Company: TVRD
Filing Date: 2025-10-20
Form Type: S-1/A
Source: 0001104659-25-100896
Chunk: 248

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-20
Form: S-1/A
Chunk 248
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 of its executive officers with those of its stockholders. Grants to executive officers and other employees were made at the discretion of Legacy Tvardi’s board of directors, are not made at any specific time during a year and were historically been made primarily in connection with the commencement of employment. No equity awards were granted to Legacy Tvardi’s named executive officers during 2024. Following the Merger, the Company’s equity-based incentive awards granted to its named executive officers are designed to align the interests of its named executive officers with those of its stockholders. Vesting of equity awards is generally tied to each officer’s continuous service with the Company and serves as an additional retention measure. Executives generally will be awarded an initial new hire grant upon commencement of employment and thereafter on an annual basis. Additional grants may occur periodically in order to specifically incentivize executives with respect to achieving certain corporate goals or to reward executives for exceptional performance. Unless and until the Board provides otherwise, all equity awards will be granted pursuant to our 2025 Equity Incentive Plan, the terms of which plan are described below under “— Equity Benefit Plans — 2025 Equity Incentive Plan .” Outstanding Equity Awards as of December 31, 2024 The following table provides information regarding outstanding equity awards of Legacy Tvardi held by its named executive officers as of December 31, 2024.

| ​                     | ​ | ​ | ​          | ​ | ​          | ​ | ​ | ​ | ​                       | ​ | ​          | ​ | ​ | ​ |                                        Option Awards(1)(2)(3) |   |         |   |   |   |                                                                 |   |        |   |   |   |                                 |   |      |   |   |   |                      |   |            |   | ​ |
| Name                  | ​ | ​ | GrantDate  |   |            |   | ​ | ​ | VestingCommencementDate |   |            |   | ​ | ​ | Number ofSecuritiesUnderlyingUnexercisedOptionsExercisable(#) |   |         |   | ​ | ​ | Number ofSecuritiesUnderlyingUnexercisedOptionsUnexercisable(#) |   |        |   | ​ | ​ | OptionExercisePrice PerShare($) |   |      |   | ​ | ​ | OptionExpirationDate |   |            |   | ​ |
| Imran Alibhai, Ph.D.  | ​ | ​ | ​          | ​