Alerus Financial Corp (ALRS) EVP corrects Form 4 share withholding

Rhea-AI Filing Summary

Alerus Financial Corp executive files amended Form 4 to correct prior tax withholding entry. The company’s EVP, CBO & CRO reported that on 12/31/2025, 1,878 shares of Alerus common stock were withheld to cover taxes upon the vesting of restricted stock, at a price of $22.32 per share. After this withholding, the executive beneficially owns 11,416 shares directly. The amendment clarifies that the original filing had incorrectly reported 1,582 shares withheld; the correct figure is 1,878 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Collins Jim

(Last) (First) (Middle)

401 DEMERS AVENUE

(Street)

GRAND FORKS ND 58201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALERUS FINANCIAL CORP [ ALRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CBO & CRO

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
01/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/31/2025		F		1,878(1)	D	$22.32	11,416(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld upon vesting of restricted stock for payment of tax liability.

2. The Form 4, as originally filed, incorrectly reported 1,582 shares withheld upon the vesting of restricted stock for the payment of tax liabilities. The total number of shares actually withheld was 1,878.

	/s/ Nicholas Brenckman, by power of attorney	01/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the amended Form 4 for ALRS report?

The amended Form 4 reports that an Alerus Financial Corp executive had 1,878 shares of common stock withheld on 12/31/2025 to pay taxes due on vesting restricted stock, correcting a previously reported lower amount.

Who filed the amended Form 4 for Alerus Financial Corp (ALRS)?

The filer is an officer of Alerus Financial Corp, serving as EVP, CBO & CRO, and the filing is made for one reporting person.

How many ALRS shares were withheld for taxes in this transaction?

The filing states that 1,878 shares of Alerus common stock were withheld upon vesting of restricted stock to satisfy the tax liability, at a price of $22.32 per share.

How many ALRS shares does the executive own after the reported transaction?

Following the tax withholding transaction, the executive beneficially owns 11,416 shares of Alerus Financial Corp common stock in direct ownership form.

What was corrected by this Alerus Financial Corp Form 4 amendment?

The amendment explains that the original filing incorrectly reported 1,582 shares withheld for tax liabilities. The correct number of withheld shares is 1,878, and this correction is the reason for the amended Form 4.

Does this ALRS Form 4/A involve a purchase or sale on the open market?

No. The transaction code is F, which in this context reflects shares withheld by the issuer to cover tax obligations upon vesting of restricted stock, rather than an open-market trade.