Billingsley Chester 4

What Happened
Mentor Capital CEO Chester purchased a total of 2,000 shares of MNTR common stock in two open-market/private purchases: 900 shares on 2026-01-29 at $0.09 each ($81) and 1,100 shares on 2026-02-02 at $0.09 each ($97), for a combined outlay of $178. These were purchases (insider buys), which investors often view as a bullish signal, though no motive is stated.

Key Details

• Transaction dates and prices: 2026-01-29 — 900 shares @ $0.09 ($81); 2026-02-02 — 1,100 shares @ $0.09 ($97).
• Total shares bought: 2,000; total value: $178.
• Form 4 filing date: 2026-02-02 (filed within the usual 2 business-day window, not late).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes in the filing:
  • F1/F2 describe Series Q Convertible Preferred Stock: Series Q shares are convertible into common stock at the holder’s option at no additional cost, with conversion value and conversion price calculated per the Certificate of Designation. The conversion price is tied to 105% of a published closing price; the per-share conversion value is calculated quarterly. As of 12/31/2025, 11 Series Q preferred shares were eligible to convert into 2,592,159 common shares. This is a structural detail about potential dilution, not a transaction by the CEO.

Context

• These were straight purchases (transaction code P). No options were exercised and no shares were sold.
• Purchases by executives are often watched by retail investors as a sign of insider confidence, but filings do not state the insider’s reasons.