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Employee Incentive Plans
 3 Months Ended
Apr. 30, 2020
Share-based Payment Arrangement [Abstract]  
Employee Incentive Plans Employee Incentive Plans
The Company’s equity incentive plans provide for granting stock options, restricted stock units (RSUs) and restricted stock awards to employees, consultants, officers and directors. In addition, the Company offers an Employee Stock Purchase Plan (ESPP) to eligible employees.
Stock-based compensation expense was recorded in the following cost and expense categories in the Company’s condensed consolidated statements of operations (in thousands):  
 
Three Months Ended April 30,
 
2020
 
2019
 
(unaudited)
Cost of revenue
 
 
 
Subscription
$
3,975

 
$
2,422

Professional services and other
1,811

 
1,519

Research and development
11,935

 
6,346

Sales and marketing
11,160

 
6,786

General and administrative
8,847

 
5,612

Total
$
37,728

 
$
22,685


Stock-based compensation expense recorded to research and development in the condensed consolidated statements of operations excludes amounts that were capitalized related to internal-use software for the three months ended April 30, 2020 and 2019. See Note 7 for further details.
Equity Incentive Plans
The Company has two equity incentive plans: the 2009 Stock Plan (2009 Plan) and the 2017 Equity Incentive Plan (2017 Plan). All shares that remain available for future grants are under the 2017 Plan. As of April 30, 2020, options to purchase 1,285,569 shares of Class A common stock and 9,881,424 shares of Class B common stock remained outstanding.
Shares of common stock reserved for future issuance were as follows:
 
As of
 
April 30, 2020
 
(unaudited)
Stock options and unvested RSUs outstanding
16,057,236

Available for future stock option and RSU grants
21,816,827

Available for ESPP
4,880,235

 
42,754,298


Stock Options
A summary of the Company’s stock option activity and related information was as follows:  
 
Number of
Options 
 
Weighted-
Average
Exercise
Price 
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic 
Value
(in thousands)
Outstanding as of January 31, 2020
12,359,302

 
$
11.82

 
6.2
 
$
1,436,487

Granted
372,829

 
142.47

 
 
 
 
Exercised
(1,449,052
)
 
9.78

 
 
 
 
Canceled
(116,086
)
 
21.22

 
 
 
 
Outstanding as of April 30, 2020 (unaudited)
11,166,993

 
$
16.35

 
6.1
 
$
1,506,963

As of April 30, 2020
 
 
 
 
 
 
 
Vested and exercisable (unaudited)
8,283,315

 
$
9.27

 
5.7
 
$
1,176,501


As of April 30, 2020, there was a total of $45.6 million of unrecognized stock-based compensation expense, which is expected to be recognized over a weighted-average period of 1.6 years.
Restricted Stock Units
A summary of the Company’s RSU activities and related information was as follows:  
 
Number of
RSUs
 
Weighted-
Average
Grant Date Fair Value Per Share
Outstanding as of January 31, 2020
4,893,241

 
$
77.99

Granted
688,649

 
125.94

Vested
(517,323
)
 
67.51

Forfeited
(174,324
)
 
73.82

Outstanding as of April 30, 2020 (unaudited)
4,890,243

 
$
86.00


As of April 30, 2020, there was $368.2 million of unrecognized stock-based compensation expense related to unvested RSUs, which is expected to be recognized over a weighted-average period of 2.7 years based on vesting under the award service conditions.
Employee Stock Purchase Plan
As of April 30, 2020, there was $4.9 million of unrecognized stock-based compensation expense related to the ESPP that is expected to be recognized over an average vesting period of 0.4 years.