ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

FJ Capital Management LLC's Holding History (CIK: 0001599170)

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

Q4 2025

Shares 67,134 Value ($000) $1,512 Avg Close $21.62 Range $20.12 - $23.60

Q4 2024

Shares 288,813 Value ($000) $5,557 Avg Close $20.92 Range $17.68 - $23.23

Q4 2019

Shares 325,000 Value ($000) $7,426 Avg Close $17.93 Range $17.26 - $19.24

Q3 2019

Shares 325,000 Value ($000) $7,085 Avg Close $16.34 Range $15.24 - $19.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	67,134	$1,512	$21.62	$20.12 - $23.60
Q4 2024	288,813	$5,557	$20.92	$17.68 - $23.23
Q4 2019	325,000	$7,426	$17.93	$17.26 - $19.24
Q3 2019	325,000	$7,085	$16.34	$15.24 - $19.46