4/A: ALRS Executive Amends Share Withholding Disclosure

Alerus Financial Corp executive Jim Collins filed an amended Form 4 to correct the number of shares withheld for tax liability from a restricted stock unit vesting.

Summary

• Jim Collins, EVP, CBO & CRO of Alerus Financial Corp (ALRS), filed an amended Form 4 (Form 4/A) to correct a previous filing.
• The amendment addresses an error in the number of shares withheld for tax liability upon the vesting of restricted stock units.
• The original Form 4 incorrectly reported 917 shares withheld.
• The corrected number of shares actually withheld for tax liability is 772.
• The transaction, involving the vesting and withholding, occurred on February 23, 2026, at a price of $25.45 per share.
• Following this corrected transaction, Jim Collins beneficially owns 13,167 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It's a routine administrative correction of a minor error in an insider transaction report, with no material impact on the company's operations or financial health.

Positives

• The company demonstrated transparency by promptly correcting an administrative error in a previously filed insider transaction report.
• The correction indicates that the reporting person, Jim Collins, retained 145 more shares (917 772) than initially reported, slightly increasing his beneficial ownership compared to the erroneous filing.

Negatives

• An initial administrative error in reporting the exact number of shares withheld for tax liability necessitated an amendment.

Future Outlook

No forward-looking statements or guidance are provided in this amendment.

Industry Context

StockSavvy.ai notes that Form 4/A filings are routine for correcting administrative errors in insider transaction reports and do not typically reflect broader industry trends or competitive dynamics. This specific amendment is a minor correction to a tax withholding detail.

Comparison to Industry Standards

• This filing is an administrative correction of an insider transaction report. It does not contain information that allows for a direct comparison to industry-specific operational or financial benchmarks, or to specific comparable companies or projects.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a minor correction to an insider's share withholding for tax purposes.
• Management: The executive's beneficial ownership is slightly higher than initially reported due to fewer shares being withheld for tax.

Key Dates

Recommendation

This Form 4/A is an administrative correction of a minor error in an insider transaction report. It does not provide any new material information that would warrant a change in investment recommendation for Alerus Financial Corp. The correction itself is neutral to slightly positive for the executive's personal holdings but has no discernible impact on the company's fundamentals or stock valuation.

Keywords

Alerus Financial Corp, ALRS, Form 4/A, SEC filing, beneficial ownership, restricted stock units, tax withholding, insider transaction, Jim Collins