Gladstone Land reclassifies 1.185M Series D preferred shares into common stock

GLADSTONE LAND Corp

Filed Articles Supplementary reclassifying 1,185,000 shares of 5.00% Series D Cumulative Term Preferred Stock as additional common shares.
Total authorized shares unchanged; common authorized rises to 52,017,888 shares.
Series D preferred series eliminated from authorized capital; Series B, C, and E remain unchanged.
No impact on outstanding shares or financial statements; procedural capital structure adjustment.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GLADSTONE LAND Corp: Reclassified 1,185,000 shares of authorized but unissued 5.00% Series D Cumulative Term Preferred Stock as additional shares of Common Stock via Articles Supplementary (effective 2026-03-12).

Change: charter amendment
Effective: 2026-03-12

Exact text from the filing

On March 12, 2026, Gladstone Land Corporation, a Maryland corporation (the “Company”) filed Articles Supplementary (the “Reclassification Articles Supplementary”) with the State Department of Assessments and Taxation of Maryland, pursuant to which the Company’s Board of Directors reclassified and designated 1,185,000 shares of authorized but unissued 5.00% Series D Cumulative Term Preferred Stock as additional shares of Common Stock.

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Source: SEC EDGAR

accession 0001193125-26-106109

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