ALERUS FINANCIAL CORP — Director's Dealing 2021

May 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALERUS FINANCIAL CORP (ALRS)
CIK: 0000903419
Period of Report: 2021-05-12

Reporting Person: Vetter Galen G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-12	Common Stock	A	1215	$0.00	Acquired	39412	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	438	Indirect
Common Stock	1562	Indirect

Footnotes

F1: All 1,215 shares were acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan.

F2: Shares held by Mr. Vetter's spouse.

F3: Vetter Community Resource, LLC is an entity that is 50% owned by Mr. Vetter and 50% owned by his spouse.