Missy Keney - 21 Feb 2026 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
21 Feb 2026
Net transactions value
-$30,922
Form type
4
Filing time
24 Feb 2026, 16:02:16 UTC
Previous filing
28 Feb 2025
Next filing
02 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Keney Missy Chief Engagement Officer 401 DEMERS AVENUE, GRAND FORKS /s/ Nicholas Brenckman, by power of attorney 24 Feb 2026 0001941903

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALRS Common Stock Options Exercise +1,398 +19% 8,901 21 Feb 2026 Direct F1, F2, F3
transaction ALRS Common Stock Tax liability $11,096 -436 -4.9% $25.45 8,465 23 Feb 2026 Direct F3, F4
transaction ALRS Common Stock Tax liability $19,826 -779 -18% $25.45 3,566 23 Feb 2026 By spouse F5
holding ALRS Common Stock 4,895 21 Feb 2026 By the Alerus Financial Corporation Employee Stock Ownership Program F6
holding ALRS Common Stock 5,297 21 Feb 2026 By the Alerus Financial Corporation Employee Stock Ownership Program 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 -1,398 -100% $0.000000 0 21 Feb 2026 Common Stock 1,398 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 21, 2023, the reporting person was granted 1,398 restricted stock units vesting on February 21, 2026.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Includes 3,738 shares held jointly with Ms. Keney's spouse.
F4 Shares withheld upon vesting of restricted stock units for payment of tax liability.
F5 Shares withheld upon vesting of restricted stock for payment of tax liability
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.