Stuart A. Hockridge - 20 Feb 2023 Form 4 Insider Report for ALIGN TECHNOLOGY INC (ALGN)

Role: EVP Global HR
Signature: /s/ Julie A. Coletti Attorney-in-Fact for Stuart Hockridge
Issuer symbol: ALGN
Transactions as of: 20 Feb 2023
Net transactions value: -$407,289
Form type: 4
Filing time: 23 Feb 2023, 19:12:41 UTC
Previous filing: 24 Feb 2022
Next filing: 05 Apr 2024
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	+2,790	+44%	$0.000000	9,194	20 Feb 2023	Direct	F1
transaction	ALGN	Common Stock	Tax liability	$407,289	-1,286	-14%	$316.71	7,908	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	-227	-25%	$0.000000	681	20 Feb 2023	Common Stock	227	$0.000100	Direct	F2, F3
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-208	-33%	$0.000000	416	20 Feb 2023	Common Stock	208	$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	-521	-100%	$0.000000^*	0	20 Feb 2023	Common Stock	521	$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	+1,675		$0.000000	1,675	20 Feb 2023	Common Stock	1,675	$0.000100	Direct	F2, F8
transaction	ALGN	Market Stock Unit	Award	$0	+3,402		$0.000000	3,402	20 Feb 2023	Common Stock	3,402	$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 125 shares acquired under the ALGN ESPP 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 continue to 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).