Coughlin Daniel E 4

What Happened
Daniel E. Coughlin, a director of Alerus Financial Corp. (ALRS), received an award of 1,772 shares on May 22, 2026. The shares were issued as an annual director award under the Alerus Financial Corporation 2019 Equity Incentive Plan and were reported as acquired at $0.00 (no cash paid). This is a compensation grant (award), not an open-market purchase or sale, and is typically a routine director compensation event.

Key Details

• Transaction date: 2026-05-22
• Transaction type/code: Grant / Award (A)
• Amount: 1,772 shares acquired; acquisition price reported $0.00; total reported consideration $0.00
• Reported holdings after transaction: Reported holdings include 1,772 restricted shares and 27,356 shares held jointly with Mr. Coughlin’s spouse — at least 29,128 shares beneficially owned.
• Footnotes: Award issued under the 2019 Equity Incentive Plan (F1); the 1,772 shares are restricted stock (F2); 27,356 shares are held jointly with spouse (F3).
• Filing timeliness: Form filed 2026-05-27. Because May 25, 2026 was a market holiday, the two-business-day filing window ended on May 26, so this Form 4 appears to have been filed one business day late.

Context
Restricted stock awards are common for directors as part of annual compensation and usually vest over time; they are not the same as a purchase and do not by themselves signal a trading view. Purchases or sales by insiders tend to be more informative about sentiment. The award was reported at $0 (standard for compensation grants); any market value would depend on ALRS’s share price at grant/vesting dates.