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[Form 4] Alerus Financial Corporation Insider Trading Activity

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Form 8-K Item 7.01 â€� Regulation FD Disclosure: Vroom, Inc. (Nasdaq: VRM) announced that its outstanding warrants will begin trading on the OTCQX® Best Market under the ticker “V¸é²Ñ²Ñ°Ââ€� starting July 7, 2025. The filing contains forward-looking statements limited to the commencement and timing of this secondary trading venue. No additional financial data, earnings information, or strategic transactions were provided.

The disclosure is primarily administrative, intended to inform investors of a new marketplace for Vroom’s warrants. It does not amend previously issued financial guidance nor introduce new operating metrics.

Modulo 8-K Punto 7.01 â€� Comunicazione ai sensi del Regolamento FD: Vroom, Inc. (Nasdaq: VRM) ha annunciato che i suoi warrant in circolazione inizieranno a essere negoziati sul mercato OTCQX® Best Market con il simbolo “V¸é²Ñ²Ñ°Ââ€� a partire dal 7 luglio 2025. La comunicazione contiene dichiarazioni previsionali limitate all'inizio e alla tempistica di questa nuova sede di negoziazione secondaria. Non sono stati forniti ulteriori dati finanziari, informazioni sugli utili o operazioni strategiche.

La comunicazione è principalmente di natura amministrativa, volta a informare gli investitori di un nuovo mercato per i warrant di Vroom. Non modifica le precedenti indicazioni finanziarie né introduce nuovi parametri operativi.

Formulario 8-K Punto 7.01 â€� Divulgación según Regulación FD: Vroom, Inc. (Nasdaq: VRM) anunció que sus garantías en circulación comenzarán a cotizar en el mercado OTCQX® Best Market bajo el símbolo “V¸é²Ñ²Ñ°Ââ€� a partir del 7 de julio de 2025. La presentación contiene declaraciones prospectivas limitadas al inicio y la programación de esta nueva plataforma de negociación secundaria. No se proporcionaron datos financieros adicionales, información sobre ganancias ni transacciones estratégicas.

La divulgación es principalmente administrativa, destinada a informar a los inversores sobre un nuevo mercado para las garantías de Vroom. No modifica las orientaciones financieras previamente emitidas ni introduce nuevas métricas operativas.

Form 8-K 항목 7.01 â€� 규제 FD 공개: Vroom, Inc. (나스ë‹�: VRM)ì€ ë³´ìœ  ì¤‘ì¸ ì›ŒëŸ°íŠ¸ê°€ 2025ë…� 7ì›� 7ì�ë¶€í„� OTCQX® 베스íŠ� 마켓ì—서 “V¸é²Ñ²Ñ°Ââ€� 티커ë¡� 거래ë˜ê¸° 시작í•� 것ì´ë¼ê³  발표했습니다. ì� 공시ëŠ� ì� 2ì°� 거래 장소ì� 개시 ë°� 시ì ì—� ê´€í•� 미래 예측 진술ì—� 한정ë˜ì–´ 있습니다. 추가ì ì¸ 재무 ë°ì´í„�, ìˆ˜ìµ ì •ë³´ ë˜ëŠ” ì „ëžµì � 거래ëŠ� 제공ë˜ì§€ 않았습니ë‹�.

ì� 공개ëŠ� 주로 행정ì ì¸ 목ì ì´ë©°, 투ìžìžë“¤ì—게 Vroom ì›ŒëŸ°íŠ¸ì˜ ìƒˆë¡œìš� 거래 시장ì� 알리ê¸� 위한 것입니다. 기존ì—� 발표ë� 재무 ì§€ì¹¨ì„ ë³€ê²½í•˜ê±°ë‚˜ 새로ìš� ìš´ì˜ ì§€í‘œë¥¼ ë„입하지 않습니다.

Formulaire 8-K Point 7.01 � Divulgation selon le Règlement FD : Vroom, Inc. (Nasdaq : VRM) a annoncé que ses bons de souscription en circulation commenceront à être négociés sur le marché OTCQX® Best Market sous le symbole « VRMMW » à partir du 7 juillet 2025. Le dépôt contient des déclarations prospectives limitées au début et au calendrier de ce nouveau lieu de négociation secondaire. Aucune donnée financière supplémentaire, information sur les résultats ou transaction stratégique n’a été fournie.

Cette divulgation est principalement administrative et vise à informer les investisseurs d’un nouveau marché pour les bons de souscription de Vroom. Elle ne modifie pas les prévisions financières précédemment émises ni n’introduit de nouveaux indicateurs opérationnels.

Formular 8-K Punkt 7.01 â€� Offenlegung gemäß Regulation FD: Vroom, Inc. (Nasdaq: VRM) gab bekannt, dass seine ausstehenden Warrants ab dem 7. Juli 2025 unter dem Tickersymbol â€Â˸é²Ñ²Ñ°Ââ€� am OTCQX® Best Market gehandelt werden. Die Meldung enthält zukunftsgerichtete Aussagen, die sich auf den Beginn und den Zeitpunkt dieses sekundären Handelsplatzes beschränken. Es wurden keine zusätzlichen Finanzdaten, Gewinninformationen oder strategische Transaktionen bereitgestellt.

Die Offenlegung ist hauptsächlich administrativer Natur und soll Investoren über einen neuen Handelsplatz für Vrooms Warrants informieren. Sie ändert keine zuvor veröffentlichten Finanzprognosen und führt keine neuen operativen Kennzahlen ein.

Positive
  • None.
Negative
  • None.

Insights

TL;DR � Routine notice; warrants gain OTCQX listing, minimal direct impact on VRM equity.

The filing simply alerts investors that Vroom’s warrants will now trade on the OTCQX Best Market under VRMMW. While this can improve liquidity and price discovery for warrant holders, it does not alter the company’s capitalization, cash flow, or core operating outlook. No strike price, warrant count, or dilution scenario was disclosed, limiting valuation analysis. Given the narrow scope and absence of financial metrics, I view the impact on common-stock valuation as neutral.

Modulo 8-K Punto 7.01 â€� Comunicazione ai sensi del Regolamento FD: Vroom, Inc. (Nasdaq: VRM) ha annunciato che i suoi warrant in circolazione inizieranno a essere negoziati sul mercato OTCQX® Best Market con il simbolo “V¸é²Ñ²Ñ°Ââ€� a partire dal 7 luglio 2025. La comunicazione contiene dichiarazioni previsionali limitate all'inizio e alla tempistica di questa nuova sede di negoziazione secondaria. Non sono stati forniti ulteriori dati finanziari, informazioni sugli utili o operazioni strategiche.

La comunicazione è principalmente di natura amministrativa, volta a informare gli investitori di un nuovo mercato per i warrant di Vroom. Non modifica le precedenti indicazioni finanziarie né introduce nuovi parametri operativi.

Formulario 8-K Punto 7.01 â€� Divulgación según Regulación FD: Vroom, Inc. (Nasdaq: VRM) anunció que sus garantías en circulación comenzarán a cotizar en el mercado OTCQX® Best Market bajo el símbolo “V¸é²Ñ²Ñ°Ââ€� a partir del 7 de julio de 2025. La presentación contiene declaraciones prospectivas limitadas al inicio y la programación de esta nueva plataforma de negociación secundaria. No se proporcionaron datos financieros adicionales, información sobre ganancias ni transacciones estratégicas.

La divulgación es principalmente administrativa, destinada a informar a los inversores sobre un nuevo mercado para las garantías de Vroom. No modifica las orientaciones financieras previamente emitidas ni introduce nuevas métricas operativas.

Form 8-K 항목 7.01 â€� 규제 FD 공개: Vroom, Inc. (나스ë‹�: VRM)ì€ ë³´ìœ  ì¤‘ì¸ ì›ŒëŸ°íŠ¸ê°€ 2025ë…� 7ì›� 7ì�ë¶€í„� OTCQX® 베스íŠ� 마켓ì—서 “V¸é²Ñ²Ñ°Ââ€� 티커ë¡� 거래ë˜ê¸° 시작í•� 것ì´ë¼ê³  발표했습니다. ì� 공시ëŠ� ì� 2ì°� 거래 장소ì� 개시 ë°� 시ì ì—� ê´€í•� 미래 예측 진술ì—� 한정ë˜ì–´ 있습니다. 추가ì ì¸ 재무 ë°ì´í„�, ìˆ˜ìµ ì •ë³´ ë˜ëŠ” ì „ëžµì � 거래ëŠ� 제공ë˜ì§€ 않았습니ë‹�.

ì� 공개ëŠ� 주로 행정ì ì¸ 목ì ì´ë©°, 투ìžìžë“¤ì—게 Vroom ì›ŒëŸ°íŠ¸ì˜ ìƒˆë¡œìš� 거래 시장ì� 알리ê¸� 위한 것입니다. 기존ì—� 발표ë� 재무 ì§€ì¹¨ì„ ë³€ê²½í•˜ê±°ë‚˜ 새로ìš� ìš´ì˜ ì§€í‘œë¥¼ ë„입하지 않습니다.

Formulaire 8-K Point 7.01 � Divulgation selon le Règlement FD : Vroom, Inc. (Nasdaq : VRM) a annoncé que ses bons de souscription en circulation commenceront à être négociés sur le marché OTCQX® Best Market sous le symbole « VRMMW » à partir du 7 juillet 2025. Le dépôt contient des déclarations prospectives limitées au début et au calendrier de ce nouveau lieu de négociation secondaire. Aucune donnée financière supplémentaire, information sur les résultats ou transaction stratégique n’a été fournie.

Cette divulgation est principalement administrative et vise à informer les investisseurs d’un nouveau marché pour les bons de souscription de Vroom. Elle ne modifie pas les prévisions financières précédemment émises ni n’introduit de nouveaux indicateurs opérationnels.

Formular 8-K Punkt 7.01 â€� Offenlegung gemäß Regulation FD: Vroom, Inc. (Nasdaq: VRM) gab bekannt, dass seine ausstehenden Warrants ab dem 7. Juli 2025 unter dem Tickersymbol â€Â˸é²Ñ²Ñ°Ââ€� am OTCQX® Best Market gehandelt werden. Die Meldung enthält zukunftsgerichtete Aussagen, die sich auf den Beginn und den Zeitpunkt dieses sekundären Handelsplatzes beschränken. Es wurden keine zusätzlichen Finanzdaten, Gewinninformationen oder strategische Transaktionen bereitgestellt.

Die Offenlegung ist hauptsächlich administrativer Natur und soll Investoren über einen neuen Handelsplatz für Vrooms Warrants informieren. Sie ändert keine zuvor veröffentlichten Finanzprognosen und führt keine neuen operativen Kennzahlen ein.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Koob Kari

(Last) (First) (Middle)
401 DEMERS AVENUE

(Street)
GRAND FORKS ND 58201

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ALERUS FINANCIAL CORP [ ALRS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Director of Accounting
3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/03/2025 F 100(1) D $22.43 1,342.246(2) D
Common Stock 265.3087(3) I By the Alerus Financial Corporation Employee Stock Ownership Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld upon vesting of restricted stock for payment of tax liability.
2. Includes 1,143 shares of restricted stock.
3. Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.
/s/ Nicholas Brenckman, by power of attorney 07/07/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Alerus Finl Corp

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