4/A: Shaheen Wirk Reports Acquisition of Tvardi Therapeutics Shares Following Merger
SEC Form 4/A
Shaheen Wirk, a director of Tvardi Therapeutics, reports acquiring shares of common stock following the merger of Merger Sub with Legacy Tvardi.
Summary
- This Form 4/A filing reports changes in beneficial ownership for Shaheen Wirk, a director of Tvardi Therapeutics, Inc.
- The report details transactions occurring on April 15, 2025, related to the merger of Merger Sub with Legacy Tvardi.
- As a result of the merger, Legacy Tvardi became a wholly-owned subsidiary of Tvardi Therapeutics, Inc.
- Shaheen Wirk acquired 176,030 shares of common stock through Palkon Holdings, LLC and 263,164 shares through Palkon TT Holdings, LLC.
- These shares were received in exchange for Series B Preferred Stock of Legacy Tvardi, with a conversion ratio of 0.1341 shares of Tvardi Therapeutics common stock for each share of Legacy Tvardi stock.
- The reporting person disclaims beneficial ownership of these shares except to any pecuniary interests therein.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a director.
- The merger impacts the share structure and potentially the value of the company.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of merger between Merger Sub and Legacy Tvardi, and the date of the reported transactions. |
| 04/17/2025 | Date of original filing (amended by this filing). |
| 05/02/2025 | Date of signature by Attorney-in-Fact. |
Keywords
beneficial ownership, Tvardi Therapeutics, Shaheen Wirk, merger, Form 4, Legacy Tvardi, shares, stock
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