Katie A. Lorenson - Feb 3, 2025 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
Chief Executive Officer, Director
Signature
/s/ Nicholas Brenckman, by power of attorney
Stock symbol
ALRS
Transactions as of
Feb 3, 2025
Transactions value $
$0
Form type
4
Date filed
2/5/2025, 06:02 AM
Previous filing
Nov 4, 2024
Next filing
Feb 28, 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 Options Exercise +3.86K +8.67% 48.4K Feb 3, 2025 Direct F1, F2, F3
holding ALRS Common Stock 2K Feb 3, 2025 By the Alerus Financial Corporation Employee Stock Ownership Plan F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALRS Restricted Stock Units Options Exercise $0 -3.86K -40% $0.00 5.79K Feb 3, 2025 Common Stock 3.86K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 2, 2022, the reporting person was granted 9,646 restricted stock units, including 3,858 restricted stock units vesting on February 3, 2025, and 5,788 restricted stock units with performance-based vesting components.
F2 Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
F3 Includes 3,263 shares of restricted stock and 11,626 shares held jointly with Ms. Lorenson's spouse.
F4 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.