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AI brief of an SEC Form 8-K · Align Technology (ALGN)

Align Technology Enters $270 Million Accelerated Stock Repurchase With Goldman Sachs

Neutral Impact 3 of 5 shareholder

Align Technology entered an accelerated share repurchase agreement with Goldman Sachs to buy back $270 million of its common stock, funded with cash on hand. The company expects to complete the transaction by about December 29, 2026, and says the deal brings its total 2026 share repurchases to approximately $500 million.

Key points

  • ASR of $270 million, with a $270 million prepayment to Goldman Sachs made under the agreement dated November 5, 2026
  • Initial delivery of approximately 1.44 million shares; final share count depends on volume-weighted average price less a discount
  • Approximately $330 million remains under the $1.0 billion repurchase program after this transaction; cash and equivalents were about $1.145 billion as of September 30, 2026
  • Final settlement expected no later than about December 29, 2026

The filing

CompanyAlign Technology (ALGN)
Form8-K, current report
Filed with the SECNov 5, 2026, 9:13 PM ET
Accession number0001097149-26-000085

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.