Stuart Hockridge - Feb 20, 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
Stock symbol
ALGN
Transactions as of
Feb 20, 2023
Transactions value $
-$407,289
Form type
4
Date filed
2/23/2023, 07:12 PM
Previous filing
Feb 24, 2022
Next filing
Apr 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALGN Common Stock Options Exercise $0 +2.79K +43.57% $0.00 9.19K Feb 20, 2023 Direct F1
transaction ALGN Common Stock Tax liability -$407K -1.29K -13.99% $316.71 7.91K Feb 20, 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% $0.00 681 Feb 20, 2023 Common Stock 227 $0.00 Direct F2, F3
transaction ALGN Restricted Stock Unit Options Exercise $0 -208 -33.33% $0.00 416 Feb 20, 2023 Common Stock 208 $0.00 Direct F2, F4
transaction ALGN Restricted Stock Unit Options Exercise $0 -453 -50.06% $0.00 452 Feb 20, 2023 Common Stock 453 $0.00 Direct F2, F5
transaction ALGN Restricted Stock Unit Options Exercise $0 -521 -100% $0.00* 0 Feb 20, 2023 Common Stock 521 $0.00 Direct F2, F6
transaction ALGN Market Stock Unit Options Exercise $0 -1.38K -100% $0.00* 0 Feb 20, 2023 Common Stock 1.38K $0.00 Direct F2, F7
transaction ALGN Restricted Stock Unit Award $0 +1.68K $0.00 1.68K Feb 20, 2023 Common Stock 1.68K $0.00 Direct F2, F8
transaction ALGN Market Stock Unit Award $0 +3.4K $0.00 3.4K Feb 20, 2023 Common Stock 3.4K $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 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).