ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

AlphaQuest LLC's Holding History (CIK: 0001883897)

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

Q4 2025

Shares 4,816 Value ($000) $108 Avg Close $21.62 Range $20.12 - $23.60

Q3 2025

Shares 2,672 Value ($000) $59 Avg Close $21.76 Range $19.88 - $23.88

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,816	$108	$21.62	$20.12 - $23.60
Q3 2025	2,672	$59	$21.76	$19.88 - $23.88