SEC Form 4 · accession 0001689308-26-000008
INNOVATIVE INDUSTRIAL PROPERTIES INC · IIPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul E. Smithers
Officer — PRESIDENT, CEO AND DIRECTOR · Director
Period of report
Jun 19, 2026
Accepted (ET)
Jun 23, 2026 · 5:06 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 StockF1 | Jun 19, 2026 | A | 22,299 | — | A | 172,876 | 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 2021F2,F3 | — | holding | — | — | — | — | — | Common Stock | 6,654 | 6,654 | D |
Explanation of responses
- F1Represents grant of restricted stock. One-third of the shares shall be released from the forfeiture restriction on each of January 1, 2027, January 1, 2028, and January 1, 2029, provided that the reporting person continues to be a non-employee director or employee of Innovative Industrial Properties, Inc. (the "Company") on such date.
- F2Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Company's common stock.
- F3The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan.