Villalon Alan Officer Transaction Summary

Alan Villalon, EVP & Chief Financial Officer of ALERUS FINANCIAL CORP, was granted 1,915 restricted stock units on February 21, 2023, which vested on February 21, 2026. These units converted into common stock on a one-for-one basis. On the vesting date, Villalon acquired 1,915 shares of common stock with a transaction price of $0.00. Following this transaction, he owns 12,502 shares of common stock directly. Additionally, the Alerus Financial Corporation Employee Stock Ownership Program holds 770.6404 shares of common stock, allocated since Villalon's last ownership report.