Company: TVRD
Filing Date: 2025-10-20
Form Type: S-1/A
Source: 0001104659-25-100896
Chunk: 249

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-20
Form: S-1/A
Chunk 249
---
 | ​ |                                                               ​ | ​ | 24,119 | ​ | ​ | ​ |                               ​ | ​ | 4.70 | ​ | ​ | ​ | ​                    | ​ | 02/03/2032 | ​ | ​ |

(1) All of the option awards were granted under the 2018 Plan, the terms of which plan are described below under “— Equity Benefit Plans — 2018 Stock Incentive Plan .” (2) Stock option awards vest over a period of four years with 25% of the shares underlying the option vesting on the one-year anniversary of the vesting commencement date and 1/48th of the shares underlying the option vesting on a monthly basis thereafter, subject to continued service through each vesting date. (3) Upon the closing of the Merger, the Company assumed the 2018 Plan, as well as the outstanding awards granted thereunder and the award agreements evidencing the grants of such awards, including any awards granted to Tvardi’s named executive officers, in each case subject to applicable adjustments in the manner set forth in the Merger Agreement to such awards. The share numbers and option exercise prices listed in this table reflect such adjustments. Awards held by certain of Legacy Tvardi’s named executive officers are eligible for accelerated vesting under specified circumstances. Please see the subsection titled “— Potential Payments and Benefits Upon Termination or Change in Control ” below for a description of such potential acceleration.

153

TABLE OF CONTENTS

The following table shows certain information regarding outstanding equity awards held by Cara’s named executive officers as of December, 2024.

| ​                  | ​          | ​ | ​          | ​ | ​ |                                              Option Awards(8) |   |       |   |   |   |                                                                 |   |          |   |   |   |                        |   |        |   |            |   |                      | ​ | ​ | Stock Awards(8)                                           |   |        |   |   |   |                                                                |   |          |   | ​ |
| Name               | ​          | ​ | Grant date | ​ | ​ | Number ofsecuritiesunderlyingunexercisedoptions(#)exercisable |   |       |   | ​ | ​ | Number ofsecuritiesunderlyingunexercisedoptions(#)unexercisable |   |          |   | ​ | ​ | Optionexerciseprice($) |   |        |   | ​          | ​ | Optionexpirationdate |