Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 627

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 627
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 common stock has been established in connection with the completion of this Merger, it will no longer be necessary for Tvardi’s board of directors to estimate the fair value of its common stock in connection with its accounting for stock options and other such awards Tvardi may grant, as the fair value of its common stock will be determined based on the quoted market price of its common stock.

Options Granted

The following table summarizes by grant date the number of shares subject to options granted from January 1, 2023 through the date of this proxy statement/prospectus, the per share exercise price of the

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TABLE OF CONTENTS

options, the per share fair value of common stock underlying the options on each grant date and the per share estimated fair value of the options:

| Grant Date       | ​ | ​ | Number ofShares Subject toOptions Granted |   |         |   | ​ | ​ | Per ShareExercise Priceof Options |   |      |   | ​ | ​ | Per ShareFair Value ofCommon Stock |   |         |   | ​ | ​ | Per ShareEstimated FairValue of Options |   |      |   | ​ |
|:-----------------|:--|:--|:------------------------------------------|:--|--------:|:--|:--|:--|:----------------------------------|:--|-----:|:--|:--|:--|:-----------------------------------|:--|--------:|:--|:--|:--|:----------------------------------------|:--|-----:|:--|:--|
| January 12, 2023 | ​ | ​ | ​                                         | ​ | 607,129 | ​ | ​ | ​ | ​                                 | $ | 0.82 | ​ | ​ | ​ | ​                                  | $ |    0.82 | ​ | ​ | ​ | ​                                       | $ | 0.52 | ​ | ​ |
| June 27, 2023    | ​ | ​ | ​                                         | ​ |  60,000 | ​ | ​ | ​ | ​                                 | $ | 0.82 | ​ | ​ | ​ | ​                                  | $ | 0.82(1) | ​ | ​ | ​ | ​                                       | $ | 0.52 | ​ | ​ |
| June 27, 2023    | ​ | ​ | ​                                         | ​ |  20,000 | ​ | ​ |