,555 | $0.00 | 5,155 | D | — | — | |
| 2 | Common | Common Stock | 2026-01-01 | F | D | 1,634 | $47.36 | 3,521 | D | — | — | |
| 3 | Derivative | Restricted Stock Units 2025 | 2026-01-01 | M | D | 4,555 | $0.00 | 9,110 | D | — · — to — | 4,555 Common Stock | (F2) Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of Innovative Industrial Properties, Inc. (the "Company") common stock. (F3) One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2026, January 1, 2027 and January 1, 2028, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of 9,110 of the RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan (the "NQDC Plan"). |