Missy Keney - 26 Feb 2026 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Reporting relationship: Chief Engagement Officer
Issuer ticker: ALRS
Reported as of: 26 Feb 2026
Net transaction value: -$15,474
SEC form: 4
Accepted by SEC: 02 Mar 2026, 16:08:34 UTC
Prior SEC filing: 24 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Nicholas Brenckman, by power of attorney

Key filing fact

Missy Keney filed Form 4 for ALERUS FINANCIAL CORP (ALRS) on 02 Mar 2026.

Key facts

This page summarizes Missy Keney's Form 4 filing for ALERUS FINANCIAL CORP (ALRS).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 02 Mar 2026, 16:08.

Change

Previous filing in this sequence was filed on 24 Feb 2026.
Current net transaction value: -$15,474.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001941903 Primary reporting owner

Keney Missy

Relationship: Chief Engagement Officer
Address: 401 DEMERS AVENUE, GRAND FORKS
Signature: /s/ Nicholas Brenckman, by power of attorney
Signature date: 02 Mar 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ALRS transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,349
Change %: +28%
Price: $0.000000
Shares after: 10,814
Date: 26 Feb 2026
Ownership: Direct
Footnotes: F1, F2, F3

ALRS transaction

Common Stock

Tax liability

Transaction value: $15,474
Shares: -608
Change %: -5.6%
Price: $25.45
Shares after: 10,206
Date: 26 Feb 2026
Ownership: Direct
Footnotes: F3, F4

ALRS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,566
Date: 26 Feb 2026
Ownership: By spouse

ALRS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,900
Date: 26 Feb 2026
Ownership: By the Alerus Financial Corporation Employee Stock Ownership Program
Footnotes: F5

ALRS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,300
Date: 26 Feb 2026
Ownership: By the Alerus Financial Corporation Employee Stock Ownership Program
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ALRS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,349
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 26 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,349
Exercise price
Footnotes: F1, F2

ALRS transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +5,153
Change %
Price: $0.000000
Shares after: 5,153
Date: 26 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,153
Exercise price
Footnotes: F2, F7, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

On February 21, 2023, the reporting person was granted 2,097 performance-based restricted stock units, vesting upon Alerus Financial Corporation Compensation Committee certification of established total net income goals. The payout could be increased to 150% of target or reduced to 0% based on achievement of the applicable metric. The Alerus Financial Corporation Compensation Committee certified the payout at 112% and the performance-based restricted stock units vested on February 26, 2026.

Footnote F2

Restricted stock units convert into common stock on a one-for-one basis.

Footnote F3

Includes 3,738 shares held jointly with Ms. Keney's spouse.

Footnote F4

Shares withheld upon vesting of restricted stock units for payment of tax liability.

Footnote F5

Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.

Footnote F6

All shares are held by the Alerus Financial Corporation Employee Stock Ownership Plan in the name of Ms. Keney's spouse.

Footnote F7

Includes 2,061 restricted stock units that have time-based vesting components. Includes 3,092 restricted stock units that have performance-based vesting components.

Footnote F8

The time-based restricted stock units vest on February 26, 2029. The performance-based restricted stock units vest upon Alerus Financial Corporation Compensation Committee certification of certain relative cumulative EPS and ROE performance period goals, provided that such certification date occurs no later than March 15, 2029. The payout for performance-based restricted stock units could be increased to 150% of target or reduced to 0% based on achievement of the applicable metrics.