Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 868

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 868
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3, none of these restricted stock units were outstanding as these restricted stock units were fully vested in February 2023.

A summary of restricted stock unit activity related to employees and non-employee members of the Company’s Board of Directors as of and for the year ended December 31, 2023 is as follows:

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TABLE OF CONTENTS

CARA THERAPEUTICS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(amounts in thousands, except share and per share data)

| ​                                                                           | ​ | ​ | Number ofUnits |   |         |   | ​ | ​ | WeightedAverage GrantDate Fair Value |   |        |   | ​ |
|:----------------------------------------------------------------------------|:--|:--|:---------------|:--|--------:|:--|:--|:--|:-------------------------------------|:--|-------:|:--|:--|
| Outstanding, December 31, 2022                                              | ​ | ​ | ​              | ​ |  31,043 | ​ | ​ | ​ | ​                                    | $ | 158.40 | ​ | ​ |
| Awarded                                                                     | ​ | ​ | ​              | ​ |  50,098 | ​ | ​ | ​ | ​                                    | ​ |  93.72 | ​ | ​ |
| Vested and released                                                         | ​ | ​ | ​              | ​ | -16,939 | ​ | ​ | ​ | ​                                    | ​ | 149.52 | ​ | ​ |
| Forfeited                                                                   | ​ | ​ | ​              | ​ | -17,008 | ​ | ​ | ​ | ​                                    | ​ | 107.52 | ​ | ​ |
| Outstanding, December 31, 2023                                              | ​ | ​ | ​              | ​ |  47,194 | ​ | ​ | ​ | ​                                    | $ | 111.24 | ​ | ​ |
| Restricted stock units exercisable (vested and deferred), December 31, 2023 | ​ | ​ | ​              | ​ |       — | ​ | ​ | ​ | ​                                    | ​ |      ​ | ​ | ​ |

Stock Options A summary of the Company’s stock option activity related to employees, non-employee members of the Board of Directors and non-employee consultants for the 2019 Plan and the 2014 Plan as of and for the year ended December 31