4/A: ALRS CEO Amends Stock Filing, Corrects Tax Withholding

Sentiment:

Insider Transaction Amendment 2 March 2026 3:35 PM

Alerus Financial CEO Katie A. Lorenson filed an amended Form 4 to correct the number of shares withheld for tax liabilities related to restricted stock vesting.

Summary

Katie A. Lorenson, CEO and Director of Alerus Financial Corp (ALRS), filed an amended Form 4/A.
The amendment corrects a previous filing regarding shares withheld for tax liability upon the vesting of restricted stock units.
On February 23, 2026, 1,903 shares of common stock were withheld at a price of $25.45 for tax payment.
The original filing on February 24, 2026, incorrectly reported 2,025 shares withheld; the correct amount is 1,903 shares.
Following this transaction, Ms. Lorenson beneficially owns 52,034 shares of common stock directly.
This total includes 3,263 shares of restricted stock and 11,626 shares held jointly with her spouse.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative update, correcting a minor detail in an insider transaction report without impacting the company's operational or financial performance.

Future Outlook

Industry Context

StockSavvy.ai notes that Form 4/A filings are routine compliance updates for insider transactions, particularly for corrections. This specific amendment for Alerus Financial's CEO is administrative and does not reflect on broader industry trends or competitive positioning.

Comparison to Industry Standards

This filing is a standard amendment to an insider transaction report, common across all industries for correcting minor discrepancies. It does not provide data for direct comparison to specific companies or projects.

Stakeholder Impact

This administrative correction has no material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Date	Description
02/23/2026	Date of transaction (shares withheld for tax liability)
02/24/2026	Date of original Form 4 filing (incorrectly reported shares withheld)
03/02/2026	Signature date of the amended Form 4/A

Recommendation

hold

The filing is an administrative amendment to correct a minor error in a previous insider transaction report. It does not contain any new material information regarding Alerus Financial's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as existing investment theses remain unchanged.

Keywords

ALRS, Alerus Financial, Form 4/A, SEC filing, beneficial ownership, insider transaction, stock withholding, restricted stock units, CEO, corporate governance

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