Philip A. Choyce - Mar 18, 2023 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role: EXECUTIVE VP & CFO
Signature: /s/ Philip A. Choyce
Stock symbol: ICD
Transactions as of: Mar 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/20/2023, 02:42 PM
Previous filing: Feb 14, 2023
Next filing: Nov 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ICD	Common Stock	Options Exercise		+57.4K	+144.84%		97K	Mar 18, 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		-57.4K	-21.92%		204K	Mar 18, 2023	Common Stock	57.4K		Direct	F1
transaction	ICD	Restricted Stock Unit	Tax liability		-18.5K	-9.04%		186K	Mar 18, 2023	Common Stock	18.5K		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) 3/18/23, (ii) 12/31/23 and (iii) 12/31/24. RSUs were settled in shares of common stock.