Form 4: Alerus Financial Corp: Insider Sells Shares

Kari Koob, SVP, Controller at Alerus Financial Corp, reported a transaction involving the sale of common stock.

Summary

• Kari Koob, SVP, Controller at Alerus Financial Corp, reported a transaction on July 1, 2026.
• 140 shares of common stock were disposed of, with a transaction code 'F' indicating shares withheld for tax liability upon vesting of restricted stock.
• The transaction price was $31.1 per share.
• Following the transaction, Koob beneficially owns 1,202.246 shares directly.
• Additionally, Koob has indirect beneficial ownership of 493.6779 shares through the Alerus Financial Corporation Employee Stock Ownership Plan (ESOP).
• The filing also notes that 660 shares of restricted stock are included in the direct ownership.
• ESOP allocations since the last report are reflected in the indirect ownership figure.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a standard insider transaction for tax withholding purposes, without indicating a change in the insider's overall conviction in the company.

Positives

• The transaction involved shares withheld for tax liability upon vesting of restricted stock, which is a standard practice.
• The reporting person maintains significant direct and indirect beneficial ownership in the company.

Negatives

• A disposition of company stock by an insider, even if for tax purposes, can sometimes be perceived negatively by the market.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that insider transactions, such as this Form 4 filing by Alerus Financial Corp's SVP, Controller, are routine disclosures. While the sale of shares for tax withholding is a common and expected event, any disposition by management is closely watched by investors for potential signals about the company's performance or management's confidence.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related event and is unlikely to have a significant direct impact on share price, though any insider selling can be a point of observation.

Key Dates

Keywords

Alerus Financial Corp, ALRS, Form 4, Insider Transaction, Stock Sale, Restricted Stock, Employee Stock Ownership Plan, Beneficial Ownership, SEC Filing