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

Role
EVP & CHIEF FINANCIAL OFFICER
Signature
/s/ Julie Ann Coletti, Attorney-in-Fact for John Morici
Stock symbol
ALGN
Transactions as of
Feb 20, 2024
Transactions value $
-$575,328
Form type
4
Date filed
2/22/2024, 07:54 PM
Previous filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALGN Common Stock Award $0 +4.45K +42.85% $0.00 14.8K Feb 20, 2024 Direct F1
transaction ALGN Common Stock Tax liability -$575K -1.84K -12.37% $313.53 13K Feb 20, 2024 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 -603 -100% $0.00* 0 Feb 20, 2024 Common Stock 603 $0.00 Direct F2, F3
transaction ALGN Restricted Stock Unit Options Exercise $0 -342 -50.07% $0.00 341 Feb 20, 2024 Common Stock 342 $0.00 Direct F2, F4
transaction ALGN Restricted Stock Unit Options Exercise $0 -389 -33.33% $0.00 778 Feb 20, 2024 Common Stock 389 $0.00 Direct F2, F5
transaction ALGN Restricted Stock Unit Options Exercise $0 -718 -25% $0.00 2.15K Feb 20, 2024 Common Stock 718 $0.00 Direct F2, F6
transaction ALGN Market Stock Unit Options Exercise $0 -2.4K -100% $0.00* 0 Feb 20, 2024 Common Stock 2.4K $0.00 Direct F2, F7
transaction ALGN Restricted Stock Unit Award $0 +3.35K $0.00 3.35K Feb 20, 2024 Common Stock 3.35K $0.00 Direct F2, F8
transaction ALGN Market Stock Unit Award $0 +6.8K $0.00 6.8K Feb 20, 2024 Common Stock 6.8K $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 Includes 88 shares acquired from the ALGN Employee Stock Purchase Plan on January 31, 2024.
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. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each 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 such vest date.
F5 1/4th of the 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 such 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 such vest date.
F7 The market stock unit granted on 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 shall 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 each 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).