ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

THOMPSON INVESTMENT MANAGEMENT, INC.'s Holding History (CIK: 0001277279)

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

Q4 2025

Shares 1,470 Value ($000) $33 Avg Close $21.62 Range $20.12 - $23.60

Q3 2025

Shares 1,470 Value ($000) $33 Avg Close $21.76 Range $19.88 - $23.88

Q2 2025

Shares 1,470 Value ($000) $32 Avg Close $19.46 Range $15.34 - $21.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,470	$33	$21.62	$20.12 - $23.60
Q3 2025	1,470	$33	$21.76	$19.88 - $23.88
Q2 2025	1,470	$32	$19.46	$15.34 - $21.90