Billingsley Chester 4
4 · Mentor Capital, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Mentor Capital (MNTR) CEO Billingsley Chester Buys 2,000 Shares
What Happened
Billingsley Chester, CEO of Mentor Capital, acquired a total of 2,000 shares via two purchase transactions: 600 shares on 2026-01-26 at $0.08 ($51) and 1,400 shares on 2026-01-27 at $0.08 ($119), for a combined cash outlay of approximately $170. These were purchases (transaction code P), which are generally viewed as a more informative signal than routine sales because they involve the insider adding to a stake.
Key Details
- Transaction dates and prices: 2026-01-26 — 600 shares @ $0.08 ($51); 2026-01-27 — 1,400 shares @ $0.08 ($119). Total = 2,000 shares @ $0.08, ~$170.
- Transaction type: Open market or private purchases (code P).
- Filing info: Form 4 filed 2026-01-28, reporting period begins 2026-01-26; filing appears timely (not flagged late).
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes: Series Q Preferred Stock is convertible into common shares at no additional cost; conversion value is calculated quarterly and the conversion price is 105% of a designated closing price. As of 12/31/2025, 11 Series Q shares were convertible into 2,592,159 common shares — a potential source of significant dilution if converted.
Context
This was a very small-dollar insider buy (~$170 total), so while purchases can signal confidence, the trade size here is modest. The Series Q convertible preferred footnotes are important for shareholders because they describe a mechanism that could dramatically increase common shares outstanding if those preferred shares convert. The filing provides facts on the purchases but does not state Chester’s post-transaction total holdings.
Insider Transaction Report
- Purchase
Common Stock
2026-01-26$0.08/sh+600$51→ 3,165,896 total - Purchase
Common Stock
2026-01-27$0.08/sh+1,400$119→ 3,167,296 total
- 47,274
Series D Warrants
Exercise: $0.02From: 2000-04-11Exp: 2038-05-11→ Common Stock (47,274 underlying) - 11
Series Q Preferred Shares
[F1][F2]→ Common Stock (2,592,159 underlying)
Footnotes (2)
- [F1]Series Q Preferred Stock is convertible into Common Stock, at the option of the holder, at any time after the date of issuance of such share and prior to the of redemption of such share of Series Q Preferred Stock by the Company, into such number of fully paid and nonassessable shares of Common Stock as determined by dividing the Series Q Conversion Value by the Conversion Price at the time in effect for such share. The Series Q Preferred Shares can be converted into Common Stock at no additional cost. The Series Q Preferred Shares have no expiration date.
- [F2]The per share Series Q Conversion Value, as defined in the Certificate of Designation, shall be calculated by the Company at least once each calendar quarter. The per share Series Q Conversion Value shall be equal to the quotient of the Core Q Holdings Asset Value divided by the number of issued and outstanding shares of Series Q Preferred Stock. The Conversion Price of the Series Q Preferred Stock shall be at the product of one hundred and five percent and the closing price of the Common Stock of the Company on a date designated and published by the Company. On December 31, 2025, 11 Series Q Convertible Preferred Shares were eligible to be converted into 2,592,159 shares of the Company's Common Stock.