Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 480

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 480
---
 share and per share data) (unaudited)

Basic and diluted net loss per share are computed as follows:

| ​                                           | ​ |                  ​ |         ​ | ​ |    ​ |         ​ |
| ​                                           | ​ | Three Months Ended |           |   |      |           |
| ​                                           | ​ |          March 31, |           |   |      |           |
| ​                                           |   |               2025 |           |   | 2024 |           |
| Net loss - basic and diluted                | ​ |                  $ |    -4,906 | ​ |    $ |   -30,696 |
| Weighted-average common shares outstanding: | ​ |                    |         ​ | ​ |      |           |
| Basic and diluted                           | ​ |                    | 1,524,116 | ​ |      | 1,516,336 |
| Net loss per share, basic and diluted:      | ​ |                  $ |     -3.22 | ​ |    $ |    -20.24 |

As of March 31, 2025, stock options and restricted stock units were outstanding, which could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted net loss per share because to do so would have been anti-dilutive as a result of the net loss for the period.

As of March 31, 2024, stock options and restricted stock units were outstanding, which could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted net loss per share because to do so would have been anti-dilutive as a result of the net loss for the period.

14. Stock-Based Compensation 2019 Inducement Plan In October 2019, Cara’s Board of Directors adopted the 2019 Inducement Plan (the “2019 Plan”) which was a non-stockholder approved stock plan adopted pursuant to the “inducement exception” provided under Nasdaq Listing Rule 5635(c)(4) (“Rule 5635”) for the purpose of awarding (i) non-statutory stock options, (ii) restricted stock awards, (iii) restricted stock unit awards, (iv) other stock awards (collectively, the Inducement Awards) to new employees of Cara, as inducement material to such new employees entering into employment with Cara. In November 2019, Cara filed a Registration Statement on Form S-8 with