Kari Koob, SVP and Controller of Alerus Financial Corp, filed a Form 4 on September 15, 2026, disclosing the sale of 597 shares of common stock on September 14, 2026.

Key Highlights

  • Shares sold: 597 shares of Alerus Financial Corp common stock were disposed of on September 14, 2026.
  • Sale price: Shares were sold at $33.13 per share.
  • Direct ownership after transaction: 503.246 shares held directly, including 382 shares of restricted stock.
  • Indirect ownership: 500.6112 shares held indirectly through the Alerus Financial Corporation Employee Stock Ownership Plan, reflecting ESOP allocations since the reporting person's last ownership report.
  • Reporting person: Kari Koob, SVP and Controller, based in Grand Forks, North Dakota.

Kari Koob's September 2026 Share Disposition at Alerus Financial

According to the filing, Kari Koob, identified as SVP and Controller of Alerus Financial Corp (NASDAQ:ALRS), disposed of 597 shares of common stock on September 14, 2026, at a price of $33.13 per share. The transaction code recorded is "S," indicating a sale. The filing was signed by Nicholas Brenckman, by power of attorney, and submitted on September 15, 2026.

Following the reported transaction, the filing discloses that Koob directly holds 503.246 shares of common stock. The filing notes in its explanation of responses that this figure includes 382 shares of restricted stock. In addition, Koob holds 500.6112 shares indirectly through the Alerus Financial Corporation Employee Stock Ownership Plan. The filing states that this indirect figure "reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report."

No derivative securities transactions were reported in Table II of the filing. The Form 4 was filed by one reporting person, and the filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) trading plan, as the corresponding checkbox was not selected.

What Was Disclosed

Kari Koob, SVP and Controller of Alerus Financial Corp, reported a sale of 597 common shares at $33.13 on September 14, 2026, leaving direct holdings of 503.246 shares and indirect ESOP holdings of 500.6112 shares.