Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 318

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 318
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ation of the Merger), in accordance with the terms of the Posner Employment Agreement and the Severance Plan, as described above. The definitions of

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“cause” and “good reason” applicable to each executive officer are contained in the Posner Employment Agreement and the Severance Plan, as applicable, and have not been modified in connection with the Merger or the transactions contemplated thereby. The following table presents certain information concerning the outstanding Cara stock options held by each of Cara’s executive officers and directors as of January 15, 2025 and describes the vesting of the awards determined without regard to the accelerated vesting that will occur upon consummation of the Merger:

| ​                  | ​             | ​ | Option Awards           |   |   |                                                               |   |       |   |   |   |                                                                 |   |       |   |   |   |                        |   |        |   |            |   |                      | ​ |
| Name               | ​             | ​ | VestingCommencementDate | ​ | ​ | Number ofSecuritiesUnderlyingUnexercisedOptionsExercisable(#) |   |       |   | ​ | ​ | Number ofSecuritiesUnderlyingUnexercisedOptionsUnexercisable(#) |   |       |   | ​ | ​ | OptionExercisePrice($) |   |        |   | ​          | ​ | OptionExpirationDate | ​ |
| Christopher Posner | ​             | ​ | 8/2/2018(1)             | ​ | ​ |                                                             ​ | ​ | 2,916 | ​ | ​ | ​ |                                                               ​ | ​ |     0 | ​ | ​ | ​ |                      ​ | ​ | 215.28 | ​ | ​          | ​ | 8/2/2028             | ​ |
| ​                  | 6/4/2019(2)   | ​ | ​                       | ​ | ​ |                                                           750 | ​ |     ​ | ​ | ​ | ​ |                                                               0 | ​ |     ​ | ​ | ​ | ​ |                 245.64 | ​ |      ​ | ​ | 6/4/2029   | ​ |                      |   |
| ​                  | 6/4/2020(2)   | ​ | ​                       | ​ | ​ |                                                           900 | ​ |     ​ | ​ | ​ | ​ |                                                               0 | ​ |     ​