Alerus officer plans sale of 597 shares

An ALERUS FINANCIAL CORP officer filed to sell 597 ALRS shares under Rule 144, with an indicated market value of $19,963.

Rhea-AI Filing Summary

ALERUS FINANCIAL CORP (ALRS) received a notice under Rule 144 that officer Kari Koob, through Fidelity Brokerage Services LLC, intends to sell 597 shares of common stock on or about September 14, 2026 on NASDAQ. The filing lists an aggregate market value of $19,963 for the planned sale.

The shares to be sold come from stock awards of 178, 243, and 176 common shares granted as compensation on July 3, 2025, July 1, 2026, and July 3, 2026, respectively. Shares outstanding are reported as 24,903,238, a baseline figure, not the amount being sold.

Key Figures

Shares to be sold: 597 shares Aggregate market value of planned sale: $19,963 Shares outstanding: 24,903,238 shares +4 more

7 metrics

Shares to be sold 597 shares Common stock intended for sale under Rule 144

Aggregate market value of planned sale $19,963 Value for 597 shares of common stock

Shares outstanding 24,903,238 shares Common stock outstanding as referenced in the notice

Stock award 1 178 shares Common stock award dated July 3, 2025 (compensation)

Stock award 2 243 shares Common stock award dated July 1, 2026 (compensation)

Stock award 3 176 shares Common stock award dated July 3, 2026 (compensation)

Planned sale date September 14, 2026 Approximate date of sale under Rule 144

Key Terms

Rule 144, aggregate market value, stock award, compensation

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

aggregate market value financial

"Common Stock | Fidelity Brokerage Services LLC ... 597 | 19963.00 |"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

stock award financial

"Common Stock | 07/03/2025 | Stock Award | Issuer"

compensation financial

"178 | 07/03/2025 | Compensation"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ALRS shares are planned for sale under this Form 144 notice?

The notice states that 597 shares of ALERUS FINANCIAL CORP common stock are intended to be sold. The planned sale is through Fidelity Brokerage Services LLC on NASDAQ on or about September 14, 2026.

What is the aggregate market value of the ALRS shares in this Form 144 filing?

The filing reports an aggregate market value of $19,963 for the 597 ALRS shares intended for sale. This value is listed in the securities information section alongside the planned sale details.

How many ALRS shares are outstanding according to this Form 144?

Shares outstanding are reported as 24,903,238 shares of ALERUS FINANCIAL CORP common stock. This figure is presented as the total shares outstanding and is separate from the 597 shares covered by the planned sale notice.

Who is the person for whose account ALRS shares are being sold in this Form 144?

The person for whose account the securities are to be sold is Kari Koob, identified as an officer of ALERUS FINANCIAL CORP. Fidelity Brokerage Services LLC is listed as the broker handling the planned sale.

What is the source of the ALRS shares to be sold under this Form 144?

The shares to be sold come from stock awards granted as compensation: 178 shares dated July 3, 2025, 243 shares dated July 1, 2026, and 176 shares dated July 3, 2026, all listed as common stock awards by the issuer.

On which exchange will the ALRS shares in this Form 144 be sold?

The notice lists NASDAQ as the securities exchange for the planned sale of 597 ALERUS FINANCIAL CORP common shares. Fidelity Brokerage Services LLC is identified as the broker for these transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 02:03 PM Accepted by SEC EDGAR 09/14/2026 - 02:03 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001989390
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ALERUS FINANCIAL CORP
SEC File Number	001-39036
Address of Issuer	401 DEMERS AVE GRAND FORKS NORTH DAKOTA 58201
Phone	7017953200
Name of Person for Whose Account the Securities are To Be Sold	Koob Kari
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	597	19963.00	24903238	09/14/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	07/03/2025	Stock Award	Issuer			178	07/03/2025	Compensation
Common Stock	07/01/2026	Stock Award	Issuer			243	07/01/2026	Compensation
Common Stock	07/03/2026	Stock Award	Issuer			176	07/03/2026	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/14/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Dylan Troy as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Koob Kari
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)