secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001097149-24-000056
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Technology plans $275M open market stock repurchase under existing $1B program
--------------------------------------------------------------------------------

- Repurchase of $275M of common stock via open market under Board-approved $1.0B program from Jan 2023.
- Expected completion by end of January 2025; funded with cash on hand.
- As of Sept 30, 2024, Align had 74.8M shares outstanding and $1,041.9M cash.
- Repurchases will be executed under a Rule 10b5-1 trading plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000056/0001097149-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000056/algn-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001097149-24-000056

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