Gund Family Group Amends ALGN Stake, Maintains Significant Ownership

TL;DR

**Gund family still big in ALGN, showing long-term confidence.**

AI Summary

Gordon Gund and related trusts, including the Gordon & Llura Gund Foundation, have filed an amendment to their SC 13G/A, indicating their ownership of Align Technology Inc. common stock as of December 31, 2023. This filing, Amendment No. 17, shows that the Gund family group continues to hold a significant stake in Align Technology, a company known for its Invisalign products. This matters to investors because it signals continued confidence from a long-term, substantial shareholder group, which can be a positive indicator for the stock's stability and future prospects.

Why It Matters

This filing confirms that a major, long-standing shareholder group, the Gund family, continues to hold a substantial position in Align Technology, which can reassure other investors about the company's long-term value.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive ownership report and does not indicate any immediate change in the company's operations or financial health.

Analyst Insight

Investors should note the continued presence of a significant, long-term shareholder group, which can be a factor in assessing the stability of Align Technology's ownership structure, but this filing alone doesn't suggest immediate buying or selling action.

Key Players & Entities

• Gordon Gund (person) — a reporting person and part of the group holding Align Technology shares
• Align Technology, Inc. (company) — the subject company whose common stock is being reported
• Gordon & Llura Gund Foundation (company) — a group member reporting ownership of Align Technology shares
• Grant Gund (person) — a trustee for various Gund trusts reporting ownership
• December 31, 2023 (date) — the date of the event which requires the filing of this statement

Forward-Looking Statements

• The Gund family group will maintain their significant ownership stake in Align Technology for the foreseeable future. (Gordon Gund) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• d653237dsc13ga.htm (SC 13G/A) — 118KB
• d653237dex99a.htm (EX-99.A) — 6KB
• 0001193125-24-030121.txt ( ) — 126KB

From the Filing

SC 13G/A 1 d653237dsc13ga.htm SC 13G/A SC 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2 (Amendment No. 17) Align Technology, Inc. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class of Securities) 016255101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 016255101 13G/A Page 2 of 14 Pages 1 NAME OF REPORTING PERSONS Grant Gund, as trustee for the Gordon Gund Grant Gund #2 Trust, the Grant Gund 1999 Trust, the Gordon Gund - Grant Gund GST Article III Trust, the Gordon Gund - Grant Gund GST Article III-A Trust, the Llura Blair Gund Gift Trust, the Grant Owen Gund Gift Trust, the Kelsey Laidlaw Gund Gift Trust and the 2011 Grant Gund Descendants Trust and as sole manager of OLK Investments LLC and OLK Brookfield LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 884,603 6 SHARED VOTING POWER 171,000 7 SOLE DISPOSITIVE POWER 884,603 8 SHARED DISPOSITIVE POWER 171,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,055,603 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.4% 12 TYPE OF REPORTING PERSON IN CUSIP NO. 016255101 13G/A Page 3 of 14 Pages 1 NAME OF REPORTING PERSONS G. Zachary Gund, as trustee for the Gordon Gund G. Zachary Gund #2 Trust, the Z Coppermine Trust, the Gordon GundG. Zachary Gund GST Article III Trust, the Gordon Gund - G. Zachary Gund GST Article III-A Trust, the G. Zachary Gund Descendants Trust, the Georgia Swift Gund Gift Trust and the Grant Gund 2017 Remainder Trust and as sole manager of GCG Investments LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,284,279 6 SHARED VOTING POWER 3,000 7 SOLE DISPOSITIVE POWER 1,284,279 8 SHARED DISPOSITIVE POWER 3,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,287,279 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.7% 12 TYPE OF REPORTING PERSON IN CUSIP NO. 016255101 13G/A Page 4 of 14 Pages 1 NAME OF REPORTING PERSONS Gordon Gund, as the sole manager of Gund CLAT Investments, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 850,647 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 850,647 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 850,647 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.1% 12 TYPE OF REPORTING PERSON IN CUSIP NO. 016255101 13G/A Page 5 of 14 Pages 1 NAME OF REPORTING PERSONS Alison I. Glover, as trustee for the Llura Blair Gund Gift Trust, the Grant Owen Gund Gift Trust, the Kelsey Laidlaw Gund Gift Trust and the Georgia Swift Gund Gift Trust 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES B ENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 174,000 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 174,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 174,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EX

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