Align Technology enters $200M accelerated stock buyback; CEO to buy $2M shares

ALIGN TECHNOLOGY INC

ASR contract with Citibank to repurchase $200M of common stock under existing $1B program.
Initial delivery of ~552,000 shares; final count based on VWAP less discount through ~July 26, 2022.
Funded with cash on hand; as of Dec 31, 2021 Align had $1.1B cash and 78.7M shares outstanding.
CEO Joe Hogan intends to personally purchase $2.0 million of Align's common stock.

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