Billingsley Chester 4

What Happened

• Mentor Capital CEO Billingsley Chester reported two open-market purchases (transaction code P) totaling 1,998 shares: 800 shares at $0.09 on Feb 6, 2026 ($73) and 1,198 shares at $0.09 on Feb 9, 2026 ($107). Combined outlay reported in the filing is about $180. Purchases are small in dollar terms and represent insider buying activity (generally seen as more informative than routine sales).

Key Details

• Transaction dates and prices: Feb 6, 2026 — 800 shares @ $0.09 ($73); Feb 9, 2026 — 1,198 shares @ $0.09 ($107).
• Total acquired: 1,998 shares for ~$180.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Footnotes of note:
  • F1/F2 describe Series Q convertible preferred stock that can be converted into common shares at no additional cost; conversion mechanics are based on a per-share conversion value and a conversion price formula.
  • As of Dec 31, 2025, 11 Series Q preferred shares were eligible to convert into 2,592,159 common shares (potential dilution).
• Filing timeliness: Form 4 was filed on Feb 10, 2026 and appears timely (within the two-business-day reporting window for the Feb 6 and Feb 9 transactions).

Context

• These were open-market purchases (code P). The dollar amounts are small, so while insider buying can be a positive signal, the economic exposure here is minimal. The filing’s footnotes highlight outstanding convertible preferred shares that, if converted, could materially increase the company’s common share count — an important consideration for shareholders when assessing insider transactions.