Joseph M. Hogan - 20 Feb 2022 Form 4 Insider Report for ALIGN TECHNOLOGY INC (ALGN)

Role
President and CEO, Director
Signature
/s/ Julie Ann Coletti Attorney-in-Fact for Joseph Hogan
Issuer symbol
ALGN
Transactions as of
20 Feb 2022
Net transactions value
-$13,401,219
Form type
4
Filing time
24 Feb 2022, 18:08:18 UTC
Previous filing
09 Nov 2021
Next filing
05 May 2022
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 +59,836 +44% $0.000000 194,976 20 Feb 2022 Direct F1
transaction ALGN Common Stock Tax liability $13,401,219 -26,875 -14% $498.65 168,101 20 Feb 2022 Direct
holding ALGN Common Stock 1,500 20 Feb 2022 See Footnotes F2

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 -2,400 -100% $0.000000* 0 20 Feb 2022 Common Stock 2,400 $0.000100 Direct F3
transaction ALGN Market Stock Unit Options Exercise $0 -49,958 -100% $0.000000* 0 20 Feb 2022 Common Stock 49,958 $0.000100 Direct F4
transaction ALGN Restricted Stock Unit Options Exercise $0 -3,349 -50% $0.000000 3,348 20 Feb 2022 Common Stock 3,349 $0.000100 Direct F5
transaction ALGN Restricted Stock Unit Options Exercise $0 -2,716 -33% $0.000000 5,432 20 Feb 2022 Common Stock 2,716 $0.000100 Direct F6
transaction ALGN Restricted Stock Unit Options Exercise $0 -1,413 -25% $0.000000 4,236 20 Feb 2022 Common Stock 1,413 $0.000100 Direct F7
transaction ALGN Restricted Stock Unit Award $0 +7,460 $0.000000 7,460 20 Feb 2022 Common Stock 7,460 $0.000100 Direct F8
transaction ALGN Market Stock Unit Award $0 +37,302 $0.000000 37,302 20 Feb 2022 Common Stock 37,302 $0.000100 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 35 shares acquired under the ALGN ESPP on January 31, 2022.
F2 These securities are held directly by the spouse of the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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).