ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

Hillsdale Investment Management Inc.'s Holding History (CIK: 0001368465)

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

Q3 2025

Shares 330 Value ($000) $7 Avg Close $21.76 Range $19.88 - $23.88

Q2 2025

Shares 300 Value ($000) $6 Avg Close $19.46 Range $15.34 - $21.90

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	330	$7	$21.76	$19.88 - $23.88
Q2 2025	300	$6	$19.46	$15.34 - $21.90