GOLD ALAN D (Executive Chairman) purchased 2.60K shares of INNOVATIVE INDUSTRIAL PROPERTIES INC on the open market

Open‑market purchase worth $127.6K. The strongest form of insider conviction signal.

P · 1 purchase

GOLD ALAN D

Filed: 11/25/2025ACC: 0001298786-25-000005

InsiderGOLD ALAN DCIK 1298786

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IssuerINNOVATIVE INDUSTRIAL PROPERTIES INCCIK 1677576

DirectorOfficer· Executive Chairman

Since Oct 2018

+2.60K

Net shares

Net buyer

$127.6K

Total acquired

Open market trades

1B · 0S

Total transactions

2.60K acquired

Non-Derivative Transactions1

Common Stock

Indirect

P · Purchase

+2.60K

Price / share

$49.09

Trade value

$127.63K

% of position

New position

11/24/2025

0.00→2.60K

Total

Net shares

+2.60K

Net value

$127.63K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	11/24/2025	P · Purchase	+2.60K	$49.09	$127.63K	New position	0.00	2.60K
Total			+2.60K		$127.63K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned58.50K

Common Stock

Direct

Shares owned213.31K

Total

213.31K direct·58.50K indirect271.81K

Security Title	Shares Owned	Ownership Type
Common Stock	58.50K	Indirect
Common Stock	213.31K	Direct
Total	271.81K	213.31K direct·58.50K indirect

Derivative Holdings (Post-Transaction)6

Restricted Stock Units 2022

Direct

Underlying security

Common Stock

Underlying shares

16.22K

Shares owned

16.22K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units 2020

Direct

Underlying security

Common Stock

Underlying shares

15.98K

Shares owned

15.98K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units 2024

Direct

Underlying security

Common Stock

Underlying shares

38.12K

Shares owned

38.12K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units 2023

Direct

Underlying security

Common Stock

Underlying shares

31.57K

Shares owned

31.57K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units 2025

Direct

Underlying security

Common Stock

Underlying shares

45.44K

Shares owned

45.44K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units 2021

Direct

Underlying security

Common Stock

Underlying shares

12.61K

Shares owned

12.61K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

159.94K

Owned

159.94K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units 2022 Direct	Common Stock	0	—	—	16.22K	16.22K
Restricted Stock Units 2020 Direct	Common Stock	0	—	—	15.98K	15.98K
Restricted Stock Units 2024 Direct	Common Stock	0	—	—	38.12K	38.12K
Restricted Stock Units 2023 Direct	Common Stock	0	—	—	31.57K	31.57K
Restricted Stock Units 2025 Direct	Common Stock	0	—	—	45.44K	45.44K
Restricted Stock Units 2021 Direct	Common Stock	0	—	—	12.61K	12.61K
Total					159.94K	159.94K