Transaction #10954 · Form 4 · 0001298786-25-000003

INNOVATIVE INDUSTRIAL PROPERTIES INC · Purchase · Common Stock

INNOVATIVE INDUSTRIAL PROPERTIES INC · Transacted November 20, 2025 · Filed November 20, 2025

Original SEC filing ↗

What does this filing report?

An SEC Form 4 filing for INNOVATIVE INDUSTRIAL PROPERTIES INC records a purchase involving Common Stock on November 20, 2025. The reported quantity was 1,000. The filing date is November 20, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Transaction details

Company CIK
0001677576
Security type
Non-derivative
Acquisition type
Purchase · Code P
Quantity acquired
1,000
Reported price
45.695
Reference value
45,695
Currency
Currency not specified
Ownership
Indirect
Holdings after transaction
58,500
Ownership description
By SLAT
SEC acceptance time
Nov 20, 2025, 4:48 PM EST
10b5-1 indication
Not indicated

Reference value is reported quantity × reported price. It is not a confirmed cash payment or an estimate of a derivative's economic value. A missing currency is not assumed to be USD.

Reporting owners

These are the reporting owners named in the filing. Quantities and amounts are not allocated among co-reporters. Roles reflect this filing, not a current profile.

Company listings

IIPR · NYSEIIPR-PA · NYSE

This transaction is not mapped to a specific company listing.

Filing footnotes & remarks

F1
A Spousal Lifetime Access Trust ("SLAT") for the benefit of the reporting person's spouse and adult child. The reporting person and the reporting person's spouse control the entity that serves as trustee of the SLAT.
F2
Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Innovative Industrial Properties, Inc.'s (the "Company") common stock.
F3
One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2023, January 1, 2024 and January 1, 2025, 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, 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.
F5
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.
F6
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 RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan (the "NQDC Plan").
F7
The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.

This record was updated Eastern Time. This is the stored record update time, not the transaction date. Report a correction.