---
schema_version: "secwatch.filing_event.v1"
accession: "0001097149-23-000078"
form_type: "8-K"
ticker: "ALGN"
cik: "0001097149"
company_name: "ALIGN TECHNOLOGY INC"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:42:17.032617+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001097149-23-000078
- form_type: 8-K
- ticker: ALGN
- cik: 0001097149
- company_name: ALIGN TECHNOLOGY INC
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097149/000109714923000078/0001097149-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097149/000109714923000078/algn-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001097149-23-000078
- JSON: https://secwatch.observer/filing/0001097149-23-000078.json
- Plain text: https://secwatch.observer/filing/0001097149-23-000078.txt

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