Smith David Jon 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Nov 20, 2025
Insider Transaction Report
Form 4
Smith David Jon
CFO AND TREASURER
Transactions
- Purchase
Common Stock
2025-11-20$45.90/sh+600$27,540→ 600 total
Holdings
- 13,665
Restricted Stock Units 2025
Exercise: $0.00→ Common Stock (13,665 underlying) - 13,080
Restricted Stock Units 2023
Exercise: $0.00→ Common Stock (13,080 underlying) - 10,893
Restricted Stock Units 2024
Exercise: $0.00→ Common Stock (10,893 underlying)
Footnotes (4)
- [F1]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.
- [F2]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2024, January 1, 2025 and January 1, 2026, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- [F3]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2025, January 1, 2026 and January 1, 2027, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- [F4]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").