ALERUS FINANCIAL CORP — Director's Dealing 2023

Feb 2, 2023

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ALERUS FINANCIAL CORP (ALRS)
CIK: 0000903419
Period of Report: 2022-12-31

Reporting Person: ESTEP JANET O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-11	Common Stock	A	1350	$0.00	Acquired	1850	Direct

Footnotes

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

F2: Indicates the total number of shares of common stock owned directly by Ms. Estep as of December 31, 2022.