John A. Gallegos Jr. - Oct 1, 2021 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role: PRESIDENT & CEO, Director
Signature: /s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol: ICD
Transactions as of: Oct 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/4/2021, 03:17 PM
Next filing: Dec 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ICD	Common Stock	Options Exercise		+2.97K	+7.54%		42.4K	Oct 1, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ICD	Restricted Stock Units	Options Exercise		-2.97K	-23.41%		9.72K	Oct 1, 2021	Common Stock		$0.00	Direct	F1
transaction	ICD	Restricted Stock Units	Tax liability		-957	-9.84%		8.77K	Oct 1, 2021	Common Stock			Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person received a restricted stock unit award, subject to a three-year vesting schedule, vesting 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant. ICD will settle vested RSU's within 30 days of the date that such RSU's vest.