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Question

What is a prepaid variable forward contract (PVFC)?

Answer

A PVFC lets you receive a large upfront payment (typically 70-80% of current value) by agreeing to sell a variable number of shares at a future date. The number of shares delivered depends on the stock price at settlement, locking in a minimum value while keeping some upside, and taxes are deferred until settlement.

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Self-managing post-IPO wealth or working with an advisor: which is better?

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RSUs or ISOs: which has better tax treatment?
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Last Updated May 20, 2026
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