Billingsley Chester 4

What Happened
Chester Billingsley, CEO of Mentor Capital, reported two open-market purchases (transaction code P) totaling 1,600 shares of MNTR common stock. He bought 900 shares on 2026-03-16 at $0.08 per share (reported value $75) and 700 shares on 2026-03-18 at $0.08 per share (reported value $59), about $134 in total. These were purchases (potentially a bullish signal), not sales.

Key Details

• Transaction dates and prices: 2026-03-16 — 900 shares @ $0.08 (reported $75); 2026-03-18 — 700 shares @ $0.08 (reported $59). Code: P = Purchase.
• Total shares acquired: 1,600 shares for ~ $134.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Mentor has Series Q Convertible Preferred Stock that can be converted into common shares at the holder’s option at no additional cost.
  • F2: Series Q conversion value is calculated quarterly; the conversion price uses 105% of a designated closing price. As of 12/31/2025, 11 Series Q shares were eligible to convert into 2,592,159 common shares (significant potential dilution).
• Filing timeliness: Form 4 filed 2026-03-18 covering transactions on 2026-03-16 and 2026-03-18 — filing appears timely under standard Form 4 rules.

Context
These are small-dollar open-market purchases by the CEO and should be viewed as routine insider buying rather than a large, directional bet. The Series Q preferred conversion mechanics noted in the footnotes could lead to material dilution if converted — an important consideration for shareholders when evaluating insider trades and outstanding instruments.