Vitalone Britt J. 4

What Happened Britt J. Vitalone, a director of Align Technology (ALGN), had 1,443 derivative units converted into common shares and reported a matching disposition of 1,443 derivative units on May 20, 2026 (codes shown as M). On the same date she was granted 1,836 restricted stock units (RSUs) (code A). All transactions show a $0.00 per-share price (typical for vested RSUs/stock-settled conversions); no cash purchase was required. This is essentially an award/vesting event rather than an open-market buy or sale.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely filing).
• Reported items:
  • Conversion/exercise (M): 1,443 shares acquired @ $0.00.
  • Conversion/exercise (M): 1,443 shares disposed @ $0.00 (reported as derivative).
  • Grant/award (A): 1,836 RSUs acquired @ $0.00.
• Shares owned after transaction: not specified in this filing.
• Relevant footnotes from the filing:
  • F1: 100% of RSUs granted July 2, 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.
• No 10b5-1 plan, tax-withholding details, or late-filing flags were noted in the provided text.

Context

• Code M denotes conversion/exercise of a derivative (e.g., RSU vesting or option conversion); here the filing and footnote F1 indicate RSUs vested and shares were delivered. The matching "disposed" entry likely reflects reporting of the derivative instrument conversion; the filing clarifies shares were delivered to the director.
• This is an award/vesting event (neutral to mildly bullish from an insider-ownership perspective) rather than an open-market purchase or sale.