X0508 4 2025-05-22 0000903419 ALERUS FINANCIAL CORP ALRS 0001786850 Newman Randy L 401 DEMERS AVENUE GRAND FORKS ND 58201 1 0 Common Stock 2025-05-22 4 A 0 2354 0 A 308114 D Common Stock 156705 I By trust Common Stock 339765 I By trust Common Stock 2000 I By spouse All shares were acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan. Includes 2,354 shares of restricted stock. Includes 1,814 shares held jointly with Mr. Newman's spouse. Includes 97,629 shares previously owned indirectly by the Alerus Financial Corporation Employee Stock Ownership Plan. 156,705 shares of common stock held by Anita D. Newman Revocable Living Trust under agreement dated August 27, 2015. Mr. Newman's spouse is the trustee of this trust. 339,765 shares of common stock held by the Anita D. Newman 2021 GST Trust. Mr. Newman is a beneficiary and a trustee of this trust, and possesses sole voting and investment power with respect to these shares. /s/ Nicholas Brenckman, by power of attorney 2025-05-27