Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 323

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 323
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 the Merger), a holder of outstanding awards experiences a termination by Cara without “cause” (and not including death or disability) or by the holder for “good reason,” then the vesting and, if applicable, exercisability of then-outstanding equity awards subject to time-based vesting held by such holder will accelerate in full upon the date of such termination of service. Messrs. Maynard and Terrillion are participants in the Severance Plan.

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Mr. Posner’s employment agreement provides that, in the event that, within the 12-month period immediately following a change in control (which includes consummation of the Merger), Mr. Posner experiences a termination of service by Cara other than for “cause” or Mr. Posner terminates his employment for “good reason,” then the vesting and, if applicable, exercisability of outstanding awards held by Mr. Posner will accelerate in full upon the date of such termination of service. The Cara Board has taken action to accelerate the vesting in full of all options and RSUs outstanding upon the consummation of the Merger. Indemnification and Insurance For a discussion of the indemnification and insurance provisions related to the Cara directors and officers under the Merger Agreement, please see the section titled, see the section titled “ The Merger Agreement — Other Agreements — Director Indemnification and Insurance. ” Ownership Interests of Tvardi Directors and Executive Officers As of January 15, 2025, Tvardi’s executive officers and directors and such directors affiliated funds beneficially owned, in the aggregate, approximately 26.38% of the shares of Tvardi common stock. See the section titled “ Principal Stockholders of Tvardi ” beginning on page 405of this proxy statement/prospectus for additional information. Certain Tvardi officers and directors, and their affiliates, have also entered into the Support Agreements in connection with the Merger. For a more detailed discussion of the Support Agreements, please see the section titled “ Agreements Related to the Merger ” beginning on page 214of this proxy statement/prospectus. Executive Officers of the Combined Company Following the Merger Immediately following the Merger, the executive management team of the combined company is expected to comprise of the following individuals with such additional officers as may be added by Tvardi or the combined company:

| Name                        | ​ | ​ | Position with theCombined Company                     | ​ | ​ | Current Position at