Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v3.22.1
Stock-Based Compensation
3 Months Ended
Apr. 30, 2022
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Summary of Stock Option Activity
A summary of the Company’s stock option activity for the Plan for the three months ended April 30, 2022 is as follows:
Number of stock options Weighted average exercise price Weighted average remaining contractual life
(in thousands) (in years)
Outstanding as of January 31, 2022
44,355  6.23  7.8
Exercised (1,404) 4.56 
Cancelled/forfeited (1,886) 7.73 
Outstanding as of April 30, 2022
41,065  6.22  7.4
Exercisable as of April 30, 2022
23,185  $ 5.07  7.0
Vested and expected to vest as of April 30, 2022
36,146  $ 5.87  7.3
Restricted Stock Units
A summary of the Company’s RSU award activity was as follows:
Number of restricted shares Weighted Average Grant Date Fair Value
(in thousands)
Outstanding as of January 31, 2022
1,730  $ 14.67 
Granted 6,537  13.19 
Released (60) 9.07 
Cancelled/forfeited (115) 13.39 
Outstanding as of April 30, 2022
8,092  $ 13.56 
Stock-Based Compensation Expense
Stock-based compensation expense included in operating results was allocated as follows (in thousands):
Three Months Ended April 30,
2022 2021
Costs of subscription $ 408  $ 378 
Costs of professional services 623  284 
Research and development 2,348  1,229 
Sales and marketing 5,856  4,201 
General and administrative 3,279  2,814 
Stock-based compensation, net of amounts capitalized 12,514  8,906 
Capitalized stock-based compensation 198  — 
Total stock-based compensation $ 12,712  $ 8,906 
Three Months Ended April 30,
2022 2021
Equity classified awards $ 12,462  $ 8,656 
Other awards (1)
250  250 
$ 12,712  $ 8,906 
(1) Nonemployee grant recorded over five years, representing the same period and in the same manner as if the grantor had paid cash for the services instead of paying with or using the share-based payment award.

As of April 30, 2022, total unrecognized compensation cost related to unvested awards not yet recognized under all equity compensation plans, adjusted for estimated forfeitures, was as follows:
April 30, 2022
Unrecognized expense Weighted average expense recognition period
(in thousands) (in years)
Stock options $ 36,515  2.6
Performance share units 2,110  2.8
Restricted stock units 52,714  3.8
ESPP 5,460  0.6