Alan Villalon - 21 Feb 2026 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Role
EVP & Chief Financial Officer
Signature
/s/ Nicholas Brenckman, by power of attorney
Issuer symbol
ALRS
Transactions as of
21 Feb 2026
Net transactions value
$0
Form type
4
Filing time
24 Feb 2026, 16:03:38 UTC
Previous filing
04 Aug 2025
Next filing
02 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Villalon Alan EVP & Chief Financial Officer 401 DEMERS AVENUE, GRAND FORKS /s/ Nicholas Brenckman, by power of attorney 24 Feb 2026 0001909920

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALRS Common Stock Options Exercise +1,915 +18% 12,502 21 Feb 2026 Direct F1, F2
holding ALRS Common Stock 771 21 Feb 2026 By the Alerus Financial Corporation Employee Stock Ownership Program F3

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 -1,915 -100% $0.000000 0 21 Feb 2026 Common Stock 1,915 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 1,915 restricted stock units vesting on February 21, 2026.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.