X0609 4 2026-02-26 0000903419 ALERUS FINANCIAL CORP ALRS 0001989390 Koob Kari false 401 DEMERS AVENUE GRAND FORKS ND 58201 1 SVP, Controller 0 Restricted Stock Units 2026-02-26 4 A 0 1298 0 A Common Stock 1298 1298 D Each restricted stock unit represents a contingent right to receive one share of Alerus Financial Corporation common stock. Includes 519 restricted stock units that have time-based vesting components. Includes 779 restricted stock units that have performance-based vesting components. The time-based restricted stock units vest on February 26, 2029. The performance-based restricted stock units vest upon Alerus Financial Corporation Compensation Committee certification of certain relative cumulative EPS and ROE performance period goals, provided that such certification date occurs no later than March 15, 2029. 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 2026-06-29