Billingsley Chester 4
4 · Mentor Capital, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Mentor Capital (MNTR) CEO Billingsley Chester Buys 1,750 Shares
What Happened
Billingsley Chester, CEO of Mentor Capital, made three small purchases of the company's common stock (transaction code P) in early March 2026. The insider bought 50 shares on 2026-03-05, 1,200 shares on 2026-03-06, and 500 shares on 2026-03-09 — 1,750 shares total — at $0.08 per share. The filing reports the cash amounts for those trades as $4, $101, and $40, respectively (about $145 total). These are purchases (not sales), which are informative but small in dollar terms.
Key Details
- Transaction dates and prices: 2026-03-05 (50 @ $0.08, $4); 2026-03-06 (1,200 @ $0.08, $101); 2026-03-09 (500 @ $0.08, $40). All reported as "P" = purchase.
- Shares owned after transaction: not specified in this Form 4 (the filing does not disclose post-transaction total holdings).
- Notable footnotes from the filing:
- F1: Series Q Preferred Stock held by the filer is convertible into common stock at the holder’s option, at no additional cost, with no expiration.
- F2: Series Q conversion value is calculated quarterly; the conversion price is set at 105% of a published closing price. As of 12/31/2025, 11 Series Q shares were eligible to convert into 2,592,159 common shares.
- Filing timeliness: Form 4 filed 2026-03-09 reporting purchases on 3/5–3/9; no late-filing indicator shown.
Context
These were very small open-market purchases (total reported cash ≈ $145). While insider purchases can be viewed positively, the small dollar size here limits their economic significance. The footnotes about Series Q preferred shares describe a separate convertible security that can materially increase common shares if converted; that detail is informational and not a direct part of these common-stock purchases.
Insider Transaction Report
- Purchase
Common Stock
2026-03-05$0.08/sh+50$4→ 3,187,146 total - Purchase
Common Stock
2026-03-06$0.08/sh+1,200$101→ 3,188,346 total - Purchase
Common Stock
2026-03-09$0.08/sh+500$40→ 3,188,846 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.