Billingsley Chester 4
4 · Mentor Capital, Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Mentor Capital (MNTR) CEO Chester Billingsley Buys Stock
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.
Insider Transaction Report
- Purchase
Common Stock
2026-03-16$0.08/sh+900$75→ 3,193,296 total - Purchase
Common Stock
2026-03-18$0.08/sh+700$59→ 3,193,996 total
- 47,274
Series D Warrants
Exercise: $0.02From: 2000-04-11Exp: 2038-05-11→ Common Stock (47,274 underlying) - 11
Series Q Preferred Shares
[F1][F2]→ Common Stock (2,592,159 underlying)
Footnotes (2)
- [F1]Series Q Preferred Stock is convertible into Common Stock, at the option of the holder, at any time after the date of issuance of such share and prior to the of redemption of such share of Series Q Preferred Stock by the Company, into such number of fully paid and nonassessable shares of Common Stock as determined by dividing the Series Q Conversion Value by the Conversion Price at the time in effect for such share. The Series Q Preferred Shares can be converted into Common Stock at no additional cost. The Series Q Preferred Shares have no expiration date.
- [F2]The per share Series Q Conversion Value, as defined in the Certificate of Designation, shall be calculated by the Company at least once each calendar quarter. The per share Series Q Conversion Value shall be equal to the quotient of the Core Q Holdings Asset Value divided by the number of issued and outstanding shares of Series Q Preferred Stock. The Conversion Price of the Series Q Preferred Stock shall be at the product of one hundred and five percent and the closing price of the Common Stock of the Company on a date designated and published by the Company. On December 31, 2025, 11 Series Q Convertible Preferred Shares were eligible to be converted into 2,592,159 shares of the Company's Common Stock.