Common Stock and Stockholders' Equity (Deficit) (Tables)

6 Months Ended

Jul. 31, 2022

Class of Stock [Line Items]

Schedule of Reserved Shares of Common Stock for Future Issuance

The Company reserved shares of common stock for future issuance as follows:

	As of
	July 31, 2022		January 31, 2022
Options outstanding		10,583,909		12,381,134
Restricted stock units outstanding		11,985,438		10,406,294
Remaining shares available for future issuance under the 2021 Plan		23,084,726		17,560,879
2021 Employee Stock Purchase Plan		3,370,329		1,900,000
Total		49,024,402		42,248,307

Schedule of Stock Option Activity

The following table summarizes stock option activity for the 2021 Plans (aggregate intrinsic value in thousands):

	Options Outstanding
	Number of Options Outstanding			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in Years)		Aggregate Intrinsic Value
Balance as of January 31, 2022		12,381,134		$	1.93		5.7	$	798,374
Stock options exercised		(1,624,772	)	$	1.31			$	59,482
Stock options cancelled/forfeited/expired		(172,453	)	$	3.49
Balance as of July 31, 2022		10,583,909		$	2.00		5.3	$	362,442
Exercisable as of July 31, 2022		9,750,840		$	1.63		5.1	$	337,518

Schedule of Restricted Stock Units (RSUs") Activity

The Company’s summary of restricted stock units ("RSUs"), activity under the 2014 Plan and the 2021 Plan is as follows:

	Number of Awards			Weighted-Average Grant Date Fair Value
Outstanding and unvested at January 31, 2022		10,406,294		$	37.46
RSUs granted		4,639,945		$	46.14
RSUs released		(2,187,527	)	$	29.68
RSUs cancelled		(873,274	)	$	34.01
Outstanding and unvested at July 31, 2022		11,985,438		$	42.49

Summary of Stock-Based Compensation Expense

Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations is as follows (in thousands):

	Three Months Ended July 31,				Six Months Ended July 31,
	2022		2021		2022		2021
Cost of support	$	2,221	$	79	$	4,180	$	185
Cost of cloud-hosted services		686		2		1,326		5
Cost of professional services and other		652		12		1,380		24
Sales and marketing		14,421		531		28,814		1,223
Research and development		10,507		413		25,245		836
General and administrative		13,916		461		27,717		951
Stock-based compensation expense, net of amounts capitalized	$	42,403	$	1,498	$	88,662	$	3,224
Capitalized stock-based compensation		906		-		1,788		-
Total stock-based compensation expense	$	43,309	$	1,498	$	90,450	$	3,224