secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001097149-22-000029
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000029/0001097149-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000029/algn-20220429.htm
  HTML page:      https://secwatch.observer/filing/0001097149-22-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer