SEC Form 4 · accession 0001437749-26-021990
ALERUS FINANCIAL CORP · ALRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kari Koob
Officer — SVP, Controller
Period of report
Feb 26, 2026
Accepted (ET)
Jun 29, 2026 · 4:09 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000903419
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1,F3 | — | Feb 26, 2026 | A | 1,298 | A | — | — | Common Stock | 1,298 | 1,298 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock.
- F2Includes 519 restricted stock units that have time-based vesting components. Includes 779 restricted stock units that have performance-based vesting components.
- F3The time-based restricted stock units vest on February 26, 2029. The performance-based restricted stock units vest upon Alerus Financial Corporation Compensation Committee certification of certain relative cumulative EPS and ROE performance period goals, provided that such certification date occurs no later than March 15, 2029. The payout for performance-based restricted stock units could be increased to 150% of target or reduced to 0% based on achievement of the applicable metrics.