Jon Hendry - Feb 17, 2024 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
Chief Technology Officer & EVP
Signature
/s/ Nicholas Brenckman, by power of attorney
Stock symbol
ALRS
Transactions as of
Feb 17, 2024
Transactions value $
-$7,361
Form type
4
Date filed
2/20/2024, 04:02 PM
Previous filing
Feb 8, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALRS Common stock Options Exercise +1.02K +2.03% 51.2K Feb 17, 2024 Direct F1, F2
transaction ALRS Common Stock Tax liability -$7.36K -322 -0.63% $22.86 50.9K Feb 17, 2024 Direct F3
holding ALRS Common Stock 3K Feb 17, 2024 By spouse
holding ALRS Common Stock 21.7K Feb 17, 2024 By the Alerus Financial Corporation Employee Stock Ownership Plan

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 -1.02K -100% $0.00* 0 Feb 17, 2024 Common Stock 1.02K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Includes 46,398 shares held jointly with Mr. Hendry's spouse.
F3 Shares withheld upon vesting of restricted stock units for payment of tax liability.
F4 On February 17, 2021, Mr. Hendry was granted 1,021 time-based restricted stock units, vesting on February 17, 2024.