Billingsley Chester 4

What Happened
Billingsley Chester, CEO of Mentor Capital, reported two small open-market purchases of the company's stock. On March 19, 2026 he acquired 1,300 shares at $0.08 per share (reported value $101). On March 20, 2026 he acquired 1,000 shares at $0.08 per share (reported value $80). Total reported outlay for the two transactions was $181. These are purchases (buying shares), which some investors view as a modest positive signal, though the dollar amount is small.

Key Details

• Transaction dates and prices: 3/19/2026 — 1,300 shares @ $0.08 (reported $101); 3/20/2026 — 1,000 shares @ $0.08 (reported $80).
• Total shares purchased: 2,300; total reported cost: $181.
• Shares owned after transaction: not disclosed in the information provided on the Form 4.
• Filing: Form 4 was filed on 2026-03-23. That filing date is within the standard two-business-day reporting window for these transactions.
• Notable footnotes: the filing includes disclosure about Series Q Convertible Preferred Stock (see below).

Context

• The purchases are small in dollar terms and represent insider buying, but do not by themselves indicate a material change in insider conviction.
• Footnote summary (from the filing): Series Q Preferred Stock is convertible into common shares at the holder’s option at no additional cost (conversion mechanics are set out in the Certificate of Designation). The per-share Series Q Conversion Value is calculated quarterly; the Conversion Price is 105% of a designated closing price. As of 12/31/2025, 11 Series Q preferred shares were eligible to convert into 2,592,159 common shares — a fact investors should note for potential dilution.