Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 151

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 151
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 AverageRemainingContractual Term (in years)AggregateIntrinsic Value(in thousands)Unvested as of December 31, 2024193 $679.14 Granted127 362.98 Vested and released1(30)878.35 Forfeited(27)638.92 Unvested as of September 30, 2025263 $507.88 1.6$32,997 1 Includes MSUs vested during the period below 100% of the original grant as actual shares released is based on our stock performance relative to a market index over the vesting period.As of September 30, 2025, we expect to recognize $52.1 million of total unamortized compensation costs, net of estimated forfeitures, related to MSUs over a weighted average period of 1.6 years.Restricted Stock Units with Performance Conditions (“PSUs”)Our PSUs typically include a service and performance condition. We recognize share-based compensation expense for PSUs if it is probable that the performance condition will be achieved. The following table summarizes the PSU performance activity for the nine months ended September 30, 2025:Number of SharesUnderlying PSUs(in thousands)Weighted Average Grant Date Fair ValueWeighted AverageRemainingContractual Term (in years)AggregateIntrinsic Value(in thousands)Unvested as of December 31, 202411 $204.33 Granted— — Vested and released (5)201.63 Forfeited— — Unvested as of September 30, 20256 $206.36 1.3$789 As of September 30, 2025, we expect to recognize $0.6 million of total unamortized compensation costs, net of estimated forfeitures, related to PSUs over a weighted average period of 1.3 years.Employee Stock Purchase PlanAs of September 30, 2025, we have 1,728,664 shares available for future issuance under the Align Technology, Inc. 2010 Employee Stock Purchase Plan (as amended and restated, the “2010 Purchase Plan”).The fair value of the option component of the 2010 Purchase Plan shares was estimated at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions: Nine Months EndedSeptember 30, 20252024Expected term (in years)1.21.3Expected volatility56.