Form 4 Filing for Alerus Financial Corp.

Jim Collins, EVP, CBO & CRO of Alerus Financial Corp. (ALRS), reported transactions on February 21, 2026. Collins was granted 2,523 restricted stock units, which convert to common stock on a one-for-one basis, vesting on February 21, 2026. On February 21, 2026, 2,523 restricted stock units were granted, and acquired shares after this transaction were 13,939. On February 23, 2026, 917 shares were disposed of, with a price per share of $25.45, resulting in 13,022 shares remaining. Additionally, 720.7194 shares are held indirectly through the Alerus Financial Corporation Employee Stock Ownership Program.