Bolton Jeffrey 4

What Happened Jeffrey Bolton, a director of ALERUS Financial Corp (ALRS), completed an open‑market purchase of 1,000 common shares on May 27, 2026 at $28.71 per share, for a total cost of $28,715. This was a straight purchase (transaction code P), which is a direct acquisition of stock.

Key Details

• Transaction date and price: 2026-05-27 — 1,000 shares at $28.71 each.
• Total value: $28,715.
• Filing: Form 4 filed on 2026-05-29 — within the typical two‑business‑day reporting window (timely).
• Shares owned after transaction: not specified in the provided summary; filing footnotes provide ownership details below.
• Footnotes from the filing:
  • F1: Includes 1,000 shares held jointly with Mr. Bolton's spouse.
  • F2: Includes 1,772 shares of restricted stock.
  • F3: Includes 3,567 shares held jointly with Mr. Bolton's spouse.

Context Insider purchases like this are direct acquisitions of company stock and are often watched by investors as a potential positive signal, though they do not by themselves prove future performance. The filing indicates some holdings are joint with a spouse and some are restricted stock; these ownership details affect control and transferability but do not change the fact of the open‑market purchase.