Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 841

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 841
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 the completion of the first year of the three-year vesting period, an aggregate of 2,722 time-based restricted stock units of various executive officers vested and were settled in shares of the Company’s common stock (see Note 15, Stock-Based Compensation ). 12. Fair Value Measurements The following tables summarize the Company’s financial assets measured at fair value on a recurring basis as of December 31, 2023 and 2022, and by level within the fair value hierarchy: Fair value measurement as of December 31, 2023: Financial assets

| Type of Instrument                        
 Cash and cash equivalents:                | ​ 
 ​ | ​ 
 ​ | Total 
 ​     | ​ |       ​ | ​ | ​ 
 ​ | ​ 
 ​ | Quoted prices inactive markets foridentical assets(Level 1) 
 ​                                                           | ​ |      ​ | ​ | ​ 
 ​ | ​ 
 ​ | Significant otherobservableinputs(Level 2) 
 ​                                          | ​ |      ​ | ​ | ​ 
 ​ | ​ 
 ​ | Significantunobservableinputs(Level 3) 
 ​                                      | ​ | ​ | ​ | ​ 
 ​ |
|:------------------------------------------|:--|:--|:------|:--|--------:|:--|:--|:--|:------------------------------------------------------------|:--|-------:|:--|:--|:--|:-------------------------------------------|:--|-------:|:--|:--|:--|:---------------------------------------|:--|:--|:--|:--|
| Money market funds and checking accounts  | ​ | ​ | ​     | $ |  51,775 | ​ | ​ | ​ | ​                                                           | $ | 51,775 | ​ | ​ | ​ | ​                                          | $ |      — | ​ | ​ | ​ | ​                                      | $ | — | ​ | ​ |
| Available-for-sale marketable securities: | ​ | ​ | ​     | ​ |       ​ | ​ | ​ | ​ | ​                                                           | ​ |      ​ | ​ | ​ | ​ | ​                                          | ​ |      ​ | ​ | ​ | ​ | ​                                      | ​ | ​ | ​ | ​ |
| U.S. Treasury securities                  | ​ | ​ | ​     | ​ |  37,246 | ​ | ​ | ​ | ​                                                           | ​ |      — | ​ | ​ | ​ | ​                                          | ​ | 37,246 | ​ | ​ |