Billingsley Chester 4
4 · Mentor Capital, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Mentor Capital (MNTR) CEO Billingsley Chester Buys 2,550 Shares
What Happened Billingsley Chester, CEO of Mentor Capital, made two small open-market purchases of Mentor Capital (MNTR) common stock. He acquired 2,000 shares on 2026-02-12 at $0.09 per share (total $178) and 550 shares on 2026-02-17 at $0.09 per share (total $48), for a combined 2,550 shares costing approximately $226. These were purchases (transaction code P), which are typically viewed as more informative than routine sales but do not by themselves indicate a change in company fundamentals.
Key Details
- Transaction dates and prices:
- 2026-02-12: 2,000 shares at $0.09 each — $178
- 2026-02-17: 550 shares at $0.09 each — $48
- Total acquired: 2,550 shares for ~$226.
- Transaction code: P (purchase).
- Shares owned after the transactions: Not disclosed in the Form 4 filing.
- Filing: Form 4 filed with SEC on 2026-02-17 (Accession 0001632909-26-000009), covering the Feb 12 and Feb 17 purchases.
- Notable footnotes from the filing:
- Series Q Preferred Stock held by the company is convertible into common stock at no additional cost (Footnote F1).
- The Series Q conversion mechanics are recalculated quarterly; conversion price is tied to 105% of a designated closing price. As of 12/31/2025, 11 Series Q preferred shares were eligible to be converted into 2,592,159 common shares (Footnote F2) — a potentially highly dilutive instrument to be aware of.
Context
- These are direct open-market purchases of common stock (not option exercises, gifts, or awards). The dollar amounts are very small (total ~$226), so while purchases are generally more notable than sales, the economic magnitude here is minor.
- The filing does not indicate any 10b5-1 plan, tax withholding, or other special conditions.
Insider Transaction Report
Form 4
Billingsley Chester
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Common Stock
2026-02-12$0.09/sh+2,000$178→ 3,176,296 total - Purchase
Common Stock
2026-02-17$0.09/sh+550$48→ 3,176,846 total
Holdings
- 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.
Signature
/s/ Chester Billingsley|2026-02-17