Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 27

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 27
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 period of 0.9 years.

Note 10. Common Stock Repurchase Programs

In January 2023, our Board of Directors authorized a plan to repurchase up to $1.0 billion of our common stock (the “January 2023 Repurchase Program”). The January 2023 Repurchase Program was completed in its entirely in the second quarter of 2025.In April 2025, our Board of Directors authorized a plan to repurchase up to $1.0 billion of our common stock (the “April 2025 Repurchase Program”). The April 2025 Repurchase Program is expected to be completed over a period of up to three years. As of September 30, 2025, we have $928.4 million remaining available for repurchase under the April 2025 Repurchase Program.The following tables summarize the total repurchases of our common stock pursuant to Accelerated Share Repurchase (“ASR”) agreements and Open Market Repurchase (“OMR”) programs under the January 2023 and April 2025 Repurchase Programs:Accelerated Share Repurchase AgreementsAgreement DateRepurchase ProgramAmount Paid (in millions)CompletionDateTotal SharesReceivedAverage Price per ShareQ4 2023January 2023$250.0 Q1 20241,086,334 $230.13 Open Market RepurchasesAgreement DateRepurchase ProgramAmount Paid (in millions)CompletionDateTotal SharesReceivedAverage Price per ShareQ4 2023January 2023$100.0 Q4 2023465,518 $214.81 Q2 2024January 2023$150.0 Q2 2024598,302 $250.73 Q4 2024January 2023$275.0 Q1 20251,241,509 $221.50 Q1 2025January 2023$225.0 Q2 20251,339,124 $168.02 Q3 2025April 2025$71.6 N/A1523,203 $136.77 1 On August 5, 2025, we initiated a $200 million open market repurchase program which is expected to be completed in January 2026. The total number of shares to be repurchased and the average price per share are not determinable as of the filing of this Quarterly Report on Form