Mentor Capital CEO buys 2,550 MNTR shares

Mentor Capital, Inc. Chief Executive Officer Chester Billingsley reported an open-market purchase of 2,550 shares of common stock at $0.088 per share, increasing his directly held common stock to 3,179,396 shares.

Rhea-AI Filing Summary

Mentor Capital, Inc. Chief Executive Officer Chester Billingsley reported an open-market purchase of 2,550 shares of common stock at $0.088 per share, increasing his directly held common stock to 3,179,396 shares.

He also directly holds 47,274 Series D warrants and 2,592,159 Series Q Preferred Shares as of the reported date. Footnotes explain that Series Q Preferred Stock is convertible into common stock based on a quarterly calculated conversion value and a conversion price set at 105% of the company’s common stock closing price. As of December 31, 2025, 11 Series Q Convertible Preferred Shares were eligible to be converted into 2,592,159 shares of common stock.

Insider Trade Summary

Net Buyer: 2,550 shares

Net Buy 3 txns

Insider Billingsley Chester

Role Chief Executive Officer

Bought 2,550 shs ($224.40)

Type	Security	Shares	Price	Value
Purchase	Common Stock	2,550	$0.088	$224.40
holding	Series D Warrants	--	--	--
holding	Series Q Preferred Shares	--	--	--

Holdings After Transaction: Common Stock — 3,179,396 shares (Direct); Series D Warrants — 47,274 contracts (Direct); Series Q Preferred Shares — 2,592,159 contracts (Direct)

Footnotes (2)

1. 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.
2. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Mentor Capital (MNTR) report for Chester Billingsley?

Mentor Capital reported that CEO Chester Billingsley bought 2,550 shares of common stock in an open-market transaction at $0.088 per share. This purchase increased his directly held common stock position to 3,179,396 shares as of the transaction date.

At what price did the Mentor Capital (MNTR) CEO buy additional shares?

The CEO bought 2,550 Mentor Capital common shares at $0.088 per share in an open-market purchase. This relatively small transaction modestly increased his direct ownership stake, as disclosed in the Form 4 insider trading report filed for the transaction date.

How many Mentor Capital (MNTR) common shares does Chester Billingsley now directly own?

After the reported transaction, Chester Billingsley directly owns 3,179,396 Mentor Capital common shares. This total reflects the addition of 2,550 shares purchased in the open market at $0.088 per share, as shown in the Form 4 filing.

What Series D warrant holdings did the Mentor Capital (MNTR) CEO report?

The filing shows Chester Billingsley directly holding 47,274 Series D Warrants following the reported date. These are separate from his common stock position and indicate an additional potential claim on Mentor Capital equity through warrant exercise, subject to their terms.

How is Mentor Capital’s (MNTR) Series Q Preferred Stock convertible into common shares?

Series Q Preferred Stock is convertible into common stock at the holder’s option, using a conversion value divided by a conversion price set at 105% of the common closing price. As of December 31, 2025, 11 Series Q shares were eligible to convert into 2,592,159 common shares.

Does Mentor Capital’s (MNTR) Series Q Preferred Stock have an expiration date?

According to the disclosure, the Series Q Preferred Shares have no expiration date. They remain outstanding until converted into common stock by the holder or redeemed by the company under the specified terms in the Certificate of Designation governing the preferred shares.

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Accepted by SEC EDGAR 02/23/2026 - 04:25 PM Learn about SEC filing dates

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)
02/19/2026

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	02/19/2026		P		2,550	A	$0.088	3,179,396	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
Series Q Preferred Shares	(1)							(1)	(1)	Common Stock	2,592,159(2)		11	D

Explanation of Responses:

1. 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.

2. 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.

	/s/ Chester Billingsley	02/23/2026
	** 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.
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