Form 4 Filing by Bolton Jeffrey for ALERUS FINANCIAL CORP

On May 27, 2026, Bolton Jeffrey, a director at ALERUS FINANCIAL CORP, acquired 1,000 shares of Common Stock through a purchase transaction (Code P) at a price of $28.715 per share. This transaction, marked with code A for acquisition, resulted in a post-transaction share ownership of 14,163 shares. The filing indicates that the acquired shares include 1,000 shares held jointly with Mr. Bolton's spouse. The total shares owned after the transaction include 1,772 shares of restricted stock and 3,567 shares held jointly with Mr. Bolton's spouse. The filing was signed by Nicholas Brenckman on May 29, 2026, under a power of attorney.