Company: TVRD
Filing Date: 2025-10-07
Form Type: S-1/A
Source: 0001104659-25-097519
Chunk: 246

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-07
Form: S-1/A
Chunk 246
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 were eligible to participate in its employee benefit plans, in each case on the same basis as all of its other employees. These employee benefit plans included medical, dental, vision, short- and long-term disability and life and accidental dismemberment insurance plans. Legacy Tvardi paid the premiums for the medical, dental and vision insurance plans for certain of its named executive officers. Legacy Tvardi otherwise generally did not provide perquisites or personal benefits to its named executive officers. Following the Merger, the Company is continuing Legacy Tvardi’s employee benefits.

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Equity Benefit Plans

Tvardi believes that its ability to grant equity-based awards is a valuable and necessary compensation tool that aligns the long-term financial interests of Tvardi’s employees, consultants and directors with the financial interests of its stockholders. In addition, it believes that its ability to grant equity-based awards helps Tvardi to attract, retain and motivate employees, consultants and directors, and encourages them to devote their best efforts to its business and financial success. The principal features of its equity incentive plans are summarized below. The summaries are qualified in their entirety by reference to the actual text of the plans, which are filed as an exhibit to the registration statement of which this prospectus forms a part.

2025 Equity Incentive Plan

At a special meeting in April 2025, Cara’s stockholders considered and approved the Company’s 2025 Equity Incentive Plan (the “2025 Plan”), which became effective at the closing of the Merger and following the Reverse Stock Split.

The purpose of the 2025 Plan is to provide a means whereby the Company can secure and retain the services of employees, directors and consultants, to provide incentives for such persons to exert maximum efforts for the success of the Company and its affiliates and to provide a means by which such persons may be given an opportunity to benefit from increases in value of the Company’s common stock through the granting of awards under the 2025 Plan.

Eligibility. Any individual who is an employee of the Company or any of its affiliates, or any person who provides services to the Company or its affiliates, including members of the Company’s board of directors, is eligible to receive awards under the 2025 Plan at the discretion of the plan administrator. All of the Company’s nonemployee directors, employees and consultants are eligible to receive awards under the 2025 Plan.

Awards. The 2025 Plan provides for the grant of incentive stock options (“