Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 647

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 647
---
 employment agreement).

If such termination occurs other than during the 12 month period following a Change in Control (as defined in the executive employment agreement), Mr. Posner will be eligible to receive the following enhanced severance benefits:

(a) an amount equal to 12 months of continued base salary, payable on Cara’s regular payroll dates;

(b) payment of applicable COBRA premiums for up to 12 months following termination;

(c) a lump-sum payment equal to his target bonus, pro-rated for the portion of the year he was employed; and

(d) 12 additional months of equity vesting.

If such termination occurs during the 12 month period following a Change in Control, Mr. Posner will be eligible to receive the following enhanced severance benefits:

(a) an amount equal to 18 months of continued base salary, payable on Cara’s regular payroll dates;

(b) payment of applicable COBRA premiums for up to 18 months following termination;

(c) a lump-sum payment equal to 1.5 times his target bonus; and

(d) to the extent Mr. Posner’s equity awards have been continued, assumed, or substituted by the surviving entity in the Change in Control, then the equity awards will accelerate and vest in full effective as of his termination or resignation.

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TABLE OF CONTENTS

Outstanding Equity Awards at 2024 Fiscal-Year End The following table shows certain information regarding outstanding equity awards held by Cara’s named executive officers at December 31, 2024.

| ​                                                                      | ​          | ​ | ​          | ​ | ​ |                                                 Option Awards |   |        |   |   |   |                                                                 |   |          |   |   |   |                        |   |        |   |            |   |                      | ​ | ​ | Stock Awards                                              |   |   |   |   |   |                                                                |   |   |   | ​ |
| Name                                                                   | ​          | ​ | Grant date | ​ | ​ | Number ofsecuritiesunderlyingunexercisedoptions(#)exercisable |   |        |   | ​ | ​ | Number ofsecuritiesunderlyingunexercisedoptions(#)unexercisable |   |          |   | ​ | ​ | Optionexerciseprice($) |   |        |   | ​          | ​ | Optionexpirationdate | ​ | ​ | Number ofshares orunits of stockthat havenot vested(#)(1) |   |   |   | ​