Company: TVRD
Filing Date: 2025-10-20
Form Type: S-1/A
Source: 0001104659-25-100896
Chunk: 245

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-20
Form: S-1/A
Chunk 245
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Cara’s General Counsel, Secretary and Chief Compliance Officer | ​ | ​ |    ​ | ​ | 2024 | ​ | ​ | ​ |         ​ | ​ | 463,840 | ​ | ​ | ​ |                  ​ | ​ | 117,800 | ​ | ​ | ​ |                                          ​ | ​ | — | ​ | ​ | ​ |                           ​ | ​ | 11,217 | ​ | ​ | ​ |         ​ | ​ |   592,857 | ​ | ​ |

(1) Amounts reflect the grant date fair value of each option award granted, calculated in accordance with ASC 718. The amounts reflected for 2024 consist of stock options that contained performance conditions and assumes achievement of full performance and excludes the effect of forfeitures. See Performance-based Stock Options below. All of the option awards reported in the table above were granted under Cara’s 2014 Plan and had a term of ten years from the date of grant. The assumptions Cara used in calculating the grant date fair value of stock options are substantially similar to those set forth in Note 15 to Cara’s audited financial statements for the year ended December 31, 2024 included elsewhere in this prospectus. This amount does not reflect dollar amounts actually received by the executive officer or the economic value that may be received by the executive officer upon stock option exercise or any sale of the underlying shares of common stock. The performance conditions of the stock options granted in 2024 were not achieved and, accordingly, all of these stock options were forfeited. (2) Amounts reflect annual performance-based cash bonus awards earned by each applicable executive officer based on the Cara Compensation Committee’s assessment of Cara’s performance against corporate objectives determined by the Cara Compensation Committee which were communicated to such officer around the beginning of the fiscal year. For 2024, the corporate performance objectives were not met and, accordingly, no cash bonuses were earned for 2024. (3) Amounts reflect for 2024: (a) for Mr. Posner, $10,350 for 401(k) Plan safe harbor contribution, and $729 of life insurance premiums; (b) for Mr. Maynard $10,350 for 401(k) Plan safe harbor contribution, and $729 in life insurance premiums, and (c) for Mr. Terrillion, $10,350 for 401(k) Plan safe harbor contribution, and $867 of life insurance premiums. (4) The employment of each of Mr. Pos