ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

State of Wyoming's Holding History (CIK: 0001821626)

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

Q4 2025

Shares 517 Value ($000) $12 Avg Close $21.62 Range $20.12 - $23.60

Q3 2025

Shares 505 Value ($000) $11 Avg Close $21.76 Range $19.88 - $23.88

Q2 2025

Shares 975 Value ($000) $21 Avg Close $19.46 Range $15.34 - $21.90

Q1 2025

Shares 2,665 Value ($000) $49 Avg Close $19.14 Range $17.30 - $21.15

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	517	$12	$21.62	$20.12 - $23.60
Q3 2025	505	$11	$21.76	$19.88 - $23.88
Q2 2025	975	$21	$19.46	$15.34 - $21.90
Q1 2025	2,665	$49	$19.14	$17.30 - $21.15