---
schema_version: "secwatch.filing_event.v1"
accession: "0001097149-22-000062"
form_type: "8-K"
ticker: "ALGN"
cik: "0001097149"
company_name: "ALIGN TECHNOLOGY INC"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:22:13.824035+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Align Technology enters $200M accelerated share repurchase; CEO to buy $2M personally

## Summary
- Entered $200M accelerated share repurchase (ASR) with Goldman Sachs; initial delivery ~849,000 shares.
- Final share count based on volume-weighted average price during term; settlement by Feb 1, 2023.
- Funded with cash on hand; as of June 30, 2022, Align held $877.5M cash and 78.1M shares outstanding.
- CEO Joe Hogan intends to personally purchase $2.0 million of Align common stock.

## SEC filing metadata
- accession: 0001097149-22-000062
- form_type: 8-K
- ticker: ALGN
- cik: 0001097149
- company_name: ALIGN TECHNOLOGY INC
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097149/000109714922000062/0001097149-22-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097149/000109714922000062/algn-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001097149-22-000062
- JSON: https://secwatch.observer/filing/0001097149-22-000062.json
- Plain text: https://secwatch.observer/filing/0001097149-22-000062.txt

## Key facts
- Material Agreements
  ALIGN TECHNOLOGY INC entered into Accelerated Share Repurchase Agreement with Goldman Sachs & Co. LLC valued at $200 million (effective 2022-10-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Goldman Sachs & Co. LLC
  - Value: $200 million
  - Effective: 2022-10-28
  source text: On October 28, 2022, Align Technology, Inc., a Delaware corporation (the "Company") entered into an accelerated share repurchase agreement (the "ASR Contract") with Goldman Sachs & Co. LLC ("Goldman") to repurchase $200 million of Align's common stock authorized under the Company's $1.0 billion stock repurchase program announced on May 13, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097149/000109714922000062/0001097149-22-000062-index.htm

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