Billingsley Chester 4
4 · Mentor Capital, Inc. · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Mentor Capital (MNTR) CEO Billingsley Chester Buys Stock
What Happened
Billingsley Chester, CEO of Mentor Capital, reported three open-market purchases (transaction code P): 2,000 shares at $0.09 on 2026-02-03 (reported $180), 2 shares at $0.09 on 2026-02-04 (reported $0), and 1,000 shares at $0.08 on 2026-02-05 (reported $85). Aggregate reported purchases total 3,002 shares for $265. These were purchases (insider buying).
Key Details
- Transaction dates and prices:
- 2026-02-03: 2,000 shares @ $0.09 (reported $180)
- 2026-02-04: 2 shares @ $0.09 (reported $0)
- 2026-02-05: 1,000 shares @ $0.08 (reported $85)
- Aggregate: 3,002 shares; reported aggregate value $265.
- Shares owned after the transactions: Not disclosed in the provided filing details.
- Transaction code: P = Purchase (open market or private purchase).
- Timeliness: Form 4 filed 2026-02-05 covering transactions on Feb 3–5; filing appears timely (Form 4s are generally due within two business days).
- Notable footnotes from the filing:
- F1: Series Q Preferred Stock is convertible into Common Stock at the holder’s option, anytime before redemption, at no additional cost; no expiration date.
- F2: The Series Q Conversion Value is recalculated quarterly per the Certificate of Designation; the conversion price is 105% of a designated closing price. As of 2025-12-31, 11 Series Q shares were eligible to convert into 2,592,159 common shares. The filing does not specify whether Chester holds any Series Q shares.
Context
These purchases are small in dollar terms (collectively $265) and represent insider buying, which some investors view as a positive signal but does not on its own prove a change in company prospects. The filing’s footnotes describe complex conversion mechanics for Series Q preferred shares; those conversion terms may affect potential future common share dilution but are separate from the small open-market purchases reported here.
Insider Transaction Report
- Purchase
Common Stock
2026-02-03$0.09/sh+2,000$180→ 3,171,296 total - Purchase
Common Stock
2026-02-04$0.09/sh+2$0→ 3,171,298 total - Purchase
Common Stock
2026-02-05$0.08/sh+1,000$85→ 3,172,298 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.