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Equity Incentive Plans (Tables)
12 Months Ended
Feb. 04, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Estimate Fair Value of Employee Stock Options and Employee Purchase Plan The assumptions used for the periods presented are as follows:
 Fiscal Year Ended
 202220232024
Expected term (in years)
0.5 - 2.0
0.5 - 2.0
0.5 - 2.0
Expected volatility
44% - 61%
45% - 54%
38% - 44%
Risk-free interest rate
0.1% - 0.2%
0.9% - 4.0%
4.1% - 5.5%
Dividend rate
Fair value of common stock
$23.63 - $26.69
$28.73 - $31.68
$24.12 - $35.91
Summary of Stock Option Activity Under Equity Incentive Plans and Related Information
A summary of the stock option activity under our equity incentive plans and related information is as follows:
 Options Outstanding
 Number of
Shares
Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
(in thousands)
Balance at the end of fiscal 20239,268,498 $10.90 2.7$176,674 
Options exercised(4,770,168)8.33   
Options forfeited(4,396)1.93   
Balance at the end of fiscal 20244,493,934 $13.63 2.3$129,065 
Vested and exercisable at the end of fiscal 20244,474,328 $13.58 2.3$128,275 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of the RSU activity under our equity incentive plans and related information is as follows:
Number of RSUs Outstanding
Weighted-Average Grant Date Fair ValueAggregate Intrinsic Value
(in thousands)
Unvested balance at the end of fiscal 202324,615,404 $24.61 $736,247 
Granted15,421,396 26.41 
Vested(12,259,752)22.45 
Forfeited(3,433,974)25.09 
Unvested balance at the end of fiscal 202424,343,074 $26.77 $1,028,495 
Summarizes of Share-Based Payment Arrangement, Performance Restricted Stock Unit, Activity A summary of the PRSU activity under our equity incentive plans and related information is as follows:
Number of PRSUs Outstanding
Weighted-Average Grant Date Fair ValueAggregate Intrinsic Value
(in thousands)
Unvested balance at the end of fiscal 20232,145,116 $26.51 $64,160 
Granted (1)
2,169,711 25.79 
Vested and earned (2)
(1,778,158)26.65 
Forfeited (3)
(266,072)27.23 
Unvested balance at the end of fiscal 20242,270,597 $25.64 $95,933 
_________________________________
(1) Includes approximately (i) 1.6 million shares that may be earned at the target percentage of 100% depending on the achievement of fiscal 2024 performance conditions and (ii) an additional 0.6 million shares earned based on the actual achievement of fiscal 2023 performance conditions.
(2) Represents the number of shares earned in which the service condition has also been satisfied.
(3) Represents the number of shares granted under the PRSU awards that were forfeited due to termination of employment.
Schedule of LTP awards activity under our equity incentive plans
A summary of LTP Awards activity under our 2015 Plan is as follows:
Number of LTP Awards Outstanding
Weighted-Average Grant Date Fair ValueAggregate Intrinsic Value
(in thousands)
Unvested balance at the end of fiscal 2023— $— $— 
Granted (1)
4,209,985 17.56 
Forfeited (2)
(203,381)17.56 
Unvested balance at the end of fiscal 20244,006,604 $17.56 $169,279 
_________________________________
(1) Represents the maximum number of shares that could be earned. Of the 4.2 million shares granted under the LTP Awards, no shares were earned at the end of fiscal 2024.
(2) Represents the number of shares granted under the LTP Awards that were forfeited due to termination of employment.
Summarizes the Components of Stock-Based Compensation
The following table summarizes the components of stock-based compensation expense recognized in the consolidated statements of operations (in thousands):
 Fiscal Year Ended
 202220232024
Cost of revenue—product$6,334 $10,245 $9,670 
Cost of revenue—subscription services21,240 22,630 25,412 
Research and development142,264 161,694 167,294 
Sales and marketing71,439 72,507 74,746 
General and administrative45,686 60,541 54,305 
Total stock-based compensation expense, net of amounts capitalized (1)
$286,963 $327,617 $331,427 
_________________________________
(1) Stock-based compensation expense capitalized was $2.2 million, $2.1 million, and $5.7 million during fiscal 2022, 2023 and 2024.