Quarterly report pursuant to Section 13 or 15(d)

Convertible Preferred Stock and Stockholders Equity (Deficit)

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Convertible Preferred Stock and Stockholders Equity (Deficit)
3 Months Ended
Apr. 30, 2022
Equity [Abstract]  
Convertible Preferred Stock and Stockholders’ Equity (Deficit) Convertible Preferred Stock and Stockholders’ Equity (Deficit)
Convertible Preferred Stock
In February 2021, we issued to certain investors approximately 12.0 million shares of Series F convertible preferred stock at a purchase price of $62.28 per share, for an aggregate purchase price of $750.0 million.
Immediately prior to the completion of the IPO, all convertible preferred stock outstanding, totaling approximately 306.3 million shares, was automatically converted into an equivalent number of shares of Class A common stock on a one-to-one basis and its carrying value of $1,971.8 million was reclassified to stockholders’ equity.
No convertible preferred stock was outstanding as of April 30, 2022 and January 31, 2022, respectively.
Preferred Stock
In April 2021, we amended and restated our certificate of incorporation, which authorized 20.0 million shares of preferred stock.
Common Stock
In April 2021, we amended and restated our certificate of incorporation, which authorized a total of 2.0 billion shares of Class A common stock and 115.7 million shares of Class B common stock.
Each share of Class B common stock will convert automatically into Class A common stock, on a one-to-one basis, upon certain circumstances, including: (1) the sale or transfer of such share of Class B common stock (except under certain circumstances described in the amended and restated certificate of incorporation), (2) a date fixed by the board of directors that is no less than 120 days and no more than 180 days following the date that the number of shares of Class B common stock outstanding is less than 20% of the number of shares of Class B common stock outstanding immediately prior to the completion of the IPO, or (3) six months after the death or incapacity of Daniel Dines. The Class A common stock is entitled to one vote per share and the Class B common stock is entitled to thirty-five votes per share.
We have reserved 2.8 million shares of our Class A common stock to fund our social impact and environmental, social, and governance initiatives.
Accumulated Other Comprehensive Income (Loss)
For the three months ended April 30, 2022 and 2021, changes in the components of accumulated other comprehensive income (loss) were as follows (in thousands):
Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Marketable Securities Accumulated Other Comprehensive Income (Loss)
Balance as of January 31, 2022 $ 11,234  $ (335) $ 10,899 
Other comprehensive income (loss), net of tax (460) (458)
Balance as of April 30, 2022 $ 11,236  $ (795) $ 10,441 

Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Marketable Securities Accumulated Other Comprehensive Income (Loss)
Balance as of January 31, 2021 $ (12,504) $ (17) $ (12,521)
Other comprehensive income (loss), net of tax 4,254  (27) 4,227 
Balance as of April 30, 2021 $ (8,250) $ (44) $ (8,294)