Form 4: Mentor Capital CEO Boosts Stake with Stock and Preferred Share Purchase

Mentor Capital CEO Chester Billingsley acquired additional common stock and convertible preferred shares, increasing his beneficial ownership in the company.

Summary

• Chester Billingsley, CEO, Director, and 10% Owner of Mentor Capital, Inc. (MNTR), acquired additional securities.
• On January 12, 2026, Billingsley purchased 1,200 shares of Common Stock at a price of $0.088 per share.
• Following this transaction, his direct beneficial ownership of Common Stock increased to 3,161,496 shares.
• Additionally, on the same date, he acquired 11 Series Q Convertible Preferred Shares from a third party for a total of $204,488.40, at a price of $18,589.85 per share.
• These Series Q Preferred Shares are convertible into Common Stock at the holder's option, with no additional cost and no expiration date.
• As of December 31, 2025, the 11 Series Q Convertible Preferred Shares were eligible to be converted into 2,592,159 shares of the Company's Common Stock.
• Billingsley also directly owns 47,274 Series D Warrants with an exercise price of $0.02, expiring on May 11, 2038.

Sentiment

Score: 8

Explanation: The significant acquisition of both common stock and convertible preferred shares by the CEO, who is also a Director and 10% owner, indicates strong insider confidence in the company's future. This is generally viewed very positively by the market.

Positives

• Increased insider ownership by the CEO, Director, and 10% owner signals strong confidence in the company's future prospects.
• The acquisition of convertible preferred shares provides a significant potential upside through conversion into common stock without additional cost.
• The CEO's substantial investment demonstrates alignment of interests with shareholders.

Future Outlook

The Series Q Preferred Shares, acquired by the CEO, offer a future conversion opportunity into a significant number of common shares at the holder's option, with no additional cost and no expiration date, indicating a long-term investment perspective.

Management Comments

• The acquisition of additional common stock and convertible preferred shares by Chester Billingsley, CEO, Director, and 10% Owner, signals his strong personal conviction in the company's valuation and future prospects.

Industry Context

This Form 4 filing details an insider transaction, which is a common disclosure in the financial industry. Insider buying, especially by a CEO and significant owner, is often interpreted by the market as a positive signal, suggesting management believes the stock is undervalued or expects positive developments, regardless of broader industry trends.

Stakeholder Impact

• Shareholders may view the CEO's increased stake as a positive indicator of management's belief in the company's value, potentially boosting investor confidence.
• The potential future conversion of preferred shares could lead to an increase in the number of outstanding common shares, which could have a dilutive effect on existing common shareholders if not offset by company growth.

Next Steps

• The reporting person may choose to convert the Series Q Preferred Shares into Common Stock at any time, potentially increasing their direct common stock holdings significantly.

Key Dates

Recommendation

The substantial insider buying by the CEO, who is also a Director and 10% owner, through both direct stock purchases and a significant investment in convertible preferred shares, signals strong conviction in the company's future. This level of insider commitment often precedes positive developments or indicates a belief that the stock is undervalued, making it a compelling 'strong buy' signal for seasoned investors.

Keywords

Mentor Capital, MNTR, insider trading, Form 4, stock purchase, preferred shares, CEO, beneficial ownership, convertible securities