Billingsley Chester 4

What Happened
CEO Chester Billingsley reported three purchases of Mentor Capital (MNTR) stock (transaction code P — purchase). He bought 2,450 shares on 2026-03-11, 1,000 shares on 2026-03-12, and 100 shares on 2026-03-13, each at $0.08 per share. The filing shows reported totals of $205, $83, and $8 respectively, for a combined reported cost of $296. These were purchases (buying stock), which some investors view as a more informative signal than routine insider sales.

Key Details

• Transaction dates and prices: 2026-03-11 — 2,450 shares @ $0.08 ($205 reported); 2026-03-12 — 1,000 shares @ $0.08 ($83 reported); 2026-03-13 — 100 shares @ $0.08 ($8 reported).
• Total acquired: 3,550 shares; total reported amount: $296.
• Transaction code: P = Purchase (open market or private purchase as reported).
• Shares owned after transaction: Not specified in the provided Form 4 information.
• Footnotes: F1–F2 describe Series Q Convertible Preferred stock conversion mechanics (convertible into common at holder’s option, conversion-price formula tied to a 105% multiplier of a designated closing price, quarterly valuation of conversion value). As of 12/31/2025, 11 Series Q shares were eligible to convert into 2,592,159 common shares. These footnotes relate to convertible preferred terms, not the reported common-stock purchases.
• Filing: Form 4 filed 2026-03-13 for trades from 2026-03-11 to 2026-03-13 — appears to be filed within the normal Form 4 reporting window (not marked late).

Context
The total dollar amount is small (under $300 reported), so while purchases are generally more notable than sales, this is a modest insider buy and may not by itself indicate a material change in insider conviction. The Series Q preferred-share footnotes describe potential significant dilution if converted, which is relevant to shareholders but separate from these small common-stock purchases.