FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Gallegos John A. Jr.		 2. Issuer Name and Ticker or Trading Symbol

Independence Contract Drilling, Inc. [ ICD ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
PRESIDENT & CEO
(Last)          (First)          (Middle)

20475 HWY 249, SUITE 300		 3. Date of Earliest Transaction (MM/DD/YYYY)

2/10/2023
(Street)

HOUSTON, TX 77070
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2/10/2023  M  3688 A (1)47733 D 
 
Common Stock 2/10/2023  M  7736 A (2)55469 D 
 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Right  (1)2/10/2023  M     5532   (1) (1)Common Stock 5532  (1)0 D 
 
Restricted Stock Units  (3)2/10/2023  A   81009     (3) (3)Common Stock 81009  (3)738969 D 
 
Phantom Stock Unit  (4)2/10/2023  A   40506     (4) (4)Common Stock 40506  (4)44194 D 
 
Restricted Stock Units  (2)2/10/2023  M     7376   (2) (2)Common Stock 7376  (2)731593 D 
 
Phantom Stock Unit  (5)2/10/2023  M     3688   (5) (5)Common Stock 3688  (5)40506 D 
 
Explanation of Responses:
(1) Represents number of shares issued upon vesting of a performance award
(2) The reporting person was granted a restricted stock unit on 2/10/20 that vested on February 10, 2023. Each RSU was settled in shares of common stock.
(3) The reporting person received a restricted stock unit award, 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.
(4) Each Phantom stock unit is the economic equivalent to a share of ICD commons tock. The reporting person was granted a PSU that vests in three equal annual installments beginning 2/10/24. PSUs will be settled in cash.
(5) The reporting person was granted a phantom stock unit on 2/10/20 that vested on February 10, 2023. Each PSU was settled in shares of cash.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Gallegos John A. Jr.
20475 HWY 249, SUITE 300
HOUSTON, TX 77070		X
PRESIDENT & CEO
Signatures
/s/ Philip A. Choyce, Attorney-in-Fact2/14/2023
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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