ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

Police & Firemen's Retirement System of New Jersey's Holding History (CIK: 0002040686)

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

Q4 2025

Shares 6,759 Value ($000) $152 Avg Close $21.62 Range $20.12 - $23.60

Q3 2025

Shares 6,759 Value ($000) $150 Avg Close $21.76 Range $19.88 - $23.88

Q2 2025

Shares 5,234 Value ($000) $113 Avg Close $19.46 Range $15.34 - $21.90

Q1 2025

Shares 5,234 Value ($000) $97 Avg Close $19.14 Range $17.30 - $21.15

Q4 2024

Shares 5,234 Value ($000) $101 Avg Close $20.92 Range $17.68 - $23.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,759	$152	$21.62	$20.12 - $23.60
Q3 2025	6,759	$150	$21.76	$19.88 - $23.88
Q2 2025	5,234	$113	$19.46	$15.34 - $21.90
Q1 2025	5,234	$97	$19.14	$17.30 - $21.15
Q4 2024	5,234	$101	$20.92	$17.68 - $23.23