Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 657

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 657
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 $171,495. All such bonuses are reflected in the “Bonus” column of the Summary Compensation Table above. Equity-Based Incentive Awards Tvardi’s equity award program is the primary vehicle for offering long-term incentives to its executive officers. Tvardi believes that equity awards provide its executives with a strong link to its long-term performance, create an ownership culture, help align the interests of its executives and its stockholders and promote retention of its executive officers and other employees. To date, Tvardi has used stock option grants for this purpose because it believes they are an effective means by which to align the long-term interests of its executive officers with those of its stockholders. Grants to executive officers and other employees are made at the discretion of Tvardi’s board of directors, are not made at any specific time during a year and have historically been made primarily in connection with the commencement of employment. In January 2023, in connection with his commencement of employment with Tvardi, Tvardi granted Dr. Kauh a stock option to purchase 552,129 shares of its common stock. The option has an exercise price of $0.82 per share and is subject to a four-year vesting schedule, with 25% of the shares vesting on the first anniversary of the vesting commencement date and the balance vesting monthly over 36 months thereafter, subject to Dr. Kauh’s continued service with Tvardi. No equity awards were granted to the named executive officers during 2024.

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TABLE OF CONTENTS

Outstanding Equity Awards as of December 31, 2024 The following table provides information regarding outstanding equity awards held by Tvardi’s named executive officers as of December 31, 2024.

| Name                  | ​                                                             | ​ | Grant Date |   |            |   | ​                                                               | ​ | VestingCommencementDate |   |            |   | ​                               | ​ | Option Awards(1)(2) |   |           |   |                      |   |   |   |         |   |   |   |   |   |      |   |   |   |   |   |            |   | ​ |
| ​                     | Number ofSecuritiesUnderlyingUnexercisedOptionsExercisable(#) |   |            |   | ​          | ​ | Number ofSecuritiesUnderlyingUnexercisedOptionsUnexercisable(#) |   |                         |   | ​          | ​ | OptionExercise