Emory Wright - Feb 20, 2024 Form 4 Insider Report for ALIGN TECHNOLOGY INC (ALGN)

Role
EVP, GLOBAL OPERATIONS
Signature
/s/ Julie Ann Coletti, Attorney-in-Fact for Emory Wright
Stock symbol
ALGN
Transactions as of
Feb 20, 2024
Transactions value $
-$550,245
Form type
4
Date filed
2/22/2024, 07:51 PM
Previous 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 +3.53K +54.22% $0.00 10K Feb 20, 2024 Direct
transaction ALGN Common Stock Tax liability -$550K -1.76K -17.46% $313.53 8.29K Feb 20, 2024 Direct
holding ALGN Common Stock 709 Feb 20, 2024 See Footnotes F1
holding ALGN Common Stock 2.13K Feb 20, 2024 See Footnotes F1
holding ALGN Common Stock 2.13K Feb 20, 2024 See Footnotes F1
holding ALGN Common Stock 2.13K Feb 20, 2024 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 -543 -100% $0.00* 0 Feb 20, 2024 Common Stock 543 $0.00 Direct F2, F3
transaction ALGN Restricted Stock Unit Options Exercise $0 -267 -50% $0.00 267 Feb 20, 2024 Common Stock 267 $0.00 Direct F2, F4
transaction ALGN Restricted Stock Unit Options Exercise $0 -308 -33.33% $0.00 616 Feb 20, 2024 Common Stock 308 $0.00 Direct F2, F5
transaction ALGN Restricted Stock Unit Options Exercise $0 -539 -25.02% $0.00 1.62K Feb 20, 2024 Common Stock 539 $0.00 Direct F2, F6
transaction ALGN Market Stock Unit Options Exercise $0 -1.88K -100% $0.00* 0 Feb 20, 2024 Common Stock 1.88K $0.00 Direct F2, F7
transaction ALGN Restricted Stock Unit Award $0 +2.15K $0.00 2.15K Feb 20, 2024 Common Stock 2.15K $0.00 Direct F2, F8
transaction ALGN Market Stock Unit Award $0 +4.37K $0.00 4.37K Feb 20, 2024 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 and nephew of the reporting person. The reporting person is a co-trustee of each of these trusts.
F2 Represents par value of ALGN common stock.
F3 1/4th of the restricted stock unit granted on February 20, 2020 became vested on February 20, 2024 and shares were delivered to reporting person on such vest date.
F4 1/4th of the restricted stock unit granted on February 20, 2021 became vested on February 20, 2024 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 restricted stock unit granted on February 20, 2022 became vested on February 20, 2024 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, 2023 became vested on February 20, 2024 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 The market stock unit granted February 20, 2021 vested on February 20, 2024 and shares were delivered to reporting person on such vest date.
F8 1/4th of the restricted stock unit granted on February 20, 2024 will become vested on February 20, 2025 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 such vest date.
F9 Represents the number of shares which may be issued at target under the market stock unit. If performance exceeds target, the maximum number of shares that may vest is 250% of the at target amount. Vesting, if any, of the market stock unit occurs on the last day of the third year of the Performance Period (as defined in the market stock unit agreement).