{"schema_version":"secwatch.filing_event.v1","accession":"0001097149-23-000009","form_type":"8-K","ticker":"ALGN","cik":"0001097149","company_name":"ALIGN TECHNOLOGY INC","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.856657+00:00","generated_at":"2026-06-19T23:46:34.642567+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Align Technology enters $250M accelerated stock repurchase; CEO & CFO to buy shares","bullets":["Entered $250M ASR with Citibank under existing $1B repurchase program from May 2021.","Initial delivery of ~580k shares; final number based on VWAP less discount; settlement by April 26, 2023.","CEO Joe Hogan to purchase $1M, CFO John Morici $0.2M of ALGN common stock personally.","As of Dec 31, 2022, ALGN had ~77.3M shares outstanding and $1B in cash and marketable securities.","Funding from cash on hand; Citi will use designated brokers including CastleOak, Drexel Hamilton, Siebert Williams."],"urls":{"canonical":"https://secwatch.observer/filing/0001097149-23-000009","json":"https://secwatch.observer/filing/0001097149-23-000009.json","markdown":"https://secwatch.observer/filing/0001097149-23-000009.md","text":"https://secwatch.observer/filing/0001097149-23-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1097149/000109714923000009/0001097149-23-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1097149/000109714923000009/algn-20230203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T23:46:34.642567+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bafecc3e7da236ff8af6316063c60ccad224ecf1","claim":"ALIGN TECHNOLOGY INC entered into accelerated share repurchase agreement (the \"ASR Contract\") with Citibank, N.A. valued at $250 million (effective 2023-02-03).","evidence_excerpt":"On February 3, 2023, Align Technology, Inc., a Delaware corporation (the \"Company\") entered into an accelerated share repurchase agreement (the \"ASR Contract\") with Citibank, N.A. (\"Citi\") to repurchase $250 million of Align's common stock authorized under the Company's $1.0 billion stock repurchase program announced on May 13, 2021.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1097149/000109714923000009/0001097149-23-000009-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Value","value":"$250 million"},{"label":"Effective","value":"2023-02-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}