{"url_path":"/sec/lando/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-11","source_url":"https://www.sec.gov/Archives/edgar/data/1495240/0001495240-26-000016-index.html","accession_number":"0001495240-26-000016","cik":"0001495240","ticker":"LAND","issuer_name":"GLADSTONE LAND Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1495240/0001495240-26-000016-index.html","primary_entity_key":"0001495240","primary_entity_name":"GLADSTONE LAND Corp"},"word_count":319,"has_tables":true,"body_markdown":"Item 2.Unregistered Sales of Equity Securities and Use of Proceeds\n\nOn July 11, 2025, our Board of Directors approved a share repurchase program authorizing us to repurchase up to $20.0 million of our Series B Preferred Stock and up to $35.0 million of our Series C Preferred Stock under the 2025 Repurchase Program. The Board’s authorization of the 2025 Repurchase Program may be suspended or discontinued at any time, does not obligate us to acquire any particular amount of securities, and expires on July 10, 2026. Under the 2025 Repurchase Program, repurchases are intended to be implemented through open market transactions on U.S. exchanges and/or in privately-negotiated transactions facilitated by a third-party broker acting as agent for us in accordance with applicable securities laws. Any repurchases will be made during applicable trading window periods or pursuant to applicable Rule 10b5-1 trading plans.\n\nThe following table provides information with respect to our purchases of our Series B Preferred Stock during the three months ended March 31, 2026:\n\nPeriodTotal Number of Shares Purchased\nAverage Price Paid per Share(1)\nTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramMaximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs\n\nJanuary 2026—$— —$20,000,000 \n\nFebruary 2026—— —20,000,000 \n\nMarch 202639,12220.07 39,12219,214,891 \n\nTotal39,122$20.07 39,122$19,214,891 \n\n(1)Excludes commissions and transaction costs.\n\nThe following table provides information with respect to our purchases of our Series C Preferred Stock during the three months ended March 31, 2026:\n\nPeriodTotal Number of Shares Purchased\nAverage Price Paid per Share(1)\nTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramMaximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs\n\nJanuary 2026—$— —$35,000,000 \n\nFebruary 2026—— —35,000,000 \n\nMarch 202684,77519.85 84,77533,317,336 \n\nTotal84,775$19.85 84,775$33,317,336 \n\n(1)Excludes commissions and transaction costs.\n\nSee Note 10, “Equity—Repurchase Program,” within the accompanying notes to our condensed consolidated financial statements for additional information regarding our 2025 Repurchase Program."}