secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001097149-24-000029
Event type: other
Sentiment:  positive
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Technology plans $150M stock repurchase by July 2024
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- $150M open market repurchase under existing $1.0B program approved Jan 2023.
- Repurchases expected to be completed by end of July 2024; funded with cash on hand.
- As of Mar 31, 2024: 75.3M shares outstanding, $902.5M cash & securities.
- CFO cites balance sheet strength and confidence in market opportunity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000029/0001097149-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000029/algn-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001097149-24-000029

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