Billingsley Chester 4

What Happened
CEO Billingsley Chester made two small purchases of Mentor Capital common stock: 3,000 shares on 2026-03-25 at $0.07 ($210) and 1,100 shares on 2026-03-26 at $0.08 ($88), for a combined 4,100 shares and $298. These were coded as purchases (P), indicating open-market or private acquisitions — a purchase (bullish) signal, though the dollar amount is minimal.

Key Details

• Transaction dates and prices: 3/25/2026 — 3,000 sh @ $0.07 ($210); 3/26/2026 — 1,100 sh @ $0.08 ($88).
• Total acquired: 4,100 shares for $298.
• Filing: Form 4 filed 2026-03-27 for reporting period 2026-03-25 — appears timely (Form 4 is generally due within two business days).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes of note:
  • Series Q Preferred Shares are convertible into common stock at the holder’s option (no additional cost) and have no expiration (F1).
  • The Series Q Conversion Value is calculated at least quarterly; the Conversion Price is 105% of a designated closing common share price (F2). As of 12/31/2025, 11 Series Q preferred shares could be converted into 2,592,159 common shares, indicating potential dilution if converted.

Context
These purchases are small in dollar terms and therefore represent a modest insider buy rather than a significant personal investment. The filing also highlights convertible Series Q preferred stock terms that could materially increase outstanding common shares if converted; that structural detail is separate from the small open-market purchases reported here.