Scott Shoemaker - 02 Jan 2026 Form 4 Insider Report for INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)

Role
Director
Signature
/s/ Scott Shoemaker
Issuer symbol
IIPR
Transactions as of
02 Jan 2026
Net transactions value
$0
Form type
4
Filing time
03 Feb 2026, 16:56:18 UTC
Previous filing
13 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Shoemaker Scott Director C/O INNOVATIVE INDUSTRIAL PROPERTIES, 11440 WEST BERNARDO COURT, SUITE 100, SAN DIEGO /s/ Scott Shoemaker 03 Feb 2026 0001689305

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIPR Common Stock Options Exercise $0 +911 +54% $0.000000 2,611 02 Jan 2026 Direct

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
transaction IIPR Restricted Stock Units 2020 Options Exercise $0 -911 -100% $0.000000 0 02 Jan 2026 Common Stock 911 $0.000000 Direct F1, F2
holding IIPR Restricted Stock Units 2025 2,796 02 Jan 2026 Common Stock 2,796 $0.000000 Direct F1, F3
holding IIPR Restricted Stock Units 2024 1,416 02 Jan 2026 Common Stock 1,416 $0.000000 Direct F1, F2
holding IIPR Restricted Stock Units 2023 2,247 02 Jan 2026 Common Stock 2,247 $0.000000 Direct F1, F2
holding IIPR Restricted Stock Units 2022 1,249 02 Jan 2026 Common Stock 1,249 $0.000000 Direct F1, F2
holding IIPR Restricted Stock Units 2021 883 02 Jan 2026 Common Stock 883 $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. (the "Company") common stock.
F2 The vesting of RSUs is subject to the satisfaction of the vesting conditions under the Company's NQDC Plan.
F3 All of the RSUs shall be released from the forfeiture restriction on June 11, 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 Nonqualified Deferred Compensation Plan (the "NQDC Plan"