Karin M. Taylor - 17 Feb 2024 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
EVP and Chief Risk Officer
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
17 Feb 2024
Net transactions value
-$9,670
Form type
4
Filing time
20 Feb 2024, 16:03:35 UTC
Previous filing
08 Feb 2024
Next filing
29 Feb 2024
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 +1,176 +5.5% 22,586 17 Feb 2024 Direct F1, F2
transaction ALRS Common Stock Tax liability $9,670 -423 -1.9% $22.86 22,163 17 Feb 2024 Direct F3
holding ALRS Common Stock 1,251 17 Feb 2024 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 -1,176 -100% $0.000000* 0 17 Feb 2024 Common Stock 1,176 Direct F1, F5
* 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 6,024 shares of restricted stock.
F3 Shares withheld upon vesting of restricted stock units for payment of tax liability.
F4 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.
F5 On February 17, 2021, Ms. Taylor was granted 1,176 time-based restricted stock units, vesting on February 17, 2024.