Alerus Financial Ownership

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

Recent Insider Transactions

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

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

Top 25 shareholders own 52.18% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.8%	Alerus Financial Corp., Asset Management Arm	2,134,233	US$45.4m	-5.46%	3.36%
8.49%	BlackRock, Inc.	1,678,767	US$35.7m	17.5%	no data
4.69%	The Vanguard Group, Inc.	928,066	US$19.7m	1.78%	no data
4.61%	Alerus Financial Corp., Employee Stock Ownership Plan	911,867	US$19.4m	0%	no data
4.07%	Randy Newman	804,230	US$17.1m	0.32%	no data
2.75%	1st & Main Growth Partners	543,586	US$11.6m	0%	1.24%
2.02%	Geode Capital Management, LLC	400,106	US$8.5m	3.41%	no data
1.81%	Columbia Management Investment Advisers, LLC	357,157	US$7.6m	1.98%	no data
1.76%	State Street Global Advisors, Inc.	348,152	US$7.4m	0.22%	no data
1.46%	Endeavour Capital Advisors Inc.	288,876	US$6.1m	34%	2.32%
1.39%	Dimensional Fund Advisors LP	274,615	US$5.8m	2.73%	no data
0.87%	Northern Trust Global Investments	171,880	US$3.7m	-3.22%	no data
0.86%	Bridgeway Capital Management, LLC	169,518	US$3.6m	3.75%	0.06%
0.83%	American Century Investment Management Inc	164,895	US$3.5m	-12.6%	no data
0.8%	Cutler Capital Management, LLC	158,972	US$3.4m	0.49%	1.56%
0.73%	Charles Schwab Investment Management, Inc.	144,096	US$3.1m	1.8%	no data
0.62%	BNY Asset Management	123,512	US$2.6m	4.5%	no data
0.52%	Kevin Lemke	103,570	US$2.2m	0%	no data
0.5%	Citadel Advisors LLC	98,354	US$2.1m	0%	no data
0.5%	Mairs and Power, Inc.	97,964	US$2.1m	-21.2%	0.02%
0.48%	Zacks Investment Management, Inc.	95,810	US$2.0m	15.8%	0.02%
0.45%	Keeley-Teton Advisors, LLC	89,821	US$1.9m	0%	0.24%
0.39%	Ann McConn	77,197	US$1.6m	0%	no data
0.39%	Jonathan Hendry	77,131	US$1.6m	0%	no data
0.39%	Sippican Capital Advisors LLC	76,860	US$1.6m	14.1%	1.26%