INNOVATIVE INDUSTRIAL PROPERTIES INC 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS (a) ​ During the nine months ended September 30, 2024, we issued 28,408 shares of our common stock upon exchange by holders of $4.3 million of outstanding principal amount of our Exchangeable Senior Notes. Such shares of our common stock were issued in reliance on Section 3(a)(9) of the Securities Act of 1933, as amended. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 39 Table of Contents (c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maximum Number ​ ​ Total Number of ​ ​ ​ ​ Purchased as Part of ​ of Shares that May Yet ​ Shares of Common ​ Average Price Paid Publicly Announced ​ be Purchased Under the Period ​ Stock Purchased ​ per Common Share Plans or Programs ​ Plans or Programs January 1, 2024 - January 31, 2024 ​ ​ 7,442 (1) $ 101.19 (2) ​ — ​ ​ — February 1, 2024 - February 29, 2024 ​ ​ — ​ ​ — ​ ​ — ​ ​ — March 1, 2024 - March 31, 2024 ​ ​ — ​ ​ — ​ ​ — ​ ​ — April 1, 2024 - April 30, 2024 ​ ​ — ​ ​ — ​ ​ — ​ ​ — May 1, 2024 - May 31, 2024 ​ ​ — ​ ​ — ​ ​ — ​ ​ — June 1, 2024 - June 30, 2024 ​ ​ — ​ ​ — ​ ​ — ​ ​ — July 1, 2024 - July 31, 2024 ​ ​ — ​ ​ — ​ ​ — ​ ​ — August 1, 2024 - August 31, 2024 ​ ​ — ​ ​ — ​ ​ — ​ ​ — September 1, 2024 - September 30, 2024 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ 7,442 ​ $ 101.19 ​ ​ — ​ ​ — ​ (1) Represents shares that were forfeited to cover the employees’ tax withholding obligation upon vesting. (2) The value of the common stock withheld was based on the closing price of our common stock on the applicable vesting date. ​ ​ ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ​ ITEM 4. MINE SAFETY DISCLOSURES Not applicable. ​