Jim Collins - Feb 3, 2025 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
EVP, CBO & CRO
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, 06:04 AM
Previous filing
Jan 3, 2025
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 +1.5K +12.74% 13.3K Feb 3, 2025 Direct F1, F2, F3
holding ALRS Common Stock 204 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 -1.5K -40% $0.00 2.25K Feb 3, 2025 Common Stock 1.5K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 31, 2022, the reporting person was granted 3,755 restricted stock units, including 1,502 restricted stock units vesting on February 3, 2025, and 2,253 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 5,168 shares of restricted stock (which number of shares of restricted stock appeared incorrectly on the reporting person's last ownership report).
F4 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.