Mentor Capital Insider Purchases Raise CEO Stake to 2.95M Shares

Rhea-AI Filing Summary

Insider transactions reported for Mentor Capital, Inc. (MNTR). Chester Billingsley, CEO, director and >10% owner, purchased common stock in three open-market transactions on 09/26/2025, 09/29/2025 and 09/30/2025, acquiring 12,000, 13,000 and 12,000 shares respectively at prices of $0.089, $0.089 and $0.0995. Following these purchases his beneficial ownership increased to 2,951,296 shares. He also holds 47,274 common shares underlying Series D warrants exercisable through 05/11/2038.

Positive

• Insider purchases reported: 12,000, 13,000 and 12,000 shares acquired on 09/26/2025, 09/29/2025 and 09/30/2025
• Increased beneficial ownership to 2,951,296 shares following reported transactions
• Disclosure of derivative holdings: 47,274 common shares underlying Series D warrants expiring 05/11/2038

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider purchases totaling 37,000 shares increased the CEO's stake to 2.95M shares, a neutral but informative disclosure.

The Form 4 shows open-market purchases by a senior insider across three dates at sub-$0.10 prices, raising direct beneficial ownership to 2,951,296 shares. The filing also discloses 47,274 underlying shares from long-dated Series D warrants. This is a routine Section 16 disclosure providing transparency on insider holdings rather than a material corporate event.

Corporate Governance Expert

TL;DR: Director/officer increased direct holdings; filing aligns with disclosure requirements and contains no governance changes.

The report is compliant, signed and dated 09/30/2025, and documents incremental open-market purchases by the reporting person who is CEO, director and >10% owner. There are no indications of resignations, grants, or other governance actions. The presence of long-dated warrants is noted but unchanged by these transactions.

Insider Trade Summary

Net Buyer: 37,000 shares ($3,419)

Net Buy 4 txns

Insider Billingsley Chester

Role Chief Executive Officer

Bought 37,000 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	12,000	$0.0995	$1K
Purchase	Common Stock	13,000	$0.089	$1K
Purchase	Common Stock	12,000	$0.089	$1K
holding	Series D Warrants	--	--	--

Holdings After Transaction: Common Stock — 2,951,296 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)
09/26/2025

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	09/26/2025		P		12,000	A	$0.089	2,926,296	D
Common Stock	09/29/2025		P		13,000	A	$0.089	2,939,296	D
Common Stock	09/30/2025		P		12,000	A	$0.0995	2,951,296	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	09/30/2025
	** 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 transactions did Chester Billingsley report for MNTR on the Form 4?

He reported open-market purchases of 12,000 shares on 09/26/2025 at $0.089, 13,000 shares on 09/29/2025 at $0.089, and 12,000 shares on 09/30/2025 at $0.0995.

How many shares does the reporting person beneficially own after the transactions?

Following the reported purchases the reporting person beneficially owns 2,951,296 shares of MNTR.

Does the Form 4 disclose any derivative securities for MNTR?

Yes. The filing shows Series D warrants with a $0.02 exercise price underlying 47,274 common shares, exercisable through 05/11/2038.

What is the reporting person's relationship to Mentor Capital, Inc.?

The reporting person, Chester Billingsley, is listed as Chief Executive Officer, a Director, and a >10% owner of the issuer.

When was the Form 4 signed and who signed it?

The form is signed by /s/ Chester Billingsley and dated 09/30/2025.