IIPR SEC Filing News — Innovative Industrial Properties, Inc.

Latest SEC filings for Innovative Industrial Properties, Inc. (IIPR) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-10-14.

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.
Sector: Real Estate Industry: REIT - Industrial Market Cap: $1.4B
20
Total Filings
2
Bullish Classifications
1
Bearish Classifications
9
Insider Transactions
10
Material Events (8-K)
1
Periodic Reports
Rule-based classifications for IIPR currently lean bullish. Of the 20 displayed SEC filing records, 2 carry bullish classifications versus 1 bearish classifications. These labels summarize filing attributes; they are not recommendations, probabilities, or evidence of future price direction. There were 9 insider transactions (Form 4) in this period.
IIPR Filing Activity Snapshot 2026-05-22 — 2026-10-14
Insider Transactions (Form 4)
2 buys vs 1 sell
Net insider buying in this period — more purchases than sales reported.
Largest Form 144 Filing
$1.00M
Gold Alan D (Director, EXECUTIVE CHAIRMAN) · 2026-10-13
40,000 shares · Form 4
Insider Transactions 9 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 9 filings in this group are Form 4s for Innovative Industrial Properties, Inc.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 9 insider filings shown, the breakdown is 6 compensation award, 2 open-market purchase and 1 open-market sale. 3 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Compensation award ×6
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Open-market purchase ×2
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Open-market sale ×1
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Form 4 Open-market purchase Insider Buying 2026-10-13

IIPR insider Gold Alan D (Director, EXECUTIVE CHAIRMAN) bought 40,000 shares (~$1.00M)

Gold Alan D, listed as Director, EXECUTIVE CHAIRMAN at INNOVATIVE INDUSTRIAL PROPERTIES INC, reported an open-market purchase of 40,000 IIPR shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 40,000 $25.00 $1.00M
Filing: Form 4 (Insider Transaction) Insider: Gold Alan D (Director, EXECUTIVE CHAIRMAN) Shares: 40,000 Est. Value: $1.00M
Form 4 Open-market sale Insider Selling 2026-09-17

IIPR insider Shoemaker Scott (Director) sold 611 shares (~$34.4K)

Shoemaker Scott, listed as Director at INNOVATIVE INDUSTRIAL PROPERTIES INC, reported an open-market sale of 611 IIPR shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 611 $56.36 $34.4K
Filing: Form 4 (Insider Transaction) Insider: Shoemaker Scott (Director) Shares: 611 Est. Value: $34.4K
Form 4 Open-market purchase Insider Buying 2026-09-01

IIPR insider Ives Bruce Alan (Director) bought 528 shares (~$29.9K)

Ives Bruce Alan, listed as Director at INNOVATIVE INDUSTRIAL PROPERTIES INC, reported an open-market purchase of 528 IIPR shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 528 $56.70 $29.9K
Filing: Form 4 (Insider Transaction) Insider: Ives Bruce Alan (Director) Shares: 528 Est. Value: $29.9K
Form 4 Compensation award Tax / Compensation Filing 2026-06-23

IIPR insider Form 4 filed for equity award, exercise, or tax withholding

Gold Alan D (Director, EXECUTIVE CHAIRMAN) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 2026 33,960 — —
Filing: Form 4 (Insider Transaction) Insider: Gold Alan D (Director, EXECUTIVE CHAIRMAN)
Form 4 Compensation award Tax / Compensation Filing 2026-06-23

IIPR insider Form 4 filed for equity award, exercise, or tax withholding

Smith David Jon (CFO AND TREASURER) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award 9,219 — —
Filing: Form 4 (Insider Transaction) Insider: Smith David Jon (CFO AND TREASURER) Shares: 9,219
Form 4 Compensation award Tax / Compensation Filing 2026-06-23

IIPR insider Form 4 filed for equity award, exercise, or tax withholding

Smithers Paul E. (Director, PRESIDENT, CEO AND DIRECTOR) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award 22,299 — —
Filing: Form 4 (Insider Transaction) Insider: Smithers Paul E. (Director, PRESIDENT, CEO AND DIRECTOR) Shares: 22,299
Form 4 Compensation award Tax / Compensation Filing 2026-06-11

IIPR insider Form 4 filed for equity award, exercise, or tax withholding

Ives Bruce Alan (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award 2,652 — —
Filing: Form 4 (Insider Transaction) Insider: Ives Bruce Alan (Director) Shares: 2,652
Form 4 Compensation award Tax / Compensation Filing 2026-06-10

IIPR insider Form 4 filed for equity award, exercise, or tax withholding

Shoemaker Scott (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 2026 2,652 — —
Filing: Form 4 (Insider Transaction) Insider: Shoemaker Scott (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-06-10

IIPR insider Form 4 filed for equity award, exercise, or tax withholding

Boyle David Gerard (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 2026 2,652 — —
Filing: Form 4 (Insider Transaction) Insider: Boyle David Gerard (Director)
Material Events 10 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There are 10 in this period for Innovative Industrial Properties, Inc. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-10-14

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-10-01

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-09-25

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-09-01

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-08-03

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-07-21

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-06-15

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-06-11

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-06-09

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-05-22

IIPR filed 8-K — material company event

INNOVATIVE INDUSTRIAL PROPERTIES INC filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for Innovative Industrial Properties, Inc.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-08-04

IIPR filed Quarterly Report (10-Q)

INNOVATIVE INDUSTRIAL PROPERTIES INC filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)

How we classify Innovative Industrial Properties, Inc.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on IIPR. Read these alongside the fundamentals rather than in isolation.

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Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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