Alan Villalon - 03 Feb 2025 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
Chief Financial Officer
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
03 Feb 2025
Net transactions value
-$10,084
Form type
4
Filing time
05 Feb 2025, 06:05:32 UTC
Previous filing
30 Jan 2025
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 +1,326 +18% 8,714 03 Feb 2025 Direct F1, F2
transaction ALRS Common Stock Tax liability $10,084 -477 -5.5% $21.14 8,237 03 Feb 2025 Direct F3
holding ALRS Common Stock 237 03 Feb 2025 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 -1,326 -40% $0.000000 1,989 03 Feb 2025 Common Stock 1,326 Direct F1, F2
* 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 3,315 restricted stock units, including 1,326 restricted stock units vesting on February 3, 2025, and 1,989 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 Shares withheld upon vesting of restricted stock for payment of tax liability.
F4 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.