ALERUS FINANCIAL CORP — Director's Dealing 2021

Mar 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALERUS FINANCIAL CORP (ALRS)
CIK: 0000903419
Period of Report: 2021-02-26

Reporting Person: McConn Ann (EVP and Chief Shared Ser Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-26	Common Stock	G	2000	$0.00	Disposed	50625	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10226.7016	Indirect

Footnotes

F1: Includes 20,142 shares of restricted stock. Includes 27,350 shares held jointly with Ms. McConn's spouse. The total number of shares owned by Ms. McConn includes 8 shares that were erroneously reported on February 18, 2021 as being disposed of for the payment of tax liabilities.

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