ALIGN TECHNOLOGY INC 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Unregistered Sales of Equity Securities None. Purchases of Equity Securities by the Issuer and Affiliated Purchasers The following table summarizes the stock repurchase activity for the three months ended September 30, 2021: Period Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Programs Approximate Dollar Value of Shares that May Yet Be Repurchased Under the Programs (1),(2) July 1, 2021 through July 31, 2021 36,988 $ 540.72 36,988 $ 900,000,000 August 1, 2021 through August 31, 2021 104,959 $ 762.56 104,959 $ 824,962,500 September 1, 2021 through September 30, 2021 23,007 $ 651.97 23,007 $ 824,962,500 Total 164,954 164,954 1 May 2018 Repurchase Program. On May 23, 2018, we announced that our Board of Directors authorized a $600 million share repurchase program. As of September 30, 2021, the authorization under the May 2018 Repurchase Program was completed. 2 May 2021 Repurchase Program. On May 13, 2021, we announced that our Board of Directors had authorized a plan to repurchase up to $1.0 billion of our common stock. The program does not have an expiration date. Subsequent to the third quarter, on October 29, 2021, we entered into an ASR to repurchase $100.0 million of our common stock. We paid $100.0 million and received an initial delivery of approximately 0.1 million shares based on current market prices. The final number of shares to be repurchased will be based on our volume-weighted average stock price under the terms of the ASR, less an agreed upon discount. See Note 9 “Common Stock Repurchase Programs” of the Notes to Condensed Consolidated Financial Statements for details on the repurchase programs. ITEM 3. DEFAULTS UPON SENIOR SECURITIES Not applicable. ITEM 4. MINE SAFETY DISCLOSURES Not applicable.