LARKIN C RAYMOND JR 4

What Happened
C. Raymond Larkin Jr., a director of Align Technology (ALGN), reported derivative activity and an award on May 20, 2026. The Form 4 shows an exercise/conversion of 2,326 derivative shares at $0.00 (reported as both acquired and disposed in the filing) and a grant/award entry for 2,448 shares at $0.00. All transactions in the filing show a $0.00 per-share price, so no cash value is reflected on the Form 4.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (appears timely; Form 4 is generally required within two business days).
• Reported quantities and prices: exercised/converted 2,326 shares @ $0.00; award/grant of 2,448 shares @ $0.00. Total dollar amounts on the form are $0.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: 100% of RSUs granted May 21, 2025 vested on May 20, 2026 and shares were delivered to the reporting person.
  • F2: 100% of RSUs granted May 20, 2026 will vest on the earlier of May 20, 2027 or the next annual meeting; shares will be delivered upon vesting assuming continued service.

Context

• The filing primarily documents vesting/derivative conversion and an RSU award rather than an open-market purchase or sale; these are typically routine compensation events (not a market sale).
• “Exercise/conversion” of a derivative means converting an equity-based instrument (like an option or other derivative) into shares; because the per-share price is reported as $0.00, the Form 4 does not show cash paid.
• These transactions do not by themselves indicate insider buying or selling for investment reasons; they reflect compensation vesting and derivative conversion as described in the footnotes.