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 person’s 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.

Names of reporting persons

David Gladstone

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

SEC use only

Citizenship or place of organization

United States    

Number of

shares

beneficially

owned by

each

reporting

person

with

Sole voting power

1,988,585    

Shared voting power

215,400    

Sole dispositive power

1,988,585    

Shared dispositive power

215,400    

Aggregate amount beneficially owned by each reporting person

2,203,985    

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

☐    

Percent of class represented by amount in Row (9)

12.4%*    

Type of reporting person (see instructions)

IN    

This percentage is calculated based upon 17,791,340 shares of the Issuer’s common stock currently issued and outstanding.

Item 1.

(a)

Name of Issuer

Gladstone Land Corporation

(b)

Address of Issuer’s 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)

☐

(j)

☐

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Not Applicable.

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:

2,203,985

(b)

Percent of class:

12.4%*

(c)

Number of shares as to which the person has:

Sole power to vote or to direct the vote

1,988,585

(ii)

Shared power to vote or to direct the vote

215,400

(iii)

Sole power to dispose or to direct the disposition of

1,988,585

(iv)

Shared power to dispose or to direct the disposition of

215,400

*

Ownership of Five Percent or Less of a Class

Ownership of More than Five Percent on Behalf of Another Person

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Identification and Classification of Members of the Group

Notice of Dissolution of Group

Certification