Emory Wright - 20 Feb 2022 Form 4 Insider Report for ALIGN TECHNOLOGY INC (ALGN)

Role: EVP, Global Operations
Signature: /s/ Julie Ann Coletti Attorney-in-Fact for Emory Wright
Issuer symbol: ALGN
Transactions as of: 20 Feb 2022
Net transactions value: -$2,909,124
Form type: 4
Filing time: 24 Feb 2022, 18:11:37 UTC
Previous filing: 03 Aug 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	+10,813		$0.000000	10,813	20 Feb 2022	Direct
transaction	ALGN	Common Stock	Tax liability	$2,909,124	-5,834	-54%	$498.65	4,979	20 Feb 2022	Direct
holding	ALGN	Common Stock						962	20 Feb 2022	See Footnote	F1
holding	ALGN	Common Stock						2,883	20 Feb 2022	See Footnote	F1
holding	ALGN	Common Stock						2,883	20 Feb 2022	See Footnote	F1
holding	ALGN	Common Stock						2,883	20 Feb 2022	See Footnote	F1

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	-525	-100%	$0.000000^*	0	20 Feb 2022	Common Stock	525	$0.000100	Direct	F2, F3
transaction	ALGN	Market Stock Unit	Options Exercise	$0	-8,882	-100%	$0.000000^*	0	20 Feb 2022	Common Stock	8,882	$0.000100	Direct	F2, F4
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-595	-50%	$0.000000	595	20 Feb 2022	Common Stock	595	$0.000100	Direct	F2, F5
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-543	-33%	$0.000000	1,086	20 Feb 2022	Common Stock	543	$0.000100	Direct	F2, F6
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-268	-25%	$0.000000	802	20 Feb 2022	Common Stock	268	$0.000100	Direct	F2, F7
transaction	ALGN	Restricted Stock Unit	Award	$0	+1,232		$0.000000	1,232	20 Feb 2022	Common Stock	1,232	$0.000100	Direct	F2, F8
transaction	ALGN	Market Stock Unit	Award	$0	+6,162		$0.000000	6,162	20 Feb 2022	Common Stock	6,162	$0.000100	Direct	F2, F9

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

Explanation of Responses:

Id	Content
F1	These shares are held by irrevocable trusts for the benefit of the children of reporting person. The reporting person is a co-trustee of each of the trusts.
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. 1/4th of the restricted stock unit will annually and shares will be delivered to reporting person on each 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).