Billingsley Chester 4

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.