X0508 4 2025-02-26 0000903419 ALERUS FINANCIAL CORP ALRS 0002012603 Wilson Forrest 401 DEMERS AVENUE GRAND FORKS ND 58201 1 EVP & Chief Ret. Svcs. Officer 0 Restricted Stock Units 2025-02-26 4 A 0 7558 0 A Common Stock 7558 7558 D Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock. Includes 3,023 restricted stock units that have time-based vesting components. Includes 4,535 restricted stock units that have performance-based vesting components. The time-based restricted stock units vest on February 26, 2028. The performance-based restricted stock units vest no later than March 15, 2028, so long as Alerus Financial Corporation meets certain cumulative EPS and ROE goals. 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. /s/ Nicholas Brenckman, by power of attorney 2025-02-28