Jim Collins - 21 Feb 2026 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
EVP, CBO & CRO
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
21 Feb 2026
Net transactions value
-$23,338
Form type
4
Filing time
24 Feb 2026, 16:03:12 UTC
Previous filing
13 Jan 2026
Next filing
02 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Collins Jim EVP, CBO & CRO 401 DEMERS AVENUE, GRAND FORKS /s/ Nicholas Brenckman, by power of attorney 24 Feb 2026 0001932201

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALRS Common Stock Options Exercise +2,523 +22% 13,939 21 Feb 2026 Direct F1, F2
transaction ALRS Common Stock Tax liability $23,338 -917 -6.6% $25.45 13,022 23 Feb 2026 Direct F3
holding ALRS Common Stock 721 21 Feb 2026 By the Alerus Financial Corporation Employee Stock Ownership Program 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 -2,523 -100% $0.000000 0 21 Feb 2026 Common Stock 2,523 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 2,523 restricted stock units vesting on February 21, 2026.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Shares withheld upon vesting of restricted stock units for payment of tax liability.
F4 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.