Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.3
Stock-Based Compensation (Tables)
 9 Months Ended
Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
A summary of the Company’s stock option activity for the nine months ended October 31, 2023 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, 2023
 33,049  $ 6.11  6.6
Granted 1,512  12.85 
Exercised (5,505) 5.86 
Cancelled/forfeited(1)
(3,602) 5.81 
Expired (5) 0.25 
Outstanding as of October 31, 2023
 25,449  $ 6.61  5.9
Exercisable as of October 31, 2023
 20,864  $ 5.69  5.4
Vested and expected to vest as of October 31, 2023
 24,844  $ 6.52  5.8
(1) 2,318,632 options tied to market conditions were cancelled during the second quarter as the applicable market conditions were not met by May 1, 2023.
Schedule of RSU Award Activity
A summary of the Company’s RSU activity for the nine months ended October 31, 2023 is as follows:
Number of restricted shares Weighted Average Grant Date Fair Value
(in thousands)
Outstanding as of January 31, 2023
 9,400  $ 12.23 
Granted 6,056  13.02 
Released (2,800) 12.63 
Cancelled/forfeited (2,152) 12.44 
Outstanding as of October 31, 2023
 10,504  $ 12.54 
Schedule of Stock-based Compensation Expense
Stock-based compensation expense included in operating results was allocated as follows:
Three Months Ended October 31, Nine Months Ended October 31,
(in thousands) 2023 2022 2023 2022
Costs of subscription $ 268  $ 282  $ 858  $ 1,079 
Costs of professional services 331  368  1,139  1,770 
Research and development 2,128  2,204  9,092  7,700 
Sales and marketing 6,132  5,071  18,398  18,736 
General and administrative 5,071  3,284  12,618  10,635 
Stock-based compensation, net of amounts capitalized 13,930  11,209  42,105  39,920 
Capitalized stock-based compensation 412  1,023  1,956  1,898 
Total stock-based compensation $ 14,342  $ 12,232  $ 44,061  $ 41,818