Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 95

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 95
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centive Plan awards, together with the shares remaining available for grant under the Incentive Plan which as of February 28, 2025, was 998,018 shares after applying the 1.9 fungible share ratio assuming all future awards are granted as RSUs (commonly referred to as the “overhang”), represent approximately 3.74% of our outstanding shares of common stock. Subject to approval by our stockholders, the overhang after taking into account the number of shares requested under the Incentive Plan Amendment (which would be an additional 1,315,789 shares assuming all future awards are granted as RSUs), will be approximately 5.53% (which includes currently outstanding stock awards, plus shares available for grant under our current available pool and the proposed pool under the Incentive Plan, after applying the 1.9 fungible share ratio for awards granted as RSUs, and excluding our ESPP and any purchase rights thereunder).

Under the heading “Equity Compensation Plan Information” as required by Securities and Exchange Commission rules set forth below, we provide information about shares of our common stock that may be issued under our equity compensation plans as of December 31, 2024. To facilitate the approval of the Incentive Plan Amendment, set forth below is certain additional information. As of the close of trading on the Nasdaq on February 28, 2025:

a. 73,726,315 share s of our common stock wer e outstanding.

b. The market value of one share of our common stock was $187.03.

c. The number of shares remaining available for future grants, under the Incentive Plan was 1,896,236. The proposed Incentive Plan Amendment would increase the number of available shares for future grants under the Incentive Plan to 4,396,236. However, due to the 1.9 fungible share ratio that applies to shares issued pursuant to RSUs granted under the Incentive Plan, the actual number of available shares for future grants if made solely in the form of RSUs under the Incentive Plan would be lower. Thus, the number of shares remaining available if all future grants were solely RSUs under the Incentive Plan would be 998,018, and the proposed Incentive Plan Amendment would increase the number of available shares if all future grants were solely RSUs under the Incentive Plan, to 2,313,808.

#### Historical Burn Rate
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