Mentor Capital Insider Purchases Raise Billingsley Stake to 2.89M Shares

Rhea-AI Filing Summary

Chester Billingsley, CEO, director and 10% owner of Mentor Capital, Inc. (MNTR), reported multiple purchases of common stock in September 2025. He acquired 17,000 shares at $0.088 on 09/19/2025, 5,000 shares at $0.0838 on 09/19/2025, 25,000 shares at $0.0885 on 09/22/2025, and 25,000 shares at $0.0889 on 09/23/2025, bringing his total common stock holdings to 2,889,296 shares. He also holds 47,274 Series D warrants exercisable into common stock, with an exercise price of $0.02 and expiration 05/11/2038.

Positive

• Insider purchases documented: Chester Billingsley acquired a total of 72,000 common shares across four transactions in September 2025.
• Increased beneficial ownership: Reported common stock holdings rose to 2,889,296 shares following the transactions.
• Long-dated warrants held: Holds 47,274 Series D warrants exercisable at $0.02 through 05/11/2038.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchases were disclosed, modest in size relative to total shares outstanding but increased insider's stake.

The filing details four open-market purchases by Chester Billingsley across three days in September 2025 at prices between $0.0838 and $0.0889 per share, increasing his beneficial ownership to 2,889,296 common shares. The purchases are non-derivative acquisitions recorded under transaction code P. The report also shows existing Series D warrants for 47,274 shares exercisable at $0.02 through May 11, 2038. Based solely on the filing, these are straightforward insider purchases with no disclosed sales, loans, or new derivative grants.

Corporate Governance Expert

TL;DR: CEO and 10% owner reported additional purchases, reinforcing alignment with shareholders but not signaling any governance change.

Chester Billingsley is identified as a director, CEO and 10% owner and filed as the sole reporting person. The Form 4 shows multiple small purchases over a short period and confirms direct ownership of common stock and warrants. There are no disclosures of transactions by related parties or changes to executive roles. From a governance perspective, the filing documents increased insider exposure without indicating structural governance developments.

Insider Trade Summary

Net Buyer: 72,000 shares ($6,350)

Net Buy 5 txns

Insider Billingsley Chester

Role Chief Executive Officer

Bought 72,000 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	25,000	$0.0889	$2K
Purchase	Common Stock	25,000	$0.0885	$2K
Purchase	Common Stock	17,000	$0.088	$1K
Purchase	Common Stock	5,000	$0.0838	$419.00
holding	Series D Warrants	--	--	--

Holdings After Transaction: Common Stock — 2,889,296 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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
09/19/2025

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	09/19/2025		P		17,000	A	$0.088	2,834,296	D
Common Stock	09/19/2025		P		5,000	A	$0.0838	2,839,296	D
Common Stock	09/22/2025		P		25,000	A	$0.0885	2,864,296	D
Common Stock	09/23/2025		P		25,000	A	$0.0889	2,889,296	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	09/23/2025
	** 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 insider transactions were reported for MNTR?

Chester Billingsley reported purchases of common stock: 17,000 shares at $0.088 and 5,000 shares at $0.0838 on 09/19/2025, 25,000 shares at $0.0885 on 09/22/2025, and 25,000 shares at $0.0889 on 09/23/2025.

How many MNTR shares does the reporting person own after these transactions?

Following the reported transactions, Chester Billingsley beneficially owns 2,889,296 common shares.

Does the Form 4 disclose any derivative securities for MNTR?

Yes. The filing shows 47,274 Series D warrants exercisable into common stock with an exercise price of $0.02 and expiration date 05/11/2038.

What is the reporting person's relationship to MNTR?

Chester Billingsley is reported as a Director, Chief Executive Officer, and a 10% owner of Mentor Capital, Inc.

Were any sales or dispositions reported in this Form 4?

No. The transactions listed are purchases (transaction code P); there are no disposals reported in the filing.