Philip Dalrymple - 18 Mar 2023 Form 4 Insider Report for Independence Contract Drilling, Inc.

Role: SR VICE PRESIDENT - OPERATIONS
Signature: /s/ Philip A. Choyce, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 18 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 20 Mar 2023, 14:36:26 UTC
Previous filing: 14 Feb 2023
Next filing: 28 Dec 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		+32,266	+230%		46,306	18 Mar 2023	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 Unit	Options Exercise		-32,266	-22%		112,050	18 Mar 2023	Common Stock	32,266		Direct	F1
transaction	ICD	Restricted Stock Unit	Tax liability		-10,386	-9.3%		101,664	18 Mar 2023	Common Stock	10,386		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reporting person was granted an RSU on 3/18/22 that vests in 1/3 increments on (i) the 3/18/23, (ii) 12/31/23 and (iii) 12/31/24. RSUs are settled in shares of common stock.