ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

GENDELL JEFFREY L's Holding History (CIK: 0001056581)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 233,700 Value ($000) $5,263 Avg Close $21.62 Range $20.12 - $23.60

Q3 2025

Shares 233,700 Value ($000) $5,174 Avg Close $21.76 Range $19.88 - $23.88

Q2 2025

Shares 233,700 Value ($000) $5,057 Avg Close $19.46 Range $15.34 - $21.90

Q1 2025

Shares 389,794 Value ($000) $7,196 Avg Close $19.14 Range $17.30 - $21.15

Q4 2024

Shares 404,471 Value ($000) $7,782 Avg Close $20.92 Range $17.68 - $23.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	233,700	$5,263	$21.62	$20.12 - $23.60
Q3 2025	233,700	$5,174	$21.76	$19.88 - $23.88
Q2 2025	233,700	$5,057	$19.46	$15.34 - $21.90
Q1 2025	389,794	$7,196	$19.14	$17.30 - $21.15
Q4 2024	404,471	$7,782	$20.92	$17.68 - $23.23