John Morici - 20 Feb 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
Issuer symbol: ALGN
Transactions as of: 20 Feb 2022
Net transactions value: -$2,750,553
Form type: 4
Filing time: 24 Feb 2022, 18:10:10 UTC
Previous filing: 09 Nov 2021
Next filing: 09 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	+12,183	+1413%	$0.000000	13,045	20 Feb 2022	Direct	F1
transaction	ALGN	Common Stock	Tax liability	$2,750,553	-5,516	-42%	$498.65	7,529	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	-575	-100%	$0.000000^*	0	20 Feb 2022	Common Stock	575	$0.000100	Direct	F2, F3
transaction	ALGN	Market Stock Unit	Options Exercise	$0	-9,992	-100%	$0.000000^*	0	20 Feb 2022	Common Stock	9,992	$0.000100	Direct	F2, F4
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-670	-50%	$0.000000	669	20 Feb 2022	Common Stock	670	$0.000100	Direct	F2, F5
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-604	-33%	$0.000000	1,207	20 Feb 2022	Common Stock	604	$0.000100	Direct	F2, F6
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-342	-25%	$0.000000	1,025	20 Feb 2022	Common Stock	342	$0.000100	Direct	F2, F7
transaction	ALGN	Restricted Stock Unit	Award	$0	+1,557		$0.000000	1,557	20 Feb 2022	Common Stock	1,557	$0.000100	Direct	F5, F8
transaction	ALGN	Market Stock Unit	Award	$0	+7,785		$0.000000	7,785	20 Feb 2022	Common Stock	7,785	$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	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).