ALERUS FINANCIAL CORP — Director's Dealing 2022

Aug 15, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ALERUS FINANCIAL CORP (ALRS)
CIK: 0000903419
Period of Report: 2022-07-20

Reporting Person: Keney Missy (Chief Engagement Officer & EVP)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4852	Direct
Common Stock	5000	Indirect
Common Stock	3089.9822	Indirect
Common Stock	3711.4206	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (2786)		Direct

Footnotes

F1: Includes 3,150 shares held jointly with Ms. Keney's spouse.

F2: All 5,000 shares are shares of restricted stock.

F3: All 3,711.4206 shares are held by the Alerus Financial Corporation Employee Stock Ownership Plan in the name of Ms. Keney's spouse.

F4: Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.

F5: 607 of the time-based restricted stock units vest on February 3, 2025 and 224 of the time-based restricted stock units vest on February 17, 2024. 910 of the performance-based restricted stock units vest on February 3, 2025, 336 vest on February 17, 2024 and 709 vest on February 19, 2023, so long as Alerus Financial Corporation meets certain total stockholder return goals.

F6: Includes 831 restricted stock units that have time-based vesting components. Includes 1,955 restricted stock units that have performance-based vesting components.