Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 152

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 152
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2 %49.2 %Risk-free interest rate4.0 %4.6 %Expected dividends— — Weighted average fair value at grant date$64.94 $94.70 

21 

As of September 30, 2025, we expect to recognize $16.1 million of total unamortized compensation costs related to future employee stock purchases over a weighted average 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 202