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: Hockridge Stuart A (SVP Global HR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-20	Common Stock	M	10503	$0.00	Acquired	20346	Direct
2021-02-20	Common Stock	F	4901	$599.25	Disposed	15445	Direct
2021-02-24	Common Stock	S	4622	$573.07	Disposed	10823	Direct
2021-02-24	Common Stock	S	980	$574.20	Disposed	9843	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-20	Restricted Stock Unit	$0.0001	M	1500	Disposed		Common Stock (1500)	Direct
2021-02-20	Restricted Stock Unit	$0.0001	M	450	Disposed		Common Stock (450)	Direct
2021-02-20	Restricted Stock Unit	$0.0001	M	521	Disposed		Common Stock (521)	Direct
2021-02-20	Restricted Stock Unit	$0.0001	M	453	Disposed		Common Stock (453)	Direct
2021-02-20	Market Stock Unit	$0.0001	M	7579	Disposed		Common Stock (7579)	Direct
2021-02-20	Restricted Stock Unit	$0.0001	A	832	Acquired		Common Stock (832)	Direct
2021-02-20	Market Stock Unit	$0.0001	A	4160	Acquired		Common Stock (4160)	Direct

Footnotes

F1: The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $572.74 to $573.73, inclusive. The reporting person undertakes to provide Align Technology, Inc., any security holder of Align Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $573.74 to $574.495, inclusive. The reporting person undertakes to provide Align Technology, Inc., any security holder of Align Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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 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).