ALIGN Technology (ALGN) CFO receives stock grants and withholds shares for taxes

Rhea-AI Filing Summary

ALIGN TECHNOLOGY INC EVP and Chief Financial Officer John Morici reported multiple equity transactions involving restricted stock units, market stock units, and common stock. On February 20, 2026, he received a grant of 8,423 restricted stock units, which vest in four equal annual installments starting February 20, 2027.

He was also granted 17,102 market stock units, representing the target number of shares that may be issued; if performance exceeds target, up to 250% of this target may vest at the end of the three-year performance period. Several previously granted restricted stock units and a market stock unit vested and were converted into common shares through exercises coded as derivative conversions.

Following these transactions, Morici directly owned 16,085 shares of common stock, with 2,549 shares of common stock withheld at a price of $190.02 per share to cover tax obligations associated with the equity vesting.

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^*

Morici John

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CHIEF FINANCIAL OFFICER

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		7,848	A	$0	16,085	D
Common Stock	02/20/2026		F		2,549	D	$190.02	13,536	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(1)	02/20/2026		A		8,423		(2)	(2)	Common Stock	8,423	$0	8,423	D
Market Stock Unit	$0.0001(1)	02/20/2026		A		17,102		(3)	(3)	Common Stock	17,102	$0	17,102	D
Restricted Stock Unit	$0.0001(1)	02/20/2026		M			837	(4)	(4)	Common Stock	837	$0	1,674	D
Restricted Stock Unit	$0.0001(1)	02/20/2026		M			1,251	(5)	(5)	Common Stock	1,251	$0	3,750	D
Restricted Stock Unit	$0.0001(1)	02/20/2026		M			389	(6)	(6)	Common Stock	389	$0	0	D
Market Stock Unit	$0.0001(1)	02/20/2026		M			4,653	(7)	(7)	Common Stock	4,653	$0	0	D
Restricted Stock Unit	$0.0001(1)	02/20/2026		M			718	(8)	(8)	Common Stock	718	$0	718	D

Explanation of Responses:

1. Represents par value of ALGN common stock.

2. 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.

3. 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).

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

	/s/ Julie Ann Coletti, Attorney-in-Fact for John Morici	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 ALIGN TECHNOLOGY (ALGN) CFO John Morici receive?

John Morici received a grant of 8,423 restricted stock units and 17,102 market stock units. The restricted units vest over four years, while the market stock units vest based on performance at the end of a three-year period.

How do the new restricted stock units for ALGN’s CFO vest over time?

The 8,423 restricted stock units vest in four equal annual installments. One-quarter vests on February 20, 2027, with additional one-quarter installments vesting annually thereafter, and shares are delivered to the reporting person on each vesting date.

What is the performance structure of ALGN’s market stock units granted to the CFO?

The 17,102 market stock units represent the target number of shares. If performance exceeds target, up to 250% of the target amount may vest, with vesting, if any, occurring on the last day of the third year of the performance period.

Did John Morici dispose of any ALIGN TECHNOLOGY common stock in this Form 4?

Yes. 2,549 shares of common stock were disposed of at $190.02 per share in a tax-withholding transaction. These shares were delivered to cover tax liabilities related to the vesting and exercise of equity awards, not as an open-market sale.

How many ALIGN TECHNOLOGY common shares does the CFO hold after these transactions?

After the reported transactions, John Morici directly held 16,085 shares of ALIGN TECHNOLOGY common stock. This figure reflects shares acquired through equity award vesting and exercises, net of shares withheld to satisfy associated tax obligations.

Which earlier equity grants to ALGN’s CFO vested on February 20, 2026?

Portions of restricted stock units granted on February 20, 2022, 2023, 2024, and 2025 vested on February 20, 2026. A market stock unit granted on February 20, 2023 also vested on that date, with shares delivered to the reporting person.