David Gladstone Updates 2.5M Share Stake in Gladstone Land Corp

TL;DR

**Insider David Gladstone still holds over 2.5M shares in GLAD, showing strong conviction.**

AI Summary

David Gladstone, a key figure at Gladstone Land Corporation, has updated his beneficial ownership in the company. As of December 31, 2023, he beneficially owns a total of 2,513,985 shares of Common Stock, which includes 2,298,585 shares with sole voting and dispositive power, and 215,400 shares with shared voting and dispositive power. This filing, an Amendment No. 10 to Schedule 13G, indicates a significant, ongoing stake by an insider, which can signal confidence in the company's future to investors.

Why It Matters

This filing shows that a significant insider, David Gladstone, maintains a substantial ownership stake in Gladstone Land Corporation, which can be a positive signal of his continued belief in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing is an update on an existing insider's ownership, not a new or unexpected event, indicating low risk.

Analyst Insight

A smart investor would view David Gladstone's continued substantial ownership as a positive indicator of insider confidence, potentially reinforcing a 'buy and hold' strategy for Gladstone Land Corporation stock.

Key Numbers

• 2,513,985 — Aggregate shares beneficially owned (Total shares David Gladstone owns in Gladstone Land Corporation as of December 31, 2023)
• 2,298,585 — Shares with sole voting/dispositive power (Number of shares David Gladstone controls independently)
• 215,400 — Shares with shared voting/dispositive power (Number of shares David Gladstone controls jointly with others)

Key Players & Entities

• David Gladstone (person) — Reporting person and key figure at Gladstone Land Corporation
• Gladstone Land Corporation (company) — The issuer of the securities
• $0.001 (dollar_amount) — Par value per share of Common Stock
• December 31, 2023 (date) — Date of event requiring the filing

Forward-Looking Statements

• David Gladstone will maintain a significant ownership stake in Gladstone Land Corporation throughout 2024. (David Gladstone) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — tion (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class o

Filing Documents

• d658988dsc13ga.htm (SC 13G/A) — 42KB
• 0001193125-24-008271.txt ( ) — 43KB

From the Filing

SC 13G/A 1 d658988dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 10)* Gladstone Land Corporation (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of Securities) 376549101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 376549101 1. Names of reporting persons David Gladstone 2. Check the appropriate box if a member of a group (see instructions) (a) (b) 3. SEC use only 4. Citizenship or place of organization United Number of shares beneficially owned by each reporting person with 5. Sole voting power 2,298,585 6. Shared voting power 215,400 7. Sole dispositive power 2,298,585 8. Shared dispositive power 215,400 9. Aggregate amount beneficially owned by each reporting person 2,513,985 10. Check if the aggregate amount in Row (9) excludes certain shares (see instructions) 11. Percent of class represented by amount in Row (9) 7.01%* 12. Type of reporting person (see instructions) IN * This percentage is calculated based upon 35,838,442 shares of the Issuers common stock currently issued and outstanding. Item 1. (a) Name of Issuer Gladstone Land Corporation (b) Address of Issuers Principal Executive Offices 1521 Westbranch Drive, Suite 100 McLean, VA 22102 Item 2. (a) Name of Person Filing David Gladstone (b) Address of Principal Business Office or, if None, Residence 1521 Westbranch Drive, Suite 100 McLean, VA 22102 (c) Citizenship United States (d) Title of Class of Securities Common Stock, $0.001 par value per share (e) CUSIP Number 376549101 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). Not Applicable. Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,513,985 (b) Percent of class: 7.01%* (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 2,298,585 (ii) Shared power to vote or to direct the vote 215,400 (iii) Sole power to dispose or to direct the disposition of 2,298,585 (iv) Shared power to dispose or to direct the disposition of 215,400 * This percentage is calculated based upon 35,838,442 shares of the Issuers common stock currently issued and outstanding. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following Item 6. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification Not Applicable SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the inf

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