Randy L. Newman - 21 May 2024 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
Director
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
21 May 2024
Transactions value $
$0
Form type
4
Filing time
23 May 2024, 16:36:02 UTC
Previous filing
29 Feb 2024
Next filing
27 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALRS Common stock Award $0 +2.56K +1.24% $0.00 208K 21 May 2024 Direct F1, F2, F3
holding ALRS Common Stock 157K 21 May 2024 By trust F4
holding ALRS Common Stock 340K 21 May 2024 By trust F5
holding ALRS Common Stock 2K 21 May 2024 By spouse
holding ALRS Common Stock 97.6K 21 May 2024 By the Alerus Financial Corporation Employee Stock Ownership Plan F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All shares were acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan.
F2 Includes 2,559 shares of restricted stock.
F3 Includes 1,814 shares held jointly with Mr. Newman's spouse.
F4 156,705 shares of common stock held by the Anita D. Newman Revocable Living Trust under agreement dated August 27, 2015. Mr. Newman's sposue is the trustee of this trust.
F5 339,765 shares held by the Anita D. Newman 2021 GST Trust. Mr. Newman is a beneficiary and a trustee of this trust, and possesses sole voting and investment power with respect to these shares.
F6 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.