Align Technology enters $250M accelerated share repurchase; CEO plans $1M personal stock purchase

ALIGN TECHNOLOGY INC

$250M ASR with Citibank; initial delivery ~1M shares; final count based on VWAP less discount.
ASR expected to complete by Jan 30, 2024, funded from cash on hand.
CEO Joe Hogan intends to personally purchase $1M of Align common stock.
ASR is part of $1B repurchase program authorized by Board in January 2023.
Citi to hedge through designated brokers including CastleOak, Drexel Hamilton, Siebert Williams Shank.

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