Align Technology officer reports initial holdings
Align Technology officer Jitse Marree filed an initial ownership statement showing direct holdings of 2,106 shares of Align common stock.
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Form Type
3
Rhea-AI Filing Summary
Align Technology officer Jitse Marree filed an initial ownership statement showing direct holdings of 2,106 shares of Align common stock. The filing also lists multiple equity awards, including restricted stock units and market stock units that can convert into common shares over time based on time-based vesting and, for market stock units, performance conditions.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Marree Jitse
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Market Stock Units | -- | -- | -- |
| holding | Market Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,829 contracts (Direct);
Market Stock Units — 4,611 contracts (Direct);
Common Stock — 2,106 shares (Direct)
Footnotes (7)
- F1. On February 20, 2023, the reporting person received an award of 906 restricted stock units ("RSUs"), vesting 25% on each anniversary of the grant date. The remaining 226 unvested shares will vest in full on February 20, 2027, and shares will be delivered to the reporting person on such vesting date.
- F2. Represents par value of ALGN common stock.
- F3. On February 20, 2024, the reporting person received an award of 905 RSUs, vesting 25% on each anniversary of the grant date. The remaining 452 unvested shares will vest in equal installments on February 20, 2027 and February 20, 2028, and shares will be delivered to the reporting person on each such vesting date.
- F4. On February 20, 2025, the reporting person received an award of 1,837 RSUs, vesting 25% on each anniversary of the grant date. The remaining 1,377 unvested shares will vest in equal installments on February 20, 2027, February 20, 2028, and February 20, 2029, and shares will be delivered to the reporting person on each such vesting date.
- F5. On February 20, 2026, the reporting person received an award of 2,774 RSUs, vesting 25% on each anniversary of the grant date, and shares will be delivered to the reporting person on each such vesting date.
- F6. Represents the number of shares which may be issued at target pursuant to the market stock units granted on February 20, 2025. 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 units occurs on the last day of the third year of the Performance Period (as defined in the market stock unit agreement).
- F7. Represents the number of shares which may be issued at target pursuant to the market stock units granted on February 20, 2026. 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 units occurs on the last day of the third year of the Performance Period (as defined in the market stock unit agreement).
Key Figures
Direct common shares: 2,106 shares
Market stock units 2025 grant: 1,837 underlying shares
Market stock units 2026 grant: 2,774 underlying shares
+5 more
8 metrics
Direct common shares
2,106 shares
Common Stock holdings following reported position
Market stock units 2025 grant
1,837 underlying shares
Target shares for 2025 market stock unit award
Market stock units 2026 grant
2,774 underlying shares
Target shares for 2026 market stock unit award
RSU award 2026
2,774 underlying shares
Restricted stock units granted February 20, 2026
RSU remaining 2025 grant
1,377 underlying shares
Unvested RSUs from February 20, 2025 award
RSU remaining 2024 grant
452 underlying shares
Unvested RSUs from February 20, 2024 award
RSU remaining 2023 grant
226 underlying shares
Unvested RSUs from February 20, 2023 award
Performance cap
250% of target
Maximum vesting for market stock units if performance exceeds target
Key Terms
Restricted stock units, Market stock units, Performance Period, par value
4 terms
Restricted stock units financial
"the reporting person received an award of 906 restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Market stock units financial
"Represents the number of shares which may be issued at target pursuant to the market stock units granted"
Performance Period financial
"the third year of the Performance Period (as defined in the market stock unit agreement)"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
par value financial
"Represents par value of ALGN common stock."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the ALGN Form 3 filing for Jitse Marree show?
The Form 3 shows Jitse Marree’s initial ownership in Align Technology (ALGN), including 2,106 common shares plus several restricted stock unit and market stock unit awards that may convert into shares over future vesting and performance periods.
What restricted stock unit awards are reported in the ALGN Form 3?
The Form 3 lists several restricted stock unit (RSU) awards with remaining unvested amounts of 2,774, 1,377, 452 and 226 underlying shares, each scheduled to vest in installments on specified future February 20 dates, subject to continued service.
What are market stock units in the Align Technology (ALGN) filing?
Market stock units are performance-based equity awards. The filing shows target amounts of 1,837 and 2,774 underlying shares. Footnotes state that if performance exceeds target, up to 250% of the target number of shares may ultimately vest.
Does the ALGN Form 3 indicate insider buying or selling activity?
The Form 3 primarily reports holdings and existing awards for Jitse Marree as of his reporting date. It does not show new open-market purchases or sales, but instead discloses his current ownership in common shares and equity-based compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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