Forrest Wilson - May 1, 2025 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role: EVP & Chief Ret. Svcs. Officer
Signature: /s/ Nicholas Brenckman, by power of attorney
Stock symbol: ALRS
Transactions as of: May 1, 2025
Transactions value $: $99,650
Form type: 4
Date filed: 5/5/2025, 11:58 AM
Previous filing: Feb 28, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wilson Forrest	EVP & Chief Ret. Svcs. Officer	401 DEMERS AVENUE, GRAND FORKS	/s/ Nicholas Brenckman, by power of attorney	2025-05-05	0002012603

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALRS	Common Stock	Purchase	$99.7K	+5K	+54.32%	$19.93	14.2K	May 1, 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price. The shares were purchased at prices ranging from $19.68 to $20.14, inclusive, per share. The reporting person undertakes to provide Alerus Financial Corporation, any security holder of Alerus Financial Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2	Includes 9,204 shares of restricted stock.

Content

The price reported is a weighted average price. The shares were purchased at prices ranging from $19.68 to $20.14, inclusive, per share. The reporting person undertakes to provide Alerus Financial Corporation, any security holder of Alerus Financial Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Includes 9,204 shares of restricted stock.