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[8-K] Align Technology Inc Reports Material Event

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(Neutral)
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(Neutral)
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8-K
Rhea-AI Filing Summary

Orrstown Financial Services (ORRF) President & CEO Thomas R. Quinn Jr. has filed a Form 4 for a 28 Jul 2025 transaction. A Code F line shows 6,598 restricted shares disposed at $34.55 (� $228 k) to cover withholding taxes triggered by vesting; this is not an open-market sale.

Post-transaction, Quinn still holds 8,918 time-vested restricted shares, 30,116 performance-based RSUs, and 86,453 common shares (62,621 jointly with his spouse)—roughly 125 k shares in total. No derivative securities were traded or granted. The event is routine and does not materially alter insider alignment with shareholders.

Il Presidente e CEO di Orrstown Financial Services (ORRF), Thomas R. Quinn Jr., ha presentato un Modulo 4 per una transazione del 28 luglio 2025. Una riga Codice F indica la cessione di 6.598 azioni vincolate al prezzo di 34,55 $ (circa 228 mila $) per coprire le imposte alla fonte derivanti dalla maturazione; non si tratta di una vendita sul mercato aperto.

Dopo la transazione, Quinn detiene ancora 8.918 azioni vincolate a tempo, 30.116 RSU basate sulle performance e 86.453 azioni ordinarie (di cui 62.621 in comproprietà con il coniuge), per un totale di circa 125 mila azioni. Non sono stati negoziati o concessi strumenti derivati. L'evento è di natura ordinaria e non modifica sostanzialmente l'allineamento degli insider con gli azionisti.

El Presidente y CEO de Orrstown Financial Services (ORRF), Thomas R. Quinn Jr., ha presentado un Formulario 4 para una transacción del 28 de julio de 2025. Una línea con Código F muestra la disposición de 6,598 acciones restringidas a $34.55 (� 228 mil $) para cubrir los impuestos retenidos derivados de la consolidación; no se trata de una venta en el mercado abierto.

Tras la transacción, Quinn aún posee 8,918 acciones restringidas con tiempo de consolidación, 30,116 RSU basadas en desempeño y 86,453 acciones comunes (62,621 en conjunto con su cónyuge), sumando aproximadamente 125 mil acciones en total. No se negociaron ni otorgaron valores derivados. El evento es rutinario y no altera materialmente la alineación del insider con los accionistas.

Orrstown Financial Services(ORRF)� 사장 � CEO� Thomas R. Quinn Jr.가 2025� 7� 28� 거래� 대� Form 4� 제출했습니다. 코드 F 항목에는 베스팅으� 인해 발생� 원천징수세를 충당하기 위해 6,598� 제한 주식� 주당 $34.55 (� 22� 8� 달러) 가격에 처분� 내용� 표시되어 있으�, 이는 공개 시장 매도가 아닙니다.

거래 � Quinn은 여전� 8,918� 시간 기준 제한 주식, 30,116� 성과 기반 RSU, 그리� 86,453� 보통�(배우자와 공동 소유� 62,621� 포함)� 보유하고 있어 � � 12� 5� �� 보유하고 있습니다. 파생 증권� 거래� 부여는 없었습니�. 이번 사건은 일상적인 것으� 내부자와 주주 간의 정렬� 실질적인 변화를 주지 않습니다.

Thomas R. Quinn Jr., président et PDG d'Orrstown Financial Services (ORRF), a déposé un formulaire 4 pour une transaction datée du 28 juillet 2025. Une ligne Code F indique la cession de 6 598 actions restreintes à 34,55 $ (� 228 000 $) afin de couvrir les impôts retenus à la source déclenchés par l'acquisition des droits ; il ne s'agit pas d'une vente sur le marché libre.

Après la transaction, Quinn détient toujours 8 918 actions restreintes à acquisition progressive, 30 116 RSU basées sur la performance et 86 453 actions ordinaires (dont 62 621 en indivision avec son conjoint) � soit environ 125 000 actions au total. Aucun titre dérivé n'a été négocié ou attribué. Cet événement est routinier et ne modifie pas significativement l'alignement des initiés avec les actionnaires.

Thomas R. Quinn Jr., Präsident und CEO von Orrstown Financial Services (ORRF), hat ein Formular 4 für eine Transaktion am 28. Juli 2025 eingereicht. Eine Zeile mit Code F zeigt den Verkauf von 6.598 eingeschränkten Aktien zu 34,55 $ (ca. 228.000 $) zur Deckung der Quellensteuer, die durch die Vesting ausgelöst wurde; dies ist kein Verkauf am offenen Markt.

Nach der Transaktion hält Quinn weiterhin 8.918 zeitlich beschränkte Aktien, 30.116 leistungsbasierte RSUs und 86.453 Stammaktien (davon 62.621 gemeinsam mit seiner Ehefrau) � insgesamt etwa 125.000 Aktien. Es wurden keine derivativen Wertpapiere gehandelt oder gewährt. Das Ereignis ist routinemäßig und ändert die Insider-Ausrichtung gegenüber den Aktionären nicht wesentlich.

Positive
  • CEO retains roughly 125 k shares, continuing a meaningful ownership stake that aligns management interests with shareholders
Negative
  • 6,598 shares were surrendered at $34.55, reducing direct holdings, though transaction was tax-related and not discretionary

Insights

TL;DR: Routine tax-withholding disposal; CEO retains sizeable stake, neutral for valuation.

The Code F classification indicates the shares were surrendered solely to satisfy payroll-tax obligations on vested awards. At � $228 k, the disposal is <1 % of the CEO’s total holdings and is not an open-market signal. No options were exercised, and aggregate insider ownership remains robust, supporting continued alignment. Market impact should be negligible unless compounded by further sales.

TL;DR: Governance-neutral filing; maintains strong insider ownership posture.

Quinn’s ownership after the event still exceeds 2 % of outstanding shares (estimate), well above typical alignment thresholds. Code F disposals are viewed as administrative rather than discretionary, so no governance red flags arise. Investors should monitor future Form 4s for pattern changes, but this single filing is procedurally routine.

Il Presidente e CEO di Orrstown Financial Services (ORRF), Thomas R. Quinn Jr., ha presentato un Modulo 4 per una transazione del 28 luglio 2025. Una riga Codice F indica la cessione di 6.598 azioni vincolate al prezzo di 34,55 $ (circa 228 mila $) per coprire le imposte alla fonte derivanti dalla maturazione; non si tratta di una vendita sul mercato aperto.

Dopo la transazione, Quinn detiene ancora 8.918 azioni vincolate a tempo, 30.116 RSU basate sulle performance e 86.453 azioni ordinarie (di cui 62.621 in comproprietà con il coniuge), per un totale di circa 125 mila azioni. Non sono stati negoziati o concessi strumenti derivati. L'evento è di natura ordinaria e non modifica sostanzialmente l'allineamento degli insider con gli azionisti.

El Presidente y CEO de Orrstown Financial Services (ORRF), Thomas R. Quinn Jr., ha presentado un Formulario 4 para una transacción del 28 de julio de 2025. Una línea con Código F muestra la disposición de 6,598 acciones restringidas a $34.55 (� 228 mil $) para cubrir los impuestos retenidos derivados de la consolidación; no se trata de una venta en el mercado abierto.

Tras la transacción, Quinn aún posee 8,918 acciones restringidas con tiempo de consolidación, 30,116 RSU basadas en desempeño y 86,453 acciones comunes (62,621 en conjunto con su cónyuge), sumando aproximadamente 125 mil acciones en total. No se negociaron ni otorgaron valores derivados. El evento es rutinario y no altera materialmente la alineación del insider con los accionistas.

Orrstown Financial Services(ORRF)� 사장 � CEO� Thomas R. Quinn Jr.가 2025� 7� 28� 거래� 대� Form 4� 제출했습니다. 코드 F 항목에는 베스팅으� 인해 발생� 원천징수세를 충당하기 위해 6,598� 제한 주식� 주당 $34.55 (� 22� 8� 달러) 가격에 처분� 내용� 표시되어 있으�, 이는 공개 시장 매도가 아닙니다.

거래 � Quinn은 여전� 8,918� 시간 기준 제한 주식, 30,116� 성과 기반 RSU, 그리� 86,453� 보통�(배우자와 공동 소유� 62,621� 포함)� 보유하고 있어 � � 12� 5� �� 보유하고 있습니다. 파생 증권� 거래� 부여는 없었습니�. 이번 사건은 일상적인 것으� 내부자와 주주 간의 정렬� 실질적인 변화를 주지 않습니다.

Thomas R. Quinn Jr., président et PDG d'Orrstown Financial Services (ORRF), a déposé un formulaire 4 pour une transaction datée du 28 juillet 2025. Une ligne Code F indique la cession de 6 598 actions restreintes à 34,55 $ (� 228 000 $) afin de couvrir les impôts retenus à la source déclenchés par l'acquisition des droits ; il ne s'agit pas d'une vente sur le marché libre.

Après la transaction, Quinn détient toujours 8 918 actions restreintes à acquisition progressive, 30 116 RSU basées sur la performance et 86 453 actions ordinaires (dont 62 621 en indivision avec son conjoint) � soit environ 125 000 actions au total. Aucun titre dérivé n'a été négocié ou attribué. Cet événement est routinier et ne modifie pas significativement l'alignement des initiés avec les actionnaires.

Thomas R. Quinn Jr., Präsident und CEO von Orrstown Financial Services (ORRF), hat ein Formular 4 für eine Transaktion am 28. Juli 2025 eingereicht. Eine Zeile mit Code F zeigt den Verkauf von 6.598 eingeschränkten Aktien zu 34,55 $ (ca. 228.000 $) zur Deckung der Quellensteuer, die durch die Vesting ausgelöst wurde; dies ist kein Verkauf am offenen Markt.

Nach der Transaktion hält Quinn weiterhin 8.918 zeitlich beschränkte Aktien, 30.116 leistungsbasierte RSUs und 86.453 Stammaktien (davon 62.621 gemeinsam mit seiner Ehefrau) � insgesamt etwa 125.000 Aktien. Es wurden keine derivativen Wertpapiere gehandelt oder gewährt. Das Ereignis ist routinemäßig und ändert die Insider-Ausrichtung gegenüber den Aktionären nicht wesentlich.

0001097149false00010971492025-07-302025-07-30


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 30, 2025

ALIGN TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware000-3225994-3267295
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

410 North Scottsdale Road, Suite 1300, Tempe, Arizona 85288
(Address of principal executive offices) (Zip Code)
(602) 742-2000
(Registrant’s telephone number, including area code)

Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.0001 par valueALGNThe NASDAQ Stock Market LLC
(NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17  CFR §240.12b-2). 
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.







Item 2.02    Results of Operations and Financial Condition.

On July 30, 2025, Align Technology, Inc. issued a press release and will hold a conference call regarding its financial results for its second quarter ended June 30, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

This information is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.Description
99.1
Press Release of Align Technology, Inc. announcing its second quarter ended June 30, 2025 financial results
104Cover Page Interactive Data File (embedded within the Inline XBRL document)






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALIGN TECHNOLOGY, INC.
By:/s/ John F. Morici
John F. Morici
Chief Financial Officer and Executive Vice President, Global Finance

Date: July 30, 2025







FAQ

How many ORRF shares did CEO Thomas R. Quinn Jr. dispose of?

He surrendered 6,598 restricted shares on 28 Jul 2025.

What does Code F mean on a Form 4 filing?

Code F signifies shares withheld or delivered solely to pay taxes owed on vested equity, not an open-market sale.

How many Orrstown Financial shares does the CEO own after the transaction?

Quinn still owns about 125 k shares in total: 8,918 restricted, 30,116 RSUs, and 86,453 common shares.

Was any derivative security activity reported?

No; the filing shows no options, warrants, or other derivative transactions.

Is this Form 4 likely to impact ORRF stock price?

Given the routine, tax-related nature and small size relative to holdings, material price impact is unlikely.
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