Align Technology (NASDAQ: ALGN) grants CEO new stock unit awards

Rhea-AI Filing Summary

ALIGN TECHNOLOGY INC President and CEO Joseph M. Hogan reported multiple equity transactions dated February 20, 2026. He received a grant of 19,144 Restricted Stock Units and 44,670 Market Stock Units, both at a stated price of $0.00 per unit. Several prior RSU and market stock unit awards vested and were exercised, resulting in the acquisition of 40,248 shares of common stock. To satisfy tax obligations, 16,107 common shares were withheld at $190.02 per share, leaving 209,270 common shares held directly. Additional common shares are held indirectly through the Hogan 2025 GRAT and by his spouse, as described in the footnotes.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HOGAN JOSEPH M

(Last) (First) (Middle)

C/O ALIGN TECHNOLOGY, INC.

410 N. SCOTTSDALE ROAD, SUITE 1300

(Street)

TEMPE AZ 85288

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		M		40,248	A	$0	225,377(1)	D
Common Stock	02/20/2026		F		16,107	D	$190.02	209,270	D
Common Stock								55,267	I	See Footnote(2)
Common Stock								1,500	I	See Footnote(3)

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(4)	02/20/2026		A		19,144		(5)	(5)	Common Stock	19,144	$0	19,144	D
Market Stock Unit	$0.0001(4)	02/20/2026		A		44,670		(6)	(6)	Common Stock	44,670	$0	44,670	D
Restricted Stock Unit	$0.0001(4)	02/20/2026		M			3,961	(7)	(7)	Common Stock	3,961	$0	11,882	D
Restricted Stock Unit	$0.0001(4)	02/20/2026		M			1,865	(8)	(8)	Common Stock	1,865	$0	0	D
Market Stock Unit	$0.0001(4)	02/20/2026		M			27,353	(9)	(9)	Common Stock	27,353	$0	0	D
Restricted Stock Unit	$0.0001(4)	02/20/2026		M			3,672	(10)	(10)	Common Stock	3,672	$0	3,672	D
Restricted Stock Unit	$0.0001(4)	02/20/2026		M			3,397	(11)	(11)	Common Stock	3,397	$0	6,794	D

Explanation of Responses:

1. Includes 184 shares acquired on January 30, 2026 under the ALGN Employee Stock Purchase Plan.

2. Shares are held by the Hogan 2025 GRAT, for which the Reporting Person serves as trustee.

3. 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.

4. Represents par value of ALGN common stock.

5. 1/4th of the restricted stock unit granted on February 20, 2026 will become vested on February 20, 2027 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.

6. 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).

7. 1/4th of the restricted stock unit granted on February 20, 2025 became vested on February 20, 2026 and shares were delivered to reporting person on such grant 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.

8. 1/4th of the restricted stock unit granted on February 20, 2022 became vested on February 20, 2026 and shares were delivered to reporting person on such grant date.

9. The market stock unit granted on February 20, 2023 became vested on February 20, 2026 and shares were delivered to reporting person on such vest date.

10. 1/4th of the restricted stock unit granted on February 20, 2023 became vested on February 20, 2026 and shares were delivered to reporting person on such grant 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.

11. 1/4th of the restricted stock unit granted on February 20, 2024 became vested on February 20, 2026 and shares were delivered to reporting person on such grant 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.

	/s/ Julie Ann Coletti, Attorney-in-Fact for Joseph Hogan	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did ALGN CEO Joseph M. Hogan receive in this Form 4?

Joseph M. Hogan received a grant of 19,144 Restricted Stock Units and 44,670 Market Stock Units on February 20, 2026, both at a stated price of $0.00 per unit, reflecting stock-based compensation rather than cash purchases.

How many Align Technology (ALGN) common shares did the CEO acquire through vesting and exercises?

On February 20, 2026, prior equity awards vested and were exercised into 40,248 shares of Align Technology common stock. These shares came from the conversion of Restricted Stock Units and Market Stock Units granted in earlier years under the company’s equity compensation programs.

How many Align (ALGN) shares were withheld from the CEO for taxes?

To cover tax obligations, 16,107 shares of Align common stock were withheld at $190.02 per share. This tax-withholding disposition reduces the number of shares retained from vesting events without representing an open-market sale by the executive.

What is the CEO’s direct Align Technology (ALGN) common share holding after these transactions?

Following the reported awards, vesting, and tax withholding, Joseph M. Hogan directly holds 209,270 shares of Align Technology common stock. This figure reflects his direct ownership position as of the February 20, 2026 transaction date disclosed in the Form 4.

How are indirect Align (ALGN) share holdings for the CEO structured?

Indirect holdings include shares in the Hogan 2025 GRAT, where he serves as trustee, and shares held by his spouse. The filing notes he disclaims beneficial ownership of the spouse’s shares, meaning they are reported but not treated as his personal economic interest.

How do the Market Stock Units granted to the ALGN CEO vest?

The Market Stock Units represent shares issuable at a target level, with up to 250% of target vesting if performance exceeds target. Vesting, if any, occurs on the last day of the third year of the performance period defined in the award agreement.