secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001097149-22-000062
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000062/0001097149-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000062/algn-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001097149-22-000062

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