Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 646

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 646
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 bonus; and

(d) to the extent Mr. Posner’s equity awards have been continued, assumed, or substituted by the surviving entity in the Change in Control, then the equity awards will accelerate and vest in full effective as of his termination or resignation.

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TABLE OF CONTENTS

Outstanding Equity Awards at 2024 Fiscal-Year End The following table shows certain information regarding outstanding equity awards held by Cara’s named executive officers at December 31, 2024.

| ​                                                                      | ​          | ​ | ​          | ​ | ​ |                                                 Option Awards |   |        |   |   |   |                                                                 |   |          |   |   |   |                        |   |        |   |            |   |                      | ​ | ​ | Stock Awards                                              |   |   |   |   |   |                                                                |   |   |   | ​ |
| Name                                                                   | ​          | ​ | Grant date | ​ | ​ | Number ofsecuritiesunderlyingunexercisedoptions(#)exercisable |   |        |   | ​ | ​ | Number ofsecuritiesunderlyingunexercisedoptions(#)unexercisable |   |          |   | ​ | ​ | Optionexerciseprice($) |   |        |   | ​          | ​ | Optionexpirationdate | ​ | ​ | Number ofshares orunits of stockthat havenot vested(#)(1) |   |   |   | ​ | ​ | Marketvalue ofshares orunits ofstock thathave notvested( $)(2) |   |   |   | ​ |
| Christopher PosnerPresident and Chief ExecutiveOfficer                 | ​          | ​ | 8/2/2018   | ​ | ​ |                                                             ​ | ​ |  2,916 | ​ | ​ | ​ | ​                                                               | ​ | —        | ​ | ​ | ​ |                      ​ | ​ | 215.28 | ​ | ​          | ​ | 8/2/2028             | ​ | ​ | ​                                                         | ​ | — | ​ | ​ | ​ |                                                              ​ | ​ | — | ​ | ​ |
| ​                                                                      | 6/4/2019   | ​ | ​          | ​ | ​ |                                                           750 | ​ |      ​ | ​ | ​ | ​ | —                                                               | ​ | ​        | ​ | ​ | ​ |                 245.64 | ​ |      ​ | ​ |