Jon Hendry - 02 Jan 2025 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
Chief Technology Officer & EVP
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
02 Jan 2025
Net transactions value
-$27,830
Form type
4
Filing time
06 Jan 2025, 16:01:45 UTC
Previous 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 +1,035 +2% 53,695 02 Jan 2025 Direct F1, F2, F3
transaction ALRS Common Stock Options Exercise +63 +0.12% 53,758 02 Jan 2025 Direct F2, F3, F4
transaction ALRS Common Stock Options Exercise +1,672 +3.1% 55,430 02 Jan 2025 Direct F2, F3, F5
transaction ALRS Common Stock Options Exercise +1,891 +3.4% 57,321 02 Jan 2025 Direct F2, F3, F6
transaction ALRS Common Stock Tax liability $27,830 -1,454 -2.5% $19.14 55,867 02 Jan 2025 Direct F3, F7
holding ALRS Common Stock 3,000 02 Jan 2025 By spouse
holding ALRS Common Stock 21,952 02 Jan 2025 By the Alerus Financial Corporation Employee Stock Ownership Plan F8

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 -1,035 -100% $0.000000 0 02 Jan 2025 Common Stock 1,035 Direct F1, F2
transaction ALRS Restricted Stock Units Options Exercise $0 -63 -100% $0.000000 0 02 Jan 2025 Common Stock 63 Direct F2, F4
transaction ALRS Restricted Stock Units Options Exercise $0 -1,672 -100% $0.000000 0 02 Jan 2025 Common Stock 1,672 Direct F2, F5
transaction ALRS Restricted Stock Units Options Exercise $0 -1,891 -100% $0.000000 0 02 Jan 2025 Common Stock 1,891 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jon Hendry is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On February 3, 2022, Mr. Hendry was granted 1,035 time-based restricted stock units, the vesting of which was accelerated on January 2, 2024 by Mr. Hendry's retirement.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Includes 46,398 shares held jointly with Mr. Hendry's spouse.
F4 On July 1, 2022, Mr. Hendry was granted 63 time-based restricted stock units, the vesting of which was accelerated on January 2, 2024 by Mr. Hendry's retirement.
F5 On February 21, 2023, Mr. Hendry was granted 1,672 time-based restricted stock units, the vesting of which was accelerated on January 2, 2024 by Mr. Hendry's retirement
F6 On February 27, 2024, Mr. Hendry was granted 1,891time-based restricted stock units, the vesting of which was accelerated on January 2, 2024 by Mr. Hendry's retirement.
F7 Shares withheld upon vesting of restricted stock units for payment of tax liability.
F8 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.