Saia Andrea Lynn 4

What Happened

• Andrea Saia, a director of Align Technology (ALGN), had 1,745 derivative units converted/settled on May 20, 2026 (reported as exercise/conversion, code M) and was also granted 1,836 restricted stock units (RSUs) on the same date (reported as a grant, code A). All transactions show $0 per share (no cash paid).
• The conversion/settlement resulted from RSUs that vested; the new 1,836 RSUs are an award that will vest in the future. These are compensatory transactions (not open-market purchases or sales).

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (filed within the 2-business-day window).
• Reported entries: M — 1,745 shares acquired @ $0.00 (exercise/conversion); M — 1,745 shares disposed @ $0.00 (derivative entry); A — 1,836 shares granted @ $0.00 (derivative/RSU).
• Shares owned after the transaction: 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, and shares will be delivered on vesting assuming continued service.
• No 10b5-1 plan, tax-withholding sale, or open-market sale is indicated in the excerpt; the entries reflect vesting/settlement and a new RSU grant.

Context

• The conversion reflects compensation-related vesting (routine for executives/directors) rather than a market purchase or a sale signaling sentiment. The new RSU grant is a restricted award that will vest later if service conditions are met.
• Derivative (M) codes here indicate conversion/settlement of equity awards rather than an option exercise for cash; no immediate open-market sale is shown in the disclosed lines.