Missy Keney - 03 Feb 2025 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
Chief Engagement Officer
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
03 Feb 2025
Net transactions value
$0
Form type
4
Filing time
05 Feb 2025, 06:01:23 UTC
Previous filing
29 Feb 2024
Next filing
28 Feb 2025
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 +246 +3.6% 7,142 03 Feb 2025 Direct F1, F2, F3
transaction ALRS Common Stock Options Exercise +361 +5.1% 7,503 03 Feb 2025 Direct F2, F3, F4
holding ALRS Common Stock 4,345 03 Feb 2025 By spouse F5
holding ALRS Common Stock 4,188 03 Feb 2025 By the Alerus Financial Corporation Employee Stock Ownership Plan F6
holding ALRS Common Stock 4,770 03 Feb 2025 By the Alerus Financial Corporation Employee Stock Ownership Plan F7

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 -246 -40% $0.000000 368 03 Feb 2025 Common Stock 246 Direct F1, F2
transaction ALRS Restricted Stock Units Options Exercise $0 -361 -40% $0.000000 542 03 Feb 2025 Common Stock 361 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 3, 2022, the reporting person was granted 614 restricted stock units, including 246 restricted stock units vesting on February 3, 2025, and 368 restricted stock units with performance-based vesting components.
F2 Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
F3 Includes 3,738 shares held jointly with Ms. Keney's spouse.
F4 On July 3, 2022, the reporting person was granted 903 restricted stock units, including 361 restricted stock units vesting on February 3, 2025, and 542 restricted stock units with performance-based vesting components.
F5 Includes 2,500 shares of restricted stock.
F6 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.
F7 All shares are held by the Alerus Financial Corporation Employee Stock Ownership Plan in the name of Ms. Keney's spouse.