Align Technology (ALGN) Form 4 ALIGN TECHNOLOGY / Julie Ann Coletti ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Coletti Julie Ann

(Last) (First) (Middle)

C/O ALIGN TECHNOLOGY INC.

410 NO. SCOTTSDALE RD., SUITE 1300

(Street)

TEMPE AZ 85281

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALIGN TECHNOLOGY INC [ ALGN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP, CHIEF LEGAL & REGULATORY

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2025		M		3,341	A	$0	8,033(1)	D
Common Stock	02/20/2025		F		965	D	$198.06	7,068	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$0.0001(2)	02/20/2025		M			222	(3)	(3)	Common Stock	222	$0	0	D
Restricted Stock Unit	$0.0001(2)	02/20/2025		M			292	(4)	(4)	Common Stock	292	$0	201	D
Market Stock Unit	$0.0001(2)	02/20/2025		M			1,690	(5)	(5)	Common Stock	1,690	$0	0	D
Restricted Stock Unit	$0.0001(2)	02/20/2025		M			539	(6)	(6)	Common Stock	539	$0	1,076	D
Restricted Stock Unit	$0.0001(2)	02/20/2025		M			598	(7)	(7)	Common Stock	598	$0	1,793	D
Restricted Stock Unit	$0.0001(2)	02/20/2025		A		3,788		(8)	(8)	Common Stock	3,788	$0	3,788	D
Market Stock Unit	$0.0001(2)	02/20/2025		A		7,692		(9)	(9)	Common Stock	7,692	$0	7,692	D

Explanation of Responses:

1. Includes 49 shares acquired on July 31, 2024 under the ALGN Employee Stock Purchase Plan.

2. Represents par value of ALGN common stock

3. 1/4th of the restricted stock unit granted on February 20, 2021 became vested on February 20, 2025 and shares were delivered to reporting person on such vest date.

4. 1/4th of the restricted stock unit granted on February 20, 2022 became vested on February 20, 2025 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 such vest date.

5. The market stock unit granted on February 20, 2022 became vested on February 20, 2025 and shares were delivered to reporting person on such vest date.

6. 1/4th of the restricted stock unit granted on February 20, 2023 became vested on February 20, 2025 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 such vest date.

7. 1/4th of the restricted stock unit granted on February 20, 2024 became vested on February 20, 2025 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on each such vest date.

8. 1/4th of the restricted stock unit granted on February 20, 2025 will become vested on February 20, 2026 and shares will be delivered to reporting person on such date. 1/4th of restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on such vest date.

9. 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).

	/s/ Julie Ann Coletti	02/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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