LACOB JOSEPH 4

What Happened Joseph Lacob, a director of Align Technology (ALGN), had 1,745 derivative units converted/exercised into common shares and simultaneously reported a disposition of 1,745 shares (both at $0.00) on May 20, 2026. On the same date he was granted 1,836 restricted stock units (RSUs) (reported as an award at $0.00). The filing shows no cash proceeds; these transactions reflect RSU vesting/conversion and a new RSU grant rather than an open-market buy or sale.

Key Details

• Date of transactions: May 20, 2026 (Form 4 filed May 22, 2026 — timely).
• Transactions reported:
  • Code M (exercise/conversion): 1,745 shares acquired @ $0.00 and 1,745 shares disposed @ $0.00 (derivative).
  • Code A (award/grant): 1,836 RSUs granted @ $0.00 (derivative).
• Shares owned after the reported transactions: not specified in the filing.
• Footnotes:
  • F1: Shares are held directly by a trust for the reporting person.
  • F2: The 1,745 shares reflect RSUs granted May 21, 2025 that vested May 20, 2026 and were delivered to Mr. Lacob.
  • F3: The 1,836 RSUs were granted May 20, 2026 and will vest on the earlier of May 20, 2027 or the next annual meeting, subject to continued service.
• Timeliness: Filing appears timely (reported May 20 transaction filed on May 22).

Context

• These transactions are compensation-related (vesting/conversion of RSUs and a new RSU grant) and do not represent a market purchase or a cash sale; they should be viewed as routine equity compensation activity rather than an explicit bullish or bearish trade signal.
• For retail investors: RSU vesting increases the director’s shareholdings but does not necessarily indicate a change in conviction; the new RSUs will vest in the future subject to service conditions.