Emory Wright - Feb 20, 2023 Form 4 Insider Report for ALIGN TECHNOLOGY INC (ALGN)

Role: EVP, Global Operations
Signature: /s/ Julie Coletti Attorney-in-Fact for Emory Wright
Stock symbol: ALGN
Transactions as of: Feb 20, 2023
Transactions value $: -$580,846
Form type: 4
Date filed: 2/23/2023, 07:17 PM
Previous filing: Feb 24, 2022
Next filing: Feb 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALGN	Common Stock	Options Exercise	$0	+3.37K	+67.7%	$0.00	8.35K	Feb 20, 2023	Direct
transaction	ALGN	Common Stock	Tax liability	-$581K	-1.83K	-21.96%	$316.71	6.52K	Feb 20, 2023	Direct
holding	ALGN	Common Stock						962	Feb 20, 2023	See Footnotes	F1
holding	ALGN	Common Stock						2.88K	Feb 20, 2023	See Footnotes	F1
holding	ALGN	Common Stock						2.88K	Feb 20, 2023	See Footnotes	F1
holding	ALGN	Common Stock						2.88K	Feb 20, 2023	See Footnotes	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	-308	-25%	$0.00	924	Feb 20, 2023	Common Stock	308	$0.00	Direct	F2, F3
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-268	-33.42%	$0.00	534	Feb 20, 2023	Common Stock	268	$0.00	Direct	F2, F4
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-543	-50%	$0.00	543	Feb 20, 2023	Common Stock	543	$0.00	Direct	F2, F5
transaction	ALGN	Restricted Stock Unit	Options Exercise	$0	-595	-100%	$0.00^*	0	Feb 20, 2023	Common Stock	595	$0.00	Direct	F2, F6
transaction	ALGN	Market Stock Unit	Options Exercise	$0	-1.66K	-100%	$0.00^*	0	Feb 20, 2023	Common Stock	1.66K	$0.00	Direct	F2, F7
transaction	ALGN	Restricted Stock Unit	Award	$0	+2.15K		$0.00	2.15K	Feb 20, 2023	Common Stock	2.15K	$0.00	Direct	F2, F8
transaction	ALGN	Market Stock Unit	Award	$0	+4.37K		$0.00	4.37K	Feb 20, 2023	Common Stock	4.37K	$0.00	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, 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).