ALERUS FINANCIAL CORP — Director's Dealing 2021

Mar 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALERUS FINANCIAL CORP (ALRS)
CIK: 0000903419
Period of Report: 2021-02-17

Reporting Person: McConn Ann (Executive VP, and CSS Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-17	Restricted Stock Units	$	A	3637	Acquired		Common Stock (3637)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.

F2: Includes 1,455 restricted stock units that have time-based vesting components. Includes 2,182 restricted stock units that have performance-based vesting components.

F3: The time-based restricted stock units vest on February 17, 2024. The performance-based restricted stock units vest on February 17, 2024, so long as Alerus Financial Corporation meets certain total stockholder return goals.