ALERUS FINANCIAL CORP — Director's Dealing 2024

Feb 8, 2024

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ALERUS FINANCIAL CORP (ALRS)
CIK: 0000903419
Period of Report: 2023-12-31

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-21	Restricted Stock Units	$	A	3495	Acquired		Common Stock (3495)	Direct

Footnotes

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

F2: Includes 1,398 restricted stock units that have time-based vesting components. Includes 2,097 restricted stock units that have performance-based vesting components.

F3: The time-based restricted stock units vest on February 21, 2026. The performance-based restricted stock units vest on February 21, 2026, so long as Alerus Financial Corporation meets certain total stockholder return goals.