Embark Funds | Monetize Concentrated Stock Without Selling

Charles Schwab

Asset custody

PCAOB Compliant

Independent annual audit

SEC Reg D 506(c)

Verified accredited investors

The Position You Are In

Your stock went up. Your cash flow didn't.

A concentrated winner is an asset you cannot spend. Every route to cash has, until now, cost you either the tax, the upside, or both.

Sell it

You hand over 20%+ in capital gains up front and give up every dollar of future upside on the shares you sold.

Swap into an exchange fund

Seven years locked, no cash out the whole time, and your position is traded away for the market's return.

Keep holding

No tax and full upside — but no income either, and the whole downside stays yours alone.

How It Works

Four steps, start to exit.

The whole structure, before you speak to anybody.

Contribute your shares — you do not sell them

Your position moves in kind into the Embark fund and is custodied at Charles Schwab. Contributing is not a sale, so no capital gain is triggered and your cost basis carries over.

Our team runs option strategies on the position

Covered calls and related income strategies are written against the underlying stock, with every trade clearing through Schwab. Your exposure to the stock itself stays intact.

Collect targeted 10%+ annual income

Option premium becomes cash income, distributed quarterly per the fund's operating agreement and reported to you on a K-1. Fund financials are audited annually by an independent PCAOB-registered firm.

Exit with your shares

Embark carries a three-year lock-up. After it, you can keep earning or exit and take your shares back. If a lock-up does not work for you, Income+ runs the same strategies in your own managed account with no lock-up.

Full Walkthrough

Calculate Your Potential Income

See how much you could earn from your concentrated position — without selling.

Against the alternatives

The same $1M position, four different routes.

	Embark	Exchange Fund	Sell	Hold
Cash income	10%+ targeted	None for 7 yrs	Dividends only	None
Tax event now	None	None	20%+ cap gains	None
Keep your stock	Yes	No — swapped	No	Yes
Upside retained	Full	Market return	Lost	Full
Lock-up	3 years	7 years	None	None

Illustrative comparison of structures, not a projection of returns. Targeted income is a target, not a guarantee.

Eligibility

Four things we check

Embark is a private fund, so it is not open to everyone. This is what the eligibility conversation covers.

You are an accredited investor

Embark is offered under SEC Reg D, Rule 506(c), which requires verified accredited status.

Your stock is optionable and eligible

The strategy is written on listed options, so the position has to have a liquid options market. We will tell you either way.

The shares can be transferred

Unvested RSUs, restricted shares and trading-window constraints all affect timing — worth raising early rather than late.

A three-year horizon suits you

If it does not, Income+ runs the same strategies with no lock-up. Most conversations end up comparing the two.

Takes a minute. No account, no documents at this stage.

From investors who did it

"Embark's structure gave me the confidence to finally benefit from my concentrated stock position. It allows me to earn income without compromising potential upside. Best part: No Tax Event!"

Akash C.

Engineering Manager · Google

"I had large percentage of my net worth in few stocks. Embark let me earn income from it without triggering a massive tax bill. It changed my financial plan entirely."

Dinesh K.

Senior Engineer · Concentrated META holder

Embark does not pay for testimonials. Testimonials are from actual investors and may not be representative of the experiences of others. No guarantee of future performance.

Before you ask

Do I actually keep my shares?

You contribute them to the fund and receive fund units in exchange, so you keep economic exposure to that stock and get your shares back when you exit. What you do not do is sell them, which is why no capital gain is triggered.

Where is the 10%+ income coming from?

Option premium — principally covered calls written against the underlying position. It is a target rather than a guarantee, and option strategies carry risk, including capping some upside on the shares the calls are written against.

What happens to my tax bill?

Contributing defers the gain rather than erasing it — your basis carries into the fund. Income you receive is reported annually on a K-1. We are not your tax advisor, and everyone runs this past their own.

Who holds the assets?

Charles Schwab custodies the assets — not us. Fund financials are audited annually by an independent PCAOB-registered firm. There is more detail on our trust and safety page.

Two ways to start.
Neither one sells your stock.

Find out whether your position qualifies, or read the structure end to end first. Both take a few minutes.

Check How It Works

Prefer to talk? Book a 15-minute call.

Proflex Finance LLC is a Registered Investment Advisor (RIA) registered with the U.S. Securities and Exchange Commission. CRD# 334262. All investment strategies involve risk, including the potential loss of principal. Past performance is not indicative of future results. Option strategies involve risk and are not suitable for all investors. Embark funds are offered under SEC Regulation D, Rule 506(c) and are available only to verified accredited investors. Income+ is a discretionary managed account service. Nothing on this page is tax advice. For complete information, please review our Form ADV.