Alerus Financial Corp: director Randy L Newman sold 89,923 shares

What happened Randy L Newman, a director of Alerus Financial Corp, reported a gift (code G) of 89,923 shares of common stock on Sep 22, 2026. The filing reports a price per share of $0.00 and a total reported value of $0.

Key details

• Transaction date and code: Sep 22, 2026; code G (gift); price per share $0.00.
• Shares disposed: 89,923 shares gifted (disposed).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes from the filing: F1 includes 1,772 shares of restricted stock; F2 includes 1,814 shares held jointly with Mr. Newman’s spouse; F3 states the transaction involved Mr. Newman’s gift of 89,923 shares to his spouse; F4 notes shares held by the Anita D. Newman Revocable Living Trust with Mrs. Newman as trustee; F5 notes shares held by the Anita D. Newman 2021 GST Trust, where Mr. Newman is a beneficiary and trustee and has sole voting and investment power; F6 reflects the 89,923 shares gifted to Mr. Newman’s spouse.
• Filing timeliness: not indicated in the provided filing details.

Why it may matter This transaction was a gift, not a market sale. A filing does not show why the insider traded or why the company acted.