Philip A. Choyce - 27 Feb 2024 Form 4 Insider Report for Independence Contract Drilling, Inc.

Role: EXECUTIVE VP & CFO
Signature: /s/ Philip A. Choyce
Issuer symbol: N/A
Transactions as of: 27 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 29 Feb 2024, 18:31:23 UTC
Previous filing: 13 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	Award		+141,525	+88%		301,925	27 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	Phantom Stock Unit	Award		+47,175	+100%		94,350	27 Feb 2024	Common Stock	47,175		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reporting person was granted a restricted stock award on February 27, 2024 that vests in equal 1/3 installments on the 1st, 2nd, and 3rd anniversary of the date of grant.
F2	The Reporting Person was granted a cash settled RSU on February 28, 2024 that vests in equal 1/3 increments on the 1st, 2nd and 3rd anniversary of the date of grant.