John A. Gallegos Jr. - 27 Feb 2024 Form 4 Insider Report for Independence Contract Drilling, Inc.

Role: PRESIDENT & CEO, Director
Signature: /s/ Philip A. Choyce, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 27 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 29 Feb 2024, 18:34:43 UTC
Previous filing: 13 Feb 2024
Next filing: 03 Apr 2025
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		+192,500	+46%		609,788	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		+96,250			96,250	27 Feb 2024	Common Stock	96,250		Direct	F2

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

Explanation of Responses:

Id	Content
F1	On February 27, 2024, reporting person was granted a restricted stock award that vest in equal 1/3 increments on the 1st, 2nd and 3rd anniversary of the date of grant
F2	On February 27, 2024, reporting person was granted a cash settled restricted stock unit that vests in equal 1/3 increments on the 1st, 2nd and 3rd anniversary of the grant date. Each RSU is settled in cash based upon the fair market value of a share of common stock on the vesting date.