SEC Form 4 · accession 0001689305-26-000006
INNOVATIVE INDUSTRIAL PROPERTIES INC · IIPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Shoemaker
Director
Period of report
Sep 15, 2026
Accepted (ET)
Sep 17, 2026 · 5:03 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001677576
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 15, 2026 | S | 611 | $56.36 | D | 2,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units 2026F1,F2 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,652 | 2,652 | D |
| Restricted Stock Units 2025F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,796 | 2,796 | D |
| Restricted Stock Units 2024F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,416 | 1,416 | D |
| Restricted Stock Units 2023F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,247 | 2,247 | D |
| Restricted Stock Units 2022F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,249 | 1,249 | D |
| Restricted Stock Units 2021F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 883 | 883 | D |
Explanation of responses
- F1Each 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.
- F2All of the RSUs shall be released from the forfeiture restriction on June 9, 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 Nonqualified Deferred Compensation Plan (the "NQDC Plan").
- F3The vesting of RSUs is subject to the satisfaction of the vesting conditions under the Company's NQDC Plan.