Billingsley Chester 4

What Happened

• Billingsley Chester, CEO of Mentor Capital, Inc. (MNTR), reported a purchase of 3 shares on 2026-04-01. The reported per-share price was $0.07. The Form 4 lists the reported total value as $0 (the filing shows 3 shares @ $0.07 but indicates $0 total).

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (filed within the typical 2-business-day window).
• Transaction type: P = Purchase (open market or private purchase).
• Price reported: $0.07 per share; quantity: 3 shares; Form 4 reports total value as $0.
• Shares owned after transaction: not disclosed in the provided filing.
• Notable footnotes:
  • F1: Series Q Preferred Stock issued by the company is convertible into common stock at the holder’s option, at no additional cost, and has no expiration.
  • F2: Series Q conversion mechanics: the per-share conversion value is calculated quarterly and conversion price is tied to 105% of the common stock closing price on a designated date. As of 2026-03-31, 11 Series Q preferred shares were eligible to convert into 3,607,722 common shares.
• Filing timeliness: No late filing flag indicated.

Context

• This is a very small insider purchase (3 shares). Purchases can be interpreted as a modest insider buy signal, but the dollar amount here is negligible and not likely material. The footnotes indicate outstanding convertible preferred shares that could materially increase common share count if converted; that is a separate capital-structure consideration for investors.