v3.22.2.2
Stock-Based Compensation (Tables)
 9 Months Ended
Oct. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value on Date of Grant The fair value of stock options was generally estimated on the date of grant using the following assumptions during the period:
Nine Months Ended October 31, 2021
Expected term (in years)
3.82 - 5.63
Risk-free interest rate
0.6% - 1.0%
Expected stock price volatility
36.1% - 37.1%
Dividend yield— %
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine fair value of the Company’s common shares to be issued under the ESPP for the offering periods beginning in June 2020:
Nine Months Ended October 31,
20222021
Expected term (in years)
0.5 - 2.0
0.5 - 2.0
Risk-free interest rate
0.1% - 3.4%
0.0% - 1.9%
Expected stock price volatility
39.6% - 67.4%
33.0% - 55.9%
Dividend yield— %— %
Schedule of Stock Option Activity The following table is a summary of stock option activity for the nine months ended October 31, 2022:
Number of
Shares		Weighted-Average
Exercise Price
Per Share
(in thousands)
Options outstanding at January 31, 20223,938 $8.48 
Granted2 $53.64 
Exercised(778)$8.22 
Canceled(38)$10.55 
Options outstanding at October 31, 20223,124 $8.56 
Options vested and expected to vest at October 31, 20223,124 $8.56 
Options exercisable at October 31, 20222,669 $7.94 
Share-Based Payment Arrangement, Restricted Stock Unit, Performance Stock Unit, and Special Performance Stock Unit Award, Activity
The following table is a summary of RSUs, PSUs and the Special PSU Awards activities for the nine months ended October 31, 2022:
Number of
Shares		Weighted-
Average Grant
Date Fair Value
Per Share
(in thousands)
RSUs and PSUs outstanding at January 31, 20227,886 $125.04 
Granted5,040 $186.91 
Released(2,581)$102.42 
Performance adjustment (1)
98 $194.19 
Forfeited(486)$164.74 
RSUs and PSUs outstanding at October 31, 20229,958 $160.97 
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(1)The performance adjustment represents adjustments in shares outstanding due to the actual achievement of performance-based awards, the achievement of which was based upon predefined financial performance targets.
Schedule of Stock-Based Compensation Expense Stock-based compensation expense included in the condensed consolidated statements of operations is as follows (in thousands):
Three Months Ended October 31,Nine Months Ended October 31,
2022202120222021
Subscription cost of revenue$8,108 $5,969 $21,957 $15,548 
Professional services cost of revenue4,093 2,546 10,596 6,963 
Sales and marketing41,895 25,499 109,172 68,178 
Research and development46,268 27,333 120,347 70,942 
General and administrative39,749 25,319 112,085 55,684 
Total stock-based compensation expense$140,113 $86,666 $374,157 $217,315