John Morici - Feb 20, 2022 Form 4 Insider Report for ALIGN TECHNOLOGY INC (ALGN)

Role: EVP & Chief Financial Officer
Signature: /s/ Julie Ann Coletti Attorney-in-Fact for John Morici
Stock symbol: ALGN
Transactions as of: Feb 20, 2022
Transactions value $: -$2,750,553
Form type: 4
Date filed: 2/24/2022, 06:10 PM
Previous filing: Nov 9, 2021
Next filing: Feb 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALGN	Common Stock	Options Exercise	$0	+12.2K	+1413.34%	$0.00	13K	Feb 20, 2022	Direct	F1
transaction	ALGN	Common Stock	Tax liability	-$2.75M	-5.52K	-42.28%	$498.65	7.53K	Feb 20, 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	-575	-100%	$0.00^*	0	Feb 20, 2022	Common Stock	575	$0.00	Direct	F2, F3
transaction	ALGN	Market Stock Unit	Options Exercise	$0	-9.99K	-100%	$0.00^*	0	Feb 20, 2022	Common Stock	9.99K	$0.00	Direct	F2, F4
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-670	-50.04%	$0.00	669	Feb 20, 2022	Common Stock	670	$0.00	Direct	F2, F5
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-604	-33.35%	$0.00	1.21K	Feb 20, 2022	Common Stock	604	$0.00	Direct	F2, F6
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-342	-25.02%	$0.00	1.03K	Feb 20, 2022	Common Stock	342	$0.00	Direct	F2, F7
transaction	ALGN	Restricted Stock Unit	Award	$0	+1.56K		$0.00	1.56K	Feb 20, 2022	Common Stock	1.56K	$0.00	Direct	F5, F8
transaction	ALGN	Market Stock Unit	Award	$0	+7.79K		$0.00	7.79K	Feb 20, 2022	Common Stock	7.79K	$0.00	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	Represents par value of ALGN common stock.
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).