Billingsley Chester 4

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.