---
schema_version: "secwatch.filing_event.v1"
accession: "0001097149-22-000029"
form_type: "8-K"
ticker: "ALGN"
cik: "0001097149"
company_name: "ALIGN TECHNOLOGY INC"
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T01:54:18.066462+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001097149-22-000029
- form_type: 8-K
- ticker: ALGN
- cik: 0001097149
- company_name: ALIGN TECHNOLOGY INC
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097149/000109714922000029/0001097149-22-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097149/000109714922000029/algn-20220429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001097149-22-000029
- JSON: https://secwatch.observer/filing/0001097149-22-000029.json
- Plain text: https://secwatch.observer/filing/0001097149-22-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.