RSU vesting boosts Alerus Financial Corp (ALRS) COO Karin Taylor stake

Rhea-AI Filing Summary

Alerus Financial Corp executive vice president and COO Karin M. Taylor reported equity award activity rather than open‑market trading. On February 21, 2026, 2,128 restricted stock units granted in 2023 converted into the same number of common shares at $0.00 per share. Footnotes state these units convert to common stock on a one‑for‑one basis.

Following this vesting, on February 23, 2026, 774 common shares were withheld at $25.45 per share to cover tax liability, a non‑market "F" code tax‑withholding disposition. After these transactions, Taylor directly owned 26,110 common shares, including 3,012 shares of restricted stock, and had an additional 2,207.6046 shares held indirectly through the Alerus Employee Stock Ownership Program.

Insider Trade Summary

2,128 shares exercised/converted

Mixed 4 txns

Insider Taylor Karin M

Role EVP and COO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	774	$25.45	$20K
Exercise	Restricted Stock Units	2,128	$0.00	--
Exercise	Common Stock	2,128	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 26,110 shares (Direct); Restricted Stock Units — 0 shares (Direct); Common Stock — 2,207.605 shares (Indirect, By the Alerus Financial Corporation Employee Stock Ownership Program)

Footnotes (1)

1. On February 21, 2023, the reporting person was granted 2,128 restricted stock units vesting on February 21, 2026. Restricted stock units convert into common stock on a one-for-one basis. Includes 3,012 shares of restricted stock. Shares withheld upon vesting of restricted stock units for payment of tax liability. Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.

Form 4 Insider Transactions: What Each Field Means →

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^*

Taylor Karin M

(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 and COO

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

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

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	02/21/2026		M		2,128(1)	A	(2)	26,885(3)	D
Common Stock	02/23/2026		F		774(4)	D	$25.45	26,110	D
Common Stock								2,207.6046(5)	I	By the Alerus Financial Corporation Employee Stock Ownership Program

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
Restricted Stock Units	(2)	02/21/2026		M			2,128	(1)	(1)	Common Stock	2,128	$0	0	D

Explanation of Responses:

1. On February 21, 2023, the reporting person was granted 2,128 restricted stock units vesting on February 21, 2026.

2. Restricted stock units convert into common stock on a one-for-one basis.

3. Includes 3,012 shares of restricted stock.

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

5. Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.

	/s/ Nicholas Brenckman, by power of attorney	02/24/2026
	** 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 insider transactions did ALRS executive Karin Taylor report on this Form 4?

Karin M. Taylor reported vesting of 2,128 restricted stock units into common stock and a related tax‑withholding share disposition of 774 shares. These were equity compensation events, not open‑market purchases or sales, and adjusted her direct and indirect ownership totals in Alerus stock.

Did the ALRS Form 4 show Karin Taylor buying or selling shares on the market?

The Form 4 did not show open‑market buying or selling. It recorded RSU vesting into 2,128 common shares and 774 shares withheld at $25.45 solely to satisfy tax obligations, a standard non‑market transaction classified with code F for tax‑withholding disposition.

How many Alerus (ALRS) shares does Karin Taylor own after these transactions?

After the reported transactions, Karin Taylor directly owned 26,110 common shares, including 3,012 restricted shares, and had 2,207.6046 additional shares held indirectly through the Alerus Employee Stock Ownership Program. These totals reflect the RSU conversion and tax‑withholding share reduction disclosed.

What was the size and price of the ALRS tax‑withholding share disposition?

The tax‑withholding event involved 774 common shares at $25.45 per share. These shares were withheld upon RSU vesting to cover tax liability, rather than sold in the open market, and are reported under transaction code F, which denotes payment of tax obligations using shares.

How did restricted stock units affect Karin Taylor’s ALRS share count?

Restricted stock units granted in 2023 converted into 2,128 common shares on February 21, 2026, at a one‑for‑one basis. This increased Taylor’s direct common stock holdings, partly offset by 774 shares withheld two days later to satisfy associated tax obligations from the vesting event.