Philip Dalrymple - Feb 27, 2022 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role: SR VICE PRESIDENT - OPERATIONS
Signature: /s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol: ICD
Transactions as of: Feb 27, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/1/2022, 12:24 PM
Previous filing: Feb 14, 2022
Next filing: Mar 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ICD	Common Stock	Award		+374	+3.36%		11.5K	Feb 27, 2022	Direct	F1
transaction	ICD	Common Stock	Options Exercise		+757	+6.58%		12.3K	Feb 27, 2022	Direct	F2
transaction	ICD	Common Stock	Tax liability		-336	-2.74%		11.9K	Feb 27, 2022	Direct	F3

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 Unit	Options Exercise		-374	-29.38%		899	Feb 27, 2022	Common Stock	374		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents number of shares issued upon vesting of a performance award
F2	The Reporting Person received was granted a restricted stock unit that vested on February 27, 2022. Each RSU entitled the reporting person to receive one share of common stock
F3	Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the PSU and RSU vesting.