ALGN · 8-K · 20261106PR000085

Capital Return Program

ALIGN TECHNOLOGY INC · 2026-11-06 · Importance 64 · Surprise 42 · In source text

Align entered into a $270 million accelerated stock repurchase agreement with Goldman Sachs under its $1.0 billion stock repurchase program, approved by the Board in April 2025. The company expects total 2026 share repurchases to reach approximately $500 million, with the ASR expected to be completed on or about December 29, 2026, subject to possible earlier completion. Align will fund the ASR from cash on hand; approximately $330 million is expected to remain available for future repurchases under the program. As of September 30, 2026, Align had approximately $1.145 billion in cash and cash equivalents.

Key facts

• On November 6, 2026, Align Technology entered into a $270 million accelerated stock repurchase agreement with Goldman Sachs under its $1.0 billion stock repurchase program approved in April 2025. source
• Align will prepay Goldman Sachs $270 million under the accelerated stock repurchase agreement. source
• The $270 million accelerated stock repurchase fulfills Align’s share repurchase commitment announced in July and is expected to bring total 2026 share repurchases to approximately $500 million. source
• Following the $270 million ASR, Align expects approximately $330 million to remain available for future repurchases under its $1.0 billion stock repurchase program. source
• Align’s ASR transaction is expected to be completed on or about December 29, 2026, although it may be completed earlier in certain circumstances. source
• The final number of shares repurchased under the ASR will generally be based on Align common stock’s volume-weighted average price during the ASR term, less an agreed discount. source

Impact estimates