v3.23.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jul. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity The following table is a summary of stock option activity for the six months ended July 31, 2023:
Number of
Shares		Weighted-Average
Exercise Price
Per Share
(in thousands)
Options outstanding at January 31, 20232,869 $8.52 
Exercised(585)$7.05 
Canceled(4)$10.59 
Options outstanding at July 31, 20232,280 $8.90 
Options vested and expected to vest at July 31, 20232,280 $8.90 
Options exercisable at July 31, 20232,055 $8.62 
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 six months ended July 31, 2023:
Number of
Shares		Weighted-
Average Grant
Date Fair Value
Per Share
(in thousands)
RSUs and PSUs outstanding at January 31, 202310,050 $158.08 
Granted3,206 $133.99 
Released(1,944)$136.39 
Performance adjustment (1)
155 $211.22 
Forfeited(901)$163.35 
RSUs and PSUs outstanding at July 31, 202310,566 $156.24 
RSUs and PSUs ending vested and expected to vest at July 31, 202310,463 $155.53 
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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 pre-defined financial performance targets.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine the fair value of the Company’s common shares to be issued under the ESPP for the offering periods beginning in June 2020:
Six Months Ended July 31,
20232022
Expected term (in years)
0.5 - 2.0
0.5 - 2.0
Risk-free interest rate
0.2% - 5.2%
0.1% - 3.4%
Expected stock price volatility
46.3% - 61.2%
39.6% - 67.4%
Dividend yield— %— %
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 July 31,Six Months Ended July 31,
2023202220232022
Subscription cost of revenue$10,132 $7,271 $19,098 $13,849 
Professional services cost of revenue5,745 3,502 10,375 6,503 
Sales and marketing51,442 40,567 87,181 67,277 
Research and development46,985 40,043 91,366 74,079 
General and administrative50,473 40,167 87,613 72,336 
Total stock-based compensation expense$164,777 $131,550 $295,633 $234,044