Stacy Durbin Nieuwoudt - 19 Jan 2023 Form 4 Insider Report for Independence Contract Drilling, Inc.

Role: Director
Signature: /s/ Philip A. Choyce, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 19 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 19 Jan 2023, 18:11:11 UTC
Previous filing: 26 May 2022
Next filing: 14 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ICD	Common Stock	Options Exercise		+8,130	+38%		29,647	19 Jan 2023	Direct	F1
holding	ICD	Common Stock						21,517	19 Jan 2023	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 Unit (Initial Grant)	Options Exercise		-8,130	-50%		8,130	19 Jan 2023	Common Stock	8,130		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 was granted a restricted stock unit (RSU) upon appointment to the Company's Board of Directors on 1/19/21 that vests in equal 1/3 installments on the first, second and third anniversaries of the date of grant. Each RSU entitles the reporting person to receive one share of commons tock upon vesting.