Form 4: CFO Gary Gerson Acquires GOOD Stock via Family

Gladstone Commercial Corp. CFO Gary Gerson reported an indirect acquisition of 100 common shares through a family member, alongside existing indirect holdings.

Summary

• Gary Gerson, Chief Financial Officer of Gladstone Commercial Corp. (GOOD), reported an insider transaction.
• On November 13, 2025, 100 shares of Common Stock were acquired indirectly by his son at a price of $11.3099 per share.
• This transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trade.
• Following this transaction, Mr. Gerson directly beneficially owns 23,200 shares of Common Stock.
• Mr. Gerson also indirectly beneficially owns 100 shares through his daughter and 752 shares through his spouse, in addition to the 100 shares acquired by his son.
• Mr. Gerson explicitly disclaims beneficial ownership of all shares held indirectly by his son, daughter, and spouse.

Sentiment

Score: 6

Explanation: The acquisition of shares by a key executive, even if indirect and a relatively small amount, generally signals a degree of confidence in the company's prospects. The Rule 10b5-1 plan indicates a pre-arranged, non-discretionary transaction, which is a neutral to slightly positive governance practice.

Positives

• An insider (CFO) acquired shares, which can signal a degree of confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary purchase, which enhances transparency.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Mr. Gerson disclaims beneficial ownership of these 100 shares held by his son and this report shall not be deemed an admission that Mr. Gerson is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
• Mr. Gerson disclaims beneficial ownership of these 100 shares held by his daughter and this report shall not be deemed an admission that Mr. Gerson is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
• Mr. Gerson disclaims beneficial ownership of these 752 shares held by his spouse and this report shall not be deemed an admission that Mr. Gerson is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

Industry Context

This Form 4 filing is specific to an individual insider transaction and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• Indirect acquisition of 100 shares of Common Stock by Mr. Gerson's son on November 13, 2025, at $11.3099 per share.
• Existing indirect beneficial ownership of 100 shares of Common Stock by Mr. Gerson's daughter.
• Existing indirect beneficial ownership of 752 shares of Common Stock by Mr. Gerson's spouse.
• Mr. Gerson explicitly disclaims beneficial ownership of all shares held indirectly by his son, daughter, and spouse.

Stakeholder Impact

• Shareholders may view the insider's indirect purchase as a minor positive signal of management's confidence in the company's future.

Key Dates

Recommendation

While an insider purchase by the CFO can be a positive signal, the reported transaction involves a relatively small number of shares acquired indirectly and is part of a pre-arranged plan. This alone is not sufficient to warrant a change in investment recommendation without further fundamental analysis of the company's financial performance and strategic outlook.

Keywords

Gladstone Commercial Corp, GOOD, Gary Gerson, CFO, Insider Trading, Form 4, Stock Acquisition, Rule 10b5-1, Common Stock