Forrest Wilson - 26 Feb 2026 Form 4 Insider Report for ALERUS FINANCIAL CORP (ALRS)

Reporting relationship: EVP & Chief Ret. Svcs. Officer
Issuer ticker: ALRS
Reported as of: 26 Feb 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Mar 2026, 16:10:07 UTC
Prior SEC filing: 05 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Nicholas Brenckman, by power of attorney

Key filing fact

Forrest Wilson filed Form 4 for ALERUS FINANCIAL CORP (ALRS) on 02 Mar 2026.

Key facts

This page summarizes Forrest Wilson's Form 4 filing for ALERUS FINANCIAL CORP (ALRS).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 02 Mar 2026, 16:10.

Change

Previous filing in this sequence was filed on 05 May 2025.
Current net transaction value: $0.

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 0002012603 Primary reporting owner

Wilson Forrest

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

Reported derivative securities

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

ALRS transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +6,602
Change %
Price: $0.000000
Shares after: 6,602
Date: 26 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,602
Exercise price
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

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

Footnote F2

Includes 2,641 restricted stock units that have time-based vesting components. Includes 3,961 restricted stock units that have performance-based vesting components.

Footnote F3

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.