Alerus Financial Ownership

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

Recent Insider Transactions

NasdaqCM:ALRS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
01 Nov 24	BuyUS$20,300	Katie Lorenson	Individual		1,000	US$20.30

Insider Buying: ALRS insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.1%.

Top 25 shareholders own 41.55% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.39%	Alerus Financial Corp., Asset Management Arm	2,124,723	US$47.0m	-0.45%	3.37%
6.66%	BlackRock, Inc.	1,687,118	US$37.3m	0.5%	no data
3.74%	The Vanguard Group, Inc.	948,713	US$21.0m	2.22%	no data
3.6%	Alerus Financial Corp., Employee Stock Ownership Plan	911,867	US$20.2m	0%	no data
3.17%	Randy Newman	804,230	US$17.8m	0%	no data
2.15%	1st & Main Growth Partners	543,586	US$12.0m	0%	1.18%
1.64%	Geode Capital Management, LLC	416,072	US$9.2m	3.99%	no data
1.44%	Columbia Management Investment Advisers, LLC	365,215	US$8.1m	2.26%	no data
1.39%	State Street Global Advisors, Inc.	351,775	US$7.8m	1.04%	no data
1.2%	Dimensional Fund Advisors LP	302,942	US$6.7m	10.3%	no data
1.17%	Endeavour Capital Advisors Inc.	297,351	US$6.6m	2.93%	2.08%
1.03%	Stieven Capital Advisors, L.P.	260,748	US$5.8m	0%	0.94%
0.67%	Northern Trust Global Investments	170,470	US$3.8m	-0.82%	no data
0.63%	Cutler Capital Management, LLC	158,972	US$3.5m	0%	1.48%
0.59%	Charles Schwab Investment Management, Inc.	149,280	US$3.3m	3.6%	no data
0.59%	Bridgeway Capital Management, LLC	148,874	US$3.3m	-12.2%	0.05%
0.59%	American Century Investment Management Inc	148,699	US$3.3m	-9.82%	no data
0.43%	BNY Asset Management	109,582	US$2.4m	-11.3%	no data
0.41%	Kevin Lemke	103,570	US$2.3m	0%	no data
0.41%	Zacks Investment Management, Inc.	102,713	US$2.3m	7.2%	0.02%
0.39%	Mairs and Power, Inc.	97,729	US$2.2m	-0.24%	0.02%
0.35%	Keeley-Teton Advisors, LLC	89,821	US$2.0m	0%	0.21%
0.32%	Sippican Capital Advisors LLC	80,525	US$1.8m	4.77%	1.21%
0.3%	Ann McConn	77,197	US$1.7m	0%	no data
0.3%	Jonathan Hendry	77,131	US$1.7m	0%	no data