John A. Gallegos Jr. - Mar 18, 2023 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role: PRESIDENT & CEO, Director
Signature: /s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol: ICD
Transactions as of: Mar 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/20/2023, 02:44 PM
Previous filing: Feb 14, 2023
Next filing: Dec 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ICD	Common Stock	Options Exercise		+165K	+297.31%		220K	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 Units	Options Exercise		-165K	-22.54%		567K	Mar 18, 2023	Common Stock	165K		Direct	F1
transaction	ICD	Restricted Stock Units	Tax liability		-53.1K	-9.37%		514K	Mar 18, 2023	Common Stock	53.1K		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 an RSU on 3/18/22 that vests in three equal installments one each of 3/18/23, 12/31/23 and 12/31/24. Vested RSUs are settled in shares of common stock.