Newman Randy L 4

What Happened Randy L. Newman, a director of Alerus Financial Corporation, was granted 1,772 shares of restricted stock on 2026-05-22 as an annual director award under the Alerus Financial Corporation 2019 Equity Incentive Plan. The Form 4 reports an acquisition at $0.00 per share (award/grant), so the filing shows $0 cash paid for the shares; market value is not reported on the form.

Key Details

• Transaction date: 2026-05-22 (Grant/Award, code A).
• Filing date: 2026-05-27 — filing appears timely (within required Form 4 window).
• Shares granted: 1,772 restricted shares; reported price $0.00 per share.
• Shares owned after transaction: Not explicitly stated in the filing.
• Footnotes from the filing:
  • F1: Award issued under the 2019 Equity Incentive Plan.
  • F2: The 1,772 shares are restricted stock.
  • F3–F5: Additional holdings referenced include 1,814 shares held jointly with spouse and shares held in two trusts (Anita D. Newman Revocable Living Trust and Anita D. Newman 2021 GST Trust); the trust notes describe trustee/beneficiary relationships and voting/investment power.
• No indication this was an open-market purchase or a sale; it was compensation in the form of restricted stock.

Context Director awards like this are common compensation and reflect equity granted for service rather than a voluntary market purchase or sale. Restricted stock typically carries vesting or other transfer restrictions (check company disclosures for vesting terms). Such awards don't directly signal an insider buying or selling in the market, but they increase the insider's equity stake subject to any restrictions.