Missy Keney - 17 Feb 2024 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
Chief Engagement Officer & EVP
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
17 Feb 2024
Net transactions value
$0
Form type
4
Filing time
20 Feb 2024, 16:03:54 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 +224 +3.6% 6,392 17 Feb 2024 Direct F1, F2
holding ALRS Common Stock 4,345 17 Feb 2024 By spouse F3
holding ALRS Common Stock 3,827 17 Feb 2024 By the Alerus Financial Corporation Employee Stock Ownership Plan F4
holding ALRS Common Stock 4,426 17 Feb 2024 By the Alerus Financial Corporation Employee Stock Ownership Plan F5, 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 -224 -100% $0.000000* 0 17 Feb 2024 Common Stock 224 Direct F1, F7
* 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 3,738 shares held jointly with Ms. Keney's spouse.
F3 All 4,345 are shares of restricted stock.
F4 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.
F5 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.
F6 All shares are held by the Alerus Financial Corporation Employee Stock Ownership Plan in the name of Ms. Keney's spouse.
F7 On February 17, 2021, Ms. Keney was granted 224 time-based restricted stock units, vesting on February 17, 2024.