Robert J. Barrett IV - 01 Jul 2024 Form 4 Insider Report for Independence Contract Drilling, Inc.

Role: Director
Signature: /s/ Philip A. Choyce, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 01 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 02 Jul 2024, 09:54:50 UTC
Previous filing: 29 Feb 2024
Next filing: 20 Dec 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		+6,837	+9.9%		75,961	01 Jul 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		-6,837	-50%		6,837	01 Jul 2024	Common Stock	6,837		Direct	F1
transaction	ICD	Phantom Stock Award	Options Exercise		-3,419	-50%		3,419	01 Jul 2024	Common Stock	3,419		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 received was granted a restricted stock unit that vested on July 1, 2024. Each RSU was settled 2/3 in shares of common stock and 1/3 in cash based upon the fair market value of the common stock on the vesting date.