Karin M. Taylor - 03 Feb 2025 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
EVP and COO
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
03 Feb 2025
Net transactions value
-$10,655
Form type
4
Filing time
05 Feb 2025, 06:07:15 UTC
Previous filing
29 Feb 2024
Next filing
28 Feb 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 +1,326 +5.6% 25,186 03 Feb 2025 Direct F1, F2, F3
transaction ALRS Common Stock Options Exercise +74 +0.29% 25,260 03 Feb 2025 Direct F2, F3, F4
transaction ALRS Common Stock Tax liability $10,655 -504 -2% $21.14 24,756 03 Feb 2025 Direct F3, F5
holding ALRS Common Stock 1,587 03 Feb 2025 By the Alerus Financial Corporation Employee Stock Ownership Plan F6

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 -1,326 -40% $0.000000 1,989 03 Feb 2025 Common Stock 1,326 Direct F1, F2
transaction ALRS Restricted Stock Units Options Exercise $0 -74 -40% $0.000000 110 03 Jul 2025 Common Stock 74 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 3, 2022, the reporting person was granted 3,315 restricted stock units, including 1,326 restricted stock units vesting on February 3, 2025, and 1,989 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 3,012 shares of restricted stock.
F4 On July 3, 2022, the reporting person was granted 184 restricted stock units, including 74 restricted stock units vesting on February 3, 2025, and 110 restricted stock units with performance-based vesting components.
F5 Shares withheld upon vesting of restricted stock for payment of tax liability.
F6 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.