Company: TVRD
Filing Date: 2025-01-27
Form Type: S-4/A
Source: 0001104659-25-006050
Chunk: 864

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-01-27
Form: S-4/A
Chunk 864
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        Weighted- 
          Average 
        Remaining 
 Contractual Term 
       (In Years) | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​               
 ​               
 ​               
 ​               
 Intrinsic Value 
 (In Thousands)  |     ​ 
     ​ 
     ​ 
     ​ |
|:----------------------------------------------------|:--|----------:|:--|:----------|-----:|:--|-----------------:|:--|:----------------|------:|
| Outstanding as of January 1, 2023                   | ​ | 4,828,500 | ​ | $         | 0.37 | ​ |             7.75 | ​ | $               | 2,152 |
| Granted                                             | ​ |   687,129 | ​ | ​         | 0.82 | ​ |                ​ | ​ | ​               |     ​ |
| Exercised                                           | ​ |    -6,250 | ​ | ​         | 0.31 | ​ |                ​ | ​ | ​               |     ​ |
| Outstanding as of December 31, 2023                 | ​ | 5,509,379 | ​ | $         | 0.43 | ​ |             7.04 | ​ | $               | 2,699 |
| Options exercisable as of December 31, 2023         | ​ | 3,658,422 | ​ | $         | 0.30 | ​ |             6.35 | ​ | $               | 2,264 |
| Vested and expected to vest as of December 31, 2023 | ​ | 5,509,379 | ​ | $         | 0.43 | ​ |             7.04 | ​ | $               | 2,699 |

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock options and the estimated fair value of the Company’s common stock for those stock options that had exercise prices lower than the estimated fair value of the Company’s common stock. The aggregate intrinsic value of stock options exercised during the years ended December 31, 2023 and 2022 was less than $0.1 million. The weighted-average grant-date fair value of options granted during the years ended December 31, 2023 and 2022 was $0.52 and $0.37