Julie Ann Coletti - 20 Feb 2023 Form 4 Insider Report for ALIGN TECHNOLOGY INC (ALGN)

Role
EVP, Chief Legal & Regulatory
Signature
/s/ Julie A. Coletti
Issuer symbol
ALGN
Transactions as of
20 Feb 2023
Net transactions value
-$365,167
Form type
4
Filing time
23 Feb 2023, 19:10:49 UTC
Previous filing
22 Jul 2022
Next filing
24 Jul 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 +2,600 +230% $0.000000 3,731 20 Feb 2023 Direct F1
transaction ALGN Common Stock Tax liability $365,167 -1,153 -31% $316.71 2,578 20 Feb 2023 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 -292 -25% $0.000000 875 20 Feb 2023 Common Stock 292 $0.000100 Direct F2, F3
transaction ALGN Restrictd Stock Unit Options Exercise $0 -223 -33% $0.000000 445 20 Feb 2023 Common Stock 223 $0.000100 Direct F2, F4
transaction ALGN Restricted Stock Unit Options Exercise $0 -453 -50% $0.000000 452 20 Feb 2023 Common Stock 453 $0.000100 Direct F2, F5
transaction ALGN Restricted Stock Unit Options Exercise $0 -251 -100% $0.000000* 0 20 Feb 2023 Common Stock 251 $0.000100 Direct F2, F6
transaction ALGN Market Stock Unit Options Exercise $0 -1,381 -100% $0.000000* 0 20 Feb 2023 Common Stock 1,381 $0.000100 Direct F2, F7
transaction ALGN Restricted Stock Unit Award $0 +2,154 $0.000000 2,154 20 Feb 2023 Common Stock 2,154 $0.000100 Direct F2, F8
transaction ALGN Market Stock Unit Award $0 +4,374 $0.000000 4,374 20 Feb 2023 Common Stock 4,374 $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 Includes an aggregate of 165 shares acquired under the ALGN ESPP as follows: 106 shares acquired on July 30, 2021, 25 shares acquired on July 31, 2022 and 34 shares acquired on January 31, 2023.
F2 Represents par value of ALGN common stock.
F3 1/4th of the restricted stock unit granted on February 20, 2022 became vested on February 20, 2023 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, 2021 became vested on February 20, 2023 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, 2020 became vested on February 20, 2023 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, 2019 became vested on February 20, 2023 and shares were delivered to reporting person on such vest date.
F7 The market stock unit granted February 20, 2020 became fully vested on February 20, 2023, and shares were delivered to reporting person on such vest date.
F8 1/4th of the restricted stock unit granted on February 20, 2023 will become vested on February 20, 2024 and shares will be delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter 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).