Ordinary Shares

6 Months Ended

Oct. 31, 2020

Each holder of ordinary shares has the right to one vote per ordinary share. The holders of ordinary shares are also entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to the prior rights of holders of all classes of shares outstanding having priority rights to dividends. No dividends have been declared by the Company’s board of directors from inception through October 31, 2020.

Ordinary Shares Reserved for Issuance

The Company had reserved shares of ordinary shares for issuance as follows:


	As of October 31, 2020	As of April 30, 2020
Stock options issued and outstanding	10,757,903	15,260,506
RSUs issued and outstanding	2,617,676	2,472,092
Remaining shares available for future issuance under the 2012 Plan	16,612,806	12,461,850
Total ordinary shares reserved	29,988,385	30,194,448

Convertible Preference Shares

The Company's board of directors has the authority, without further action by the Company's shareholders, to issue up to 165 million shares of undesignated convertible preference shares with rights and preferences, including voting rights, designated from time to time by the board of directors. As of October 31, 2020, there were no convertible preference shares issued or outstanding.