Stuart A. Hockridge - 20 Feb 2022 Form 4 Insider Report for ALIGN TECHNOLOGY INC (ALGN)

Role: EVP Global HR
Signature: /s/ Julie Ann Coletti Attorney-in-Fact for Stuart Hockridge
Issuer symbol: ALGN
Transactions as of: 20 Feb 2022
Net transactions value: -$2,130,731
Form type: 4
Filing time: 24 Feb 2022, 18:06:32 UTC
Previous filing: 28 Dec 2021
Next filing: 23 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALGN	Common Stock	Options Exercise	$0	+9,403	+818%	$0.000000	10,552	20 Feb 2022	Direct
transaction	ALGN	Common Stock	Tax liability	$2,130,731	-4,273	-40%	$498.65	6,279	20 Feb 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-450	-100%	$0.000000^*	0	20 Feb 2022	Common Stock	450	$0.000100	Direct	F1
transaction	ALGN	Market Stock Unit	Options Exercise	$0	-7,771	-100%	$0.000000^*	0	20 Feb 2022	Common Stock	7,771	$0.000100	Direct	F2
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-521	-50%	$0.000000	521	20 Feb 2022	Common Stock	521	$0.000100	Direct	F3
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-453	-33%	$0.000000	905	20 Feb 2022	Common Stock	453	$0.000100	Direct	F4
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-208	-25%	$0.000000	624	20 Feb 2022	Common Stock	208	$0.000100	Direct	F5
transaction	ALGN	Restricted Stock Unit	Award	$0	+908		$0.000000	908	20 Feb 2022	Common Stock	908	$0.000100	Direct	F6
transaction	ALGN	Market Stock Unit	Award	$0	+4,540		$0.000000	4,540	20 Feb 2022	Common Stock	4,540	$0.000100	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	1/4th of the restricted stock unit granted on February 20, 2018 became vested on February 20, 2022 and shares were delivered to reporting person on such vest date.
F2	The market stock unit granted February 20, 2019 became fully vested on February 20, 2022, and shares were delivered to reporting person on such vest date.
F3	1/4th of the restricted stock unit granted on February 20, 2019 became vested on February 20, 2022 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
F4	1/4th of the restricted stock unit granted on February 20, 2020 became vested on February 20, 2022 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
F5	1/4th of the restricted stock unit granted on February 20, 2021 became vested on February 20, 2022 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
F6	1/4th of the restricted stock unit granted on February 20, 2022 will become vested on February 20, 2023 and shares will be delivered to reporting person on such vest date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
F7	Represents the maximum number of shares which may be issued under the market stock unit. 100% of the market stock unit will vest on the last day of the third year of the Performance Period (as defined in the market stock unit agreement).