Align Technology said it plans to repurchase $150 million of common stock on the open market under its $1.0 billion stock repurchase program, which the Board of Directors approved in January 2023.

1. 01

   Align Technology said it plans to repurchase $150 million of common stock on the open market under its $1.0 billion stock repurchase program, which the Board of Directors approved in January 2023.

2. 02

   The company said the open market repurchases will be executed under a Rule 10b5-1 trading plan and are expected to be completed by the end of July 2024, funded with cash on hand.

3. 03

   The company said the timing and number of shares repurchased will be based on an evaluation of market conditions and other factors, including stock price, trading volume, general business and market conditions, and capital availability.

4. 04

   The company said that as of March 31, 2024, it had approximately 75.3 million shares outstanding and $902.5 million in cash, cash equivalents and short-term and long-term marketable securities.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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