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

Role
PRESIDENT AND CEO, Director
Signature
/s/ Julie Ann Coletti, Attorney-in-Fact for Joseph Hogan
Stock symbol
ALGN
Transactions as of
Feb 20, 2024
Transactions value $
-$2,719,559
Form type
4
Date filed
2/22/2024, 07:56 PM
Previous filing
Nov 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALGN Common Stock Options Exercise $0 +19.6K +9.38% $0.00 228K Feb 20, 2024 Direct F1
transaction ALGN Common Stock Tax liability -$2.72M -8.67K -3.8% $313.53 220K Feb 20, 2024 Direct
holding ALGN Common Stock 1.5K Feb 20, 2024 See Footnotes F2

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 -2.72K -100% $0.00* 0 Feb 20, 2024 Common Stock 2.72K $0.00 Direct F3, F4
transaction ALGN Restricted Stock Unit Options Exercise $0 -1.41K -50% $0.00 1.41K Feb 20, 2024 Common Stock 1.41K $0.00 Direct F3, F5
transaction ALGN Restricted Stock Unit Options Exercise $0 -1.87K -33.33% $0.00 3.73K Feb 20, 2024 Common Stock 1.87K $0.00 Direct F3, F6
transaction ALGN Restricted Stock Unit Options Exercise $0 -3.67K -25% $0.00 11K Feb 20, 2024 Common Stock 3.67K $0.00 Direct F3, F7
transaction ALGN Market Stock Unit Options Exercise $0 -9.91K -100% $0.00* 0 Feb 20, 2024 Common Stock 9.91K $0.00 Direct F3, F8
transaction ALGN Restricted Stock Unit Award $0 +13.6K $0.00 13.6K Feb 20, 2024 Common Stock 13.6K $0.00 Direct F3, F9
transaction ALGN Market Stock Unit Award $0 +31.7K $0.00 31.7K Feb 20, 2024 Common Stock 31.7K $0.00 Direct F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 89 shares acquired on January 31, 2024 under the ALGN Employee Stock Purchase Plan.
F2 These securities are held directly by the spouse of the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
F3 Represents par value of ALGN common stock.
F4 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.
F5 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 such vest date.
F6 1/4th of the restricted stock unit granted on February 20, 2022 became vested on February 20, 2924 and shares were delivered to reporting person. 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 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.
F8 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.
F9 1/14th 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 date. 1/14th of restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on such vest date.
F10 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).