X0306 4 2019-01-01 0 0001677576 INNOVATIVE INDUSTRIAL PROPERTIES INC IIPR 0001298786 Gold Alan D C/O INNOVATIVE INDUSTRIAL PROPERTIES 11440 WEST BERNARDO COURT, SUITE 220 SAN DIEGO CA 92127 1 1 0 0 Executive Chairman Common Stock 2019-01-01 4 F 0 12412 45.39 D 301455 D Common Stock 33750 I By Children's Trust No. 1 Common Stock 33750 I By Children's Trust No. 2 An irrevocable trust of which a family member of the reporting person is a trustee and of which one of the reporting person's adult children is the sole beneficiary. Represents payment of tax liability by the forfeiture of shares of common stock to the company incident to the vesting of the reporting person's restricted stock. /s/ Brian J. Wolfe, Attorney-in-Fact 2019-01-02