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Align Technology logoAlign Technology ALGN

The company said it plans to repurchase $225.0 million of its common stock on the open market under the stock repurchase program of $1.0 billion that its board approved in January 2023.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it plans to repurchase $225.0 million of its common stock on the open market under the stock repurchase program of $1.0 billion that its board approved in January 2023.

  2. The company said the $225 million repurchase will complete its entire stock repurchase program of $1.0 billion that the board approved in January 2023.

  3. The company said it will execute the repurchases under a Rule 10b5-1 trading plan and expects to complete them by early May 2025, funded with cash on hand.

  4. Align Technology said it had approximately 73.8 million shares outstanding and $1,043.9 million in cash and cash equivalents as of December 31, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Align Technology plans $225.0 million open market share repurchase

The company said it plans to repurchase $225.0 million of its common stock on the open market under the stock repurchase program of $1.0 billion that its board approved in January 2023.

Source · Based on the filing body and exhibits

Completion of existing $1.0 billion program

The company said the $225 million repurchase will complete its entire stock repurchase program of $1.0 billion that the board approved in January 2023.

Source · Based on the filing body and exhibits

Rule 10b5-1 plan and cash on hand funding

The company said it will execute the repurchases under a Rule 10b5-1 trading plan and expects to complete them by early May 2025, funded with cash on hand.

Source · Based on the filing body and exhibits

Shares outstanding and cash as of December 31, 2024

Align Technology said it had approximately 73.8 million shares outstanding and $1,043.9 million in cash and cash equivalents as of December 31, 2024.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.