ALIGN TECHNOLOGY INC — Director's Dealing 2021

Feb 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALIGN TECHNOLOGY INC (ALGN)
CIK: 0001097149
Period of Report: 2021-02-20

Reporting Person: HOGAN JOSEPH M (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-20	Common Stock	M	54046	$0.00	Acquired	168205	Direct
2021-02-20	Common Stock	F	24273	$599.25	Disposed	143932	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-20	Restricted Stock Unit	$0.0001	M	6250	Disposed		Common Stock (6250)	Direct
2021-02-20	Restricted Stock Unit	$0.0001	M	2400	Disposed		Common Stock (2400)	Direct
2021-02-20	Restricted Stock Unit	$0.0001	M	3349	Disposed		Common Stock (3349)	Direct
2021-02-20	Restricted Stock Unit	$0.0001	M	2716	Disposed		Common Stock (2716)	Direct
2021-02-20	Market Stock Unit	$0.0001	M	39331	Disposed		Common Stock (39331)	Direct
2021-02-20	Restricted Stock Unit	$0.0001	A	5649	Acquired		Common Stock (5649)	Direct
2021-02-20	Market Stock Unit	$0.0001	A	28245	Acquired		Common Stock (28245)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1500	Indirect

Footnotes

F1: Includes 123 shares acquired under the ALGN ESPP on January 29, 2021.

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, 2017 became vested on February 20, 2021 and shares were delivered to reporting person on February 22, 2021.

F5: 1/4th of the restricted stock unit granted on February 20, 2018 became vested on February 20, 2021 and shares were delivered to reporting person on February 22, 2021. 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, 2021 and shares were delivered to reporting person on February 22, 2021. 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, 2020 became vested on February 20, 2021 and shares were delivered to reporting person on February 22, 2021. 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, 2018 became fully vested on February 20, 2021. Shares were delivered to reporting person on February 22, 2021.

F9: 1/4th of the restricted stock unit granted on February 20, 2021 will become vested on February 20, 2022 and shares will be 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.

F10: 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).