Alerus Financial Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:5QD Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
15 May 23	Buy€13,245	Alan Villalon	Individual	1,000	€13.25
12 May 23	Buy€25,297	Galen Vetter	Individual	1,980	€12.80
12 May 23	Buy€18,405	Katie Lorenson	Individual	1,438	€12.80
11 May 23	Buy€45,639	Janet Estep	Individual	3,717	€12.31

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 5QD?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	1,129	0.00571%
Employee Share Scheme	911,867	4.61%
Individual Insiders	1,318,099	6.66%
General Public	8,215,930	41.5%
Institutions	9,329,761	47.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 51.98% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.4%	Alerus Financial Corp., Asset Management Arm	2,260,965	€42.8m	0.53%	3.58%
7.43%	BlackRock, Inc.	1,469,566	€27.8m	7.89%	no data
4.61%	Alerus Financial Corp., Employee Stock Ownership Plan	911,867	€17.3m	-20.9%	no data
4.54%	The Vanguard Group, Inc.	898,169	€17.0m	4.29%	no data
4.05%	Randy Newman	801,672	€15.2m	1.8%	no data
2.95%	1st & Main Growth Partners	583,022	€11.0m	0%	1.33%
1.91%	Geode Capital Management, LLC	378,147	€7.2m	2.02%	no data
1.68%	State Street Global Advisors, Inc.	331,563	€6.3m	1.21%	no data
1.67%	Columbia Management Investment Advisers, LLC	330,208	€6.3m	1.2%	no data
1.33%	Brown Advisory Incorporated	262,451	€5.0m	1.67%	0.01%
1.29%	Dimensional Fund Advisors LP	254,175	€4.8m	29.1%	no data
1.09%	Endeavour Capital Advisors Inc.	215,534	€4.1m	9.65%	1.61%
0.93%	Northern Trust Global Investments	183,396	€3.5m	5.21%	no data
0.86%	Nikko Asset Management Co., Ltd.	170,100	€3.2m	0%	no data
0.8%	Cutler Capital Management, LLC	157,480	€3.0m	0.53%	1.64%
0.7%	Charles Schwab Investment Management, Inc.	138,208	€2.6m	0%	no data
0.7%	Bridgeway Capital Management, LLC	137,960	€2.6m	11.7%	0.05%
0.7%	American Century Investment Management Inc	137,463	€2.6m	1.91%	no data
0.63%	Mairs and Power, Inc.	124,294	€2.4m	-12.1%	0.02%
0.6%	BNY Mellon Asset Management	118,189	€2.2m	-3.96%	no data
0.52%	Kevin Lemke	103,570	€2.0m	0%	no data
0.4%	SEI Investments Company	79,617	€1.5m	2,240%	no data
0.4%	Los Angeles Capital Management LLC	78,369	€1.5m	0%	0.01%
0.39%	Ann McConn	77,197	€1.5m	0%	no data
0.39%	Jonathan Hendry	77,131	€1.5m	3.88%	no data