Mentor Capital Insider Purchases 25,000 Shares, Holds 47,274 Warrants

Rhea-AI Filing Summary

Chester Billingsley, Mentor Capital, Inc. CEO and director, reported two open-market purchases: 12,000 common shares at $0.089 on 09/24/2025 and 13,000 common shares at $0.0884 on 09/25/2025, bringing his reported direct beneficial ownership to 2,914,296 shares. He also holds 47,274 Series D warrants exercisable at $0.02, expiring 05/11/2038. Transactions are reported on Form 4 and reflect direct ownership.

Positive

• Insider purchases of 25,000 common shares over two days, increasing direct ownership to 2,914,296 shares
• Disclosure of Series D warrants (47,274 warrants exercisable at $0.02, expiring 05/11/2038) provides clarity on derivative exposure

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchases of 25,000 shares modestly increased direct ownership to 2.91M shares; impact appears limited.

The reported transactions are small open-market purchases executed over two days at sub-$0.10 prices, increasing Mr. Billingsley’s direct stake to 2,914,296 shares. While insider buying can signal alignment with shareholders, the absolute size of these purchases relative to total reported holdings is modest, so the purchases are unlikely to be materially value-moving on their own.

Corporate Governance Expert

TL;DR: CEO and director reported direct acquisitions and existing warrants; disclosures appear complete and timely.

The Form 4 shows the reporting person filing as a director, 10% owner and CEO, and discloses both non-derivative purchases and outstanding Series D warrants. The filing is signed and dated, and lists direct ownership forms. From a governance perspective, clear reporting of insider activity is positive for transparency; no omissions are evident in the submitted content.

Insider Trade Summary

Net Buyer: 25,000 shares ($2,217)

Net Buy 3 txns

Insider Billingsley Chester

Role Chief Executive Officer

Bought 25,000 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	13,000	$0.0884	$1K
Purchase	Common Stock	12,000	$0.089	$1K
holding	Series D Warrants	--	--	--

Holdings After Transaction: Common Stock — 2,914,296 shares (Direct); Series D Warrants — 47,274 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Billingsley Chester

(Last) (First) (Middle)

5964 CAMPUS COURT

(Street)

PLANO TX 75093

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Mentor Capital, Inc. [ MNTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/24/2025		P		12,000	A	$0.089	2,901,296	D
Common Stock	09/25/2025		P		13,000	A	$0.0884	2,914,296	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series D Warrants	$0.02							04/11/2000	05/11/2038	Common Stock	47,274		47,274	D

Explanation of Responses:

	/s/ Chester Billingsley	09/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Chester Billingsley report on the MNTR Form 4?

He reported purchases of 12,000 shares at $0.089 on 09/24/2025 and 13,000 shares at $0.0884 on 09/25/2025, and ownership of 47,274 Series D warrants.

How many MNTR shares does Billingsley beneficially own after these transactions?

The Form 4 shows direct beneficial ownership of 2,914,296 common shares following the reported transactions.

What are the terms of the reported Series D warrants in the filing?

The Series D warrants have an exercise price of $0.02, cover 47,274 underlying common shares, and expire on 05/11/2038.

Were the reported MNTR transactions purchases or sales?

Both transactions were reported as purchases: 12,000 and 13,000 common shares acquired (codes indicate acquisition).

What positions does the reporting person hold at Mentor Capital, Inc. (MNTR)?

The filer is listed as a Chief Executive Officer, a Director, and a 10% owner of the issuer.