Taylor Karin M 4

What Happened

• Karin M. Taylor, EVP and COO of Alerus Financial Corp (ALRS), had 2,128 restricted stock units (RSUs) vest on Feb 21, 2026. The RSUs converted one-for-one into 2,128 common shares (reported as a derivative conversion, code M).
• To satisfy tax withholding, 774 of those shares were surrendered on Feb 23, 2026 at an indicated withholding price of $25.45 per share, totaling $19,698 (reported as disposition, code F). After withholding, Taylor received a net 1,354 shares.
• This was not an open-market sale or purchase — it was a routine conversion of RSUs and share-withholding to cover taxes.

Key Details

• Vesting/Conversion date: 2026-02-21 (2,128 shares, code M).
• Tax withholding/payment date: 2026-02-23 (774 shares withheld at $25.45, $19,698, code F).
• Net shares delivered to insider: 1,354 shares (2,128 less 774).
• Shares owned after transaction: reported holdings include 3,012 shares of restricted stock (per footnote).
• Relevant footnotes: F1 = RSUs granted Feb 21, 2023 vesting Feb 21, 2026; F2 = RSUs convert 1:1 to common stock; F4 = shares withheld upon vesting to pay tax liability; F5 = reflects ESOP allocations since last report.
• Filing: Form 4 filed 2026-02-24 (within the standard two business days reporting window for a Feb 21 transaction).

Context

• RSU vesting and share-withholding for taxes are routine administrative events and do not represent an open-market sale or new purchase by the insider. The conversion (M) and withholding (F) entries reflect receipt of award shares and subsequent surrender to cover tax obligations.
• For retail investors, purchases or open-market sales by insiders often carry more direct signals; vesting and tax-withholding are generally neutral informational items.