secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001097149-25-000008
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Technology to repurchase $225M of common stock to complete $1B buyback program
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- $225M open market repurchase completes $1.0B program approved Jan 2023.
- Expected completion by May 2025; funded from $1,043.9M cash on hand.
- As of Dec 31, 2024: ~73.8M shares outstanding and $1,043.9M cash.
- CFO cites strong balance sheet, cash flow, and confidence in growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714925000008/0001097149-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714925000008/algn-20250224.htm
  HTML page:      https://secwatch.observer/filing/0001097149-25-000008

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