secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K/A
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001097149-22-000064
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Technology enters $200M accelerated stock repurchase; CEO plans $2M personal purchase
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- Align entered $200M ASR with Goldman Sachs to repurchase shares under $1B buyback program; initial delivery ~849k shares.
- CEO Joe Hogan intends to purchase $2M of Align common stock personally, following $2M purchase in May 2022.
- ASR funded from cash on hand; expected to complete by Feb 1, 2023. As of Sept 30, had $1.1B cash and $0 debt.
- Under $1B program, Align repurchased 1.321M shares at avg $416.39 (~$550M); ~$250M remains after this ASR.
- Filing corrects erroneous press release exhibit from Oct 28, 2022 original 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000064/0001097149-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000064/algn-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001097149-22-000064

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