SMITHERS PAUL E. (President, CEO and Director) 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: 1/6/2026ACC: 0001689308-26-000004
DirectorOfficer· President, CEO and Director
Since Jan 2019
-5.17K
Net shares
Net seller
$255.7K
Total sold
0
Open market trades
0B · 0S
3
Total transactions
10.65K acquired · 15.82K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+10.65K
Price / share
—
Trade value
—
% of position
10.9%
1/2/2026
97.45K→108.10K
Common Stock
Direct
Shares
−5.17K
Price / share
$49.47
Trade value
$255.71K
% of position
4.8%
1/2/2026
108.10K→102.93K
Total
Net shares
+5.48K
Net value
-$255.71K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 1/2/2026 | M · Option Exercise | +10.65K | — | — | 10.9% | 97.45K | 108.10K |
| Common Stock Direct | 1/2/2026 | F · Tax Withholding | −5.17K | $49.47 | $255.71K | 4.8% | 108.10K | 102.93K |
| Total | +5.48K | -$255.71K | ||||||
Derivative Transactions1
Restricted Stock Units 2020
Direct
Converts to
Common Stock
10.65K shares
Shares
−10.65K
Strike price
Held after
0.00
Exercisable
—
1/2/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Restricted Stock Units 2020 Direct | Common Stock10.65K shares | 1/2/2026 | M · Option Exercise | −10.65K | — | 0.00 |
Non-Derivative Holdings (Post-Transaction)0
No non-derivative holdings reported
Derivative Holdings (Post-Transaction)1
Restricted Stock Units 2021
DirectUnderlying security
Common Stock
Underlying shares
6.65K
Shares owned
6.65K
Exercise price
Expiration
—
Exercise window
—
Total
Underlying
6.65K
Owned
6.65K
| Security | Underlying | Exercise Price | Exercise Window | Expiration | Underlying Shares | Shares Owned |
|---|---|---|---|---|---|---|
| Restricted Stock Units 2021 Direct | Common Stock | — | — | 6.65K | 6.65K | |
| Total | 6.65K | 6.65K | ||||