Stacy Durbin Nieuwoudt - 19 Jan 2022 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role: Director
Signature: /s/ Philip A.Choyce, Attorney-in-Fact
Issuer symbol: ICD
Transactions as of: 19 Jan 2022
Transactions value $: $0
Form type: 4
Filing time: 21 Jan 2022, 11:58:13 UTC
Next filing: 14 Feb 2022
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		+8.13K			8.13K	19 Jan 2022	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		-8.13K	-33.33%		16.3K	19 Jan 2022	Common Stock	24.4K		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 a restricted stock unit award on 1/19/21, subject to a three-year vesting schedule, vesting 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant. ICD will settle vested RSU's within 30 days of the date that such RSU's vest.