Alerus director granted 1,772 ALRS shares

Alerus Financial Corp director John Uribe reported an acquisition of company stock as part of his annual board compensation.

Rhea-AI Filing Summary

Alerus Financial Corp director John Uribe reported an acquisition of company stock as part of his annual board compensation. He received 1,772 shares of Common Stock on May 22, 2026 in a grant or award transaction at a stated price of $0.00 per share.

After this award, Uribe directly holds 7,352 shares of Alerus Financial Corp common stock. The filing notes that his holdings now include 1,772 shares of restricted stock issued under the Alerus Financial Corporation 2019 Equity Incentive Plan.

Insider Trade Summary

Grant/Award: 1,772 shares

Grant/Award 1 txn

Insider Uribe John

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,772	$0.00	$0.00

Holdings After Transaction: Common Stock — 7,352 shares (Direct)

Footnotes (2)

1. F1. All shares were acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan.
2. F2. Includes 1,772 shares of restricted stock.

Key Figures

Shares granted: 1,772 shares Grant price: $0.00 per share Shares owned after: 7,352 shares +1 more

4 metrics

Shares granted 1,772 shares Annual director award of common stock

Grant price $0.00 per share Stated transaction price for award

Shares owned after 7,352 shares Total direct common stock holdings after grant

Restricted stock included 1,772 shares Portion of holdings identified as restricted stock

Key Terms

restricted stock, annual director award, 2019 Equity Incentive Plan, Grant, award, or other acquisition

4 terms

restricted stock financial

"Includes 1,772 shares of restricted stock."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

annual director award financial

"All shares were acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan."

2019 Equity Incentive Plan financial

"issued under the Alerus Financial Corporation 2019 Equity Incentive Plan."

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

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

What insider transaction did ALRS director John Uribe report on this Form 4?

Director John Uribe reported receiving 1,772 shares of Alerus Financial Corp common stock as an annual director award. The grant was made at a stated price of $0.00 per share under the company’s 2019 Equity Incentive Plan.

How many ALRS shares does John Uribe hold after this reported award?

After the award, John Uribe directly holds 7,352 shares of Alerus Financial Corp common stock. This total includes 1,772 shares of restricted stock granted as part of his annual director compensation under the 2019 Equity Incentive Plan.

Was John Uribe’s ALRS transaction an open-market purchase or a compensation grant?

The transaction was a compensation grant, not an open-market purchase. The Form 4 uses code “A” and notes all 1,772 shares were acquired as an annual director award under the Alerus Financial Corporation 2019 Equity Incentive Plan.

What type of ALRS shares did John Uribe receive in this Form 4 filing?

John Uribe received 1,772 shares of Alerus Financial Corp common stock, identified as restricted stock. The footnotes state his reported holdings now include these 1,772 restricted shares granted under the company’s 2019 Equity Incentive Plan.

Does the ALRS Form 4 indicate any share sales by John Uribe?

The Form 4 does not indicate any share sales by John Uribe. It reports a single acquisition transaction of 1,772 shares coded as a grant or award, increasing his direct ownership to a total of 7,352 common shares.

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

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Accepted by SEC EDGAR 05/27/2026 - 04:15 PM EDT Learn about SEC filing dates

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^*

Uribe John

(Last) (First) (Middle)

401 DEMERS AVENUE

(Street)

GRAND FORKS NORTH DAKOTA 58201

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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

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

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

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	05/22/2026		A		1,772(1)(2)	A	$0	7,352(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. All shares were acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan.

2. Includes 1,772 shares of restricted stock.

	/s/ Nicholas Brenckman, by power of attorney	05/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)