SMITH DAVID JON (CFO AND TREASURER) exercised options at INNOVATIVE INDUSTRIAL PROPERTIES INC
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 1/5/2026ACC: 0001764631-26-000002
Officer· CFO AND TREASURER
Since Mar 2023
-1.63K
Net shares
Net seller
$77.4K
Total sold
0
Open market trades
0B · 0S
3
Total transactions
4.55K acquired · 6.19K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+4.55K
Price / share
—
Trade value
—
% of position
759.2%
1/1/2026
600.00→5.16K
Common Stock
Direct
Shares
−1.63K
Price / share
$47.36
Trade value
$77.39K
% of position
31.7%
1/1/2026
5.16K→3.52K
Total
Net shares
+2.92K
Net value
-$77.39K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 1/1/2026 | M · Option Exercise | +4.55K | — | — | 759.2% | 600.00 | 5.16K |
| Common Stock Direct | 1/1/2026 | F · Tax Withholding | −1.63K | $47.36 | $77.39K | 31.7% | 5.16K | 3.52K |
| Total | +2.92K | -$77.39K | ||||||
Derivative Transactions1
Restricted Stock Units 2025
Direct
Converts to
Common Stock
4.55K shares
Shares
−4.55K
Strike price
Held after
9.11K
Exercisable
—
1/1/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Restricted Stock Units 2025 Direct | Common Stock4.55K shares | 1/1/2026 | M · Option Exercise | −4.55K | — | 9.11K |
Non-Derivative Holdings (Post-Transaction)0
No non-derivative holdings reported
Derivative Holdings (Post-Transaction)2
Restricted Stock Units 2023
DirectUnderlying security
Common Stock
Underlying shares
13.08K
Shares owned
13.08K
Exercise price
Expiration
—
Exercise window
—
Restricted Stock Units 2024
DirectUnderlying security
Common Stock
Underlying shares
10.89K
Shares owned
10.89K
Exercise price
Expiration
—
Exercise window
—
Total
Underlying
23.97K
Owned
23.97K
| Security | Underlying | Exercise Price | Exercise Window | Expiration | Underlying Shares | Shares Owned |
|---|---|---|---|---|---|---|
| Restricted Stock Units 2023 Direct | Common Stock | — | — | 13.08K | 13.08K | |
| Restricted Stock Units 2024 Direct | Common Stock | — | — | 10.89K | 10.89K | |
| Total | 23.97K | 23.97K | ||||