Kathrine Kokenes - Feb 10, 2022 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role: VP & CHIEF ACCOUNTING OFFICER
Signature: /s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol: ICD
Transactions as of: Feb 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/14/2022, 03:08 PM
Next filing: Mar 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ICD	Common Stock	Options Exercise		+214	+13.52%		1.8K	Feb 10, 2022	Direct	F1
holding	ICD	Common Stock						1.58K	Feb 10, 2022	Direct

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		-214	-42.89%		285	Feb 10, 2022	Common Stock	214	$0.00	Direct	F1
transaction	ICD	Phantom Stock Unit	Options Exercise		-107	-50%		107	Feb 10, 2022	Common Stock	107	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reporting person was granted a restricted stock award on 2.10.20, which vested on 2.10.2022. All RSUs were settled in stock.
F2	The reporting person was granted an RSU on 2/10/20 that vested on 2/10/22. Each unit is the economic equivalent of one share of common stock and was settled in cash.