David Stecher - 15 Nov 2023 Form 4 Insider Report for INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)

Role
Director
Signature
/s/ Brian J. Wolfe, Attorney-in-Fact
Issuer symbol
IIPR
Transactions as of
15 Nov 2023
Net transactions value
-$201,888
Form type
4
Filing time
15 Nov 2023, 17:41:54 UTC
Previous filing
07 Jun 2023
Next filing
15 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIPR Common Stock Sale $201,888 -2,500 -25% $80.76 7,529 15 Nov 2023 Direct
holding IIPR Common Stock 70 15 Nov 2023 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding IIPR Restricted Stock Units 2020 911 15 Nov 2023 Common Stock 911 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of Innovative Industrial Properties, Inc.'s (the "Company") common stock.
F2 The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan.