ALERUS FINANCIAL CORP — Director's Dealing 2020

Feb 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALERUS FINANCIAL CORP (ALRS)
CIK: 0000903419
Period of Report: 2020-02-26

Reporting Person: Newman Randy L (Director, Chairman, CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-26	Common Stock	D	3457	$0.00	Disposed	467926	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	168905	Indirect
Common Stock	84206.24	Indirect

Footnotes

F1: Includes 50,937 shares of restricted stock

F2: Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.