ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

Gator Capital Management, LLC's Holding History (CIK: 0001570284)

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

Q4 2025

Shares 65,410 Value ($000) $1,473 Avg Close $21.62 Range $20.12 - $23.60

Q3 2025

Shares 64,905 Value ($000) $1,437 Avg Close $21.76 Range $19.88 - $23.88

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	65,410	$1,473	$21.62	$20.12 - $23.60
Q3 2025	64,905	$1,437	$21.76	$19.88 - $23.88