Philip Dalrymple - 10 Feb 2024 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: 10 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 13 Feb 2024, 17:04:51 UTC
Previous filing: 03 Jan 2024
Next filing: 29 Feb 2024
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		+5,578	+7%		85,687	10 Feb 2024	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		-8,368	-15%		48,610	10 Feb 2024	Common Stock	8,368		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents vesting of a restricted stock unit award on Feb 10, 2024. Vested units were settled 2/3 in shares of common stock and 1/3 in cash (cash settlement based upon the market price per share n the vesting date: $2.00)