ALIGN TECHNOLOGY INC — Director's Dealing 2023

Feb 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALIGN TECHNOLOGY INC (ALGN)
CIK: 0001097149
Period of Report: 2023-02-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-20	Common Stock	M	17625	$0.00	Acquired	206042	Direct
2023-02-20	Common Stock	F	7891	$316.71	Disposed	198151	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-20	Restricted Stock Unit	$0.0001	M	1865	Disposed		Common Stock (1865)	Direct
2023-02-20	Restricted Stock Unit	$0.0001	M	1412	Disposed		Common Stock (1412)	Direct
2023-02-20	Restricted Stock Unit	$0.0001	M	2716	Disposed		Common Stock (2716)	Direct
2023-02-20	Restricted Stock Unit	$0.0001	M	3348	Disposed		Common Stock (3348)	Direct
2023-02-20	Market Stock Unit	$0.0001	M	8284	Disposed		Common Stock (8284)	Direct
2023-02-20	Restricted Stock Unit	$0.0001	A	14690	Acquired		Common Stock (14690)	Direct
2023-02-20	Market Stock Unit	$0.0001	A	34277	Acquired		Common Stock (34277)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1500	Indirect

Footnotes

F1: 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.

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).