Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 648

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 648
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 and service requirements have been met. All eligible employees receive an employer contribution equal to 3% of their salary up to the annual Internal Revenue Code limit. Pre-tax contributions are allocated to each participant’s individual account and are then invested in selected investment alternatives according to the participant’s directions. Contributions that Cara may make are immediately and fully vested; employees are immediately and fully vested in their contributions. The 401(k) Plan is intended to qualify under Sections 401(a) and 501(a) of the Internal Revenue Code. As a tax-qualified retirement plan, contributions to the 401(k) Plan and earnings on those contributions are not taxable to the employees until distributed from the 401(k) Plan and all contributions are deductible by Cara when made. Director Compensation The following table shows certain information with respect to the compensation of all of Cara’s non-employee directors for the fiscal year ended December 31, 2024:

| Director               | ​ | ​ | Feesearned orpaid incash(1)($) |   |         |   | ​ | ​ | Stockawards(2)(3)($) |   |         |   | ​ | ​ | Optionawards(2)(3)($) |   |         |   | ​ | ​ | Total($) |   |         |   | ​ |
|:-----------------------|:--|:--|:-------------------------------|:--|--------:|:--|:--|:--|:---------------------|:--|--------:|:--|:--|:--|:----------------------|:--|--------:|:--|:--|:--|:---------|:--|--------:|:--|:--|
| Jeffrey L. Ives, Ph.D. | ​ | ​ | ​                              | ​ |  72,500 | ​ | ​ | ​ | ​                    | ​ | 100,000 | ​ | ​ | ​ | ​                     | ​ | 100,000 | ​ | ​ | ​ | ​        | $ | 272,500 | ​ | ​ |
| Martin Vogelbaum       | ​ | ​ | ​                              | ​ | 120,000 | ​ | ​ | ​ | ​                    | ​ | 200,000 | ​ | ​ | ​ | ​                     | ​ | 200,000 | ​ | ​ | ​ | ​        | $ | 520,000 | ​ | ​ |
| Lisa von Moltke        | ​ | ​ |