Gold Alan D 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Nov 25, 2025
Insider Transaction Report
Form 4
Gold Alan D
DirectorEXECUTIVE CHAIRMAN
Transactions
- Purchase
Common Stock
2025-11-24$49.09/sh+2,600$127,634→ 2,600 total(indirect: By Trust)
Holdings
- 213,308
Common Stock
- 16,218
Restricted Stock Units 2022
Exercise: $0.00→ Common Stock (16,218 underlying) - 45,438
Restricted Stock Units 2025
Exercise: $0.00→ Common Stock (45,438 underlying) - 58,500(indirect: By SLAT)
Common Stock
- 31,566
Restricted Stock Units 2023
Exercise: $0.00→ Common Stock (31,566 underlying) - 15,978
Restricted Stock Units 2020
Exercise: $0.00→ Common Stock (15,978 underlying) - 38,124
Restricted Stock Units 2024
Exercise: $0.00→ Common Stock (38,124 underlying) - 12,612
Restricted Stock Units 2021
Exercise: $0.00→ Common Stock (12,612 underlying)
Footnotes (8)
- [F1]SMG Irrevocable Trust for the benefit of the reporting person's adult child. The reporting person and the reporting person's spouse control the entity that serves as trustee of SMG Irrevocable Trust.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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").
- [F8]The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.