ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

Black Maple Capital Management LP's Holding History (CIK: 0001588959)

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

Q4 2025

Shares 24,576 Value ($000) $553 Avg Close $21.62 Range $20.12 - $23.60

Q3 2025

Shares 10,952 Value ($000) $242 Avg Close $21.76 Range $19.88 - $23.88

Q2 2025

Shares 14,972 Value ($000) $324 Avg Close $19.46 Range $15.34 - $21.90

Q1 2025

Shares 12,835 Value ($000) $237 Avg Close $19.14 Range $17.30 - $21.15

Q4 2024

Shares 11,628 Value ($000) $224 Avg Close $20.92 Range $17.68 - $23.23

Q3 2024

Shares 13,541 Value ($000) $310 Avg Close $20.17 Range $17.43 - $21.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	24,576	$553	$21.62	$20.12 - $23.60
Q3 2025	10,952	$242	$21.76	$19.88 - $23.88
Q2 2025	14,972	$324	$19.46	$15.34 - $21.90
Q1 2025	12,835	$237	$19.14	$17.30 - $21.15
Q4 2024	11,628	$224	$20.92	$17.68 - $23.23
Q3 2024	13,541	$310	$20.17	$17.43 - $21.79