Mentor Capital, Inc. (MNTR) CEO reports stock buy and Series D warrants

Rhea-AI Filing Summary

Mentor Capital, Inc. insider Chester Billingsley, who serves as Chief Executive Officer, director, and a 10% owner, reported a small open-market purchase of company stock. On 12/22/2025, he bought 2,000 shares of common stock at a price of $0.0879 per share. Following this transaction, he directly beneficially owns 3,152,296 shares of Mentor Capital common stock.

The filing also lists Billingsley’s derivative holdings, including 47,274 Series D warrants with a conversion or exercise price of $0.02 per share. These warrants are exercisable from 04/11/2000 until 05/11/2038 and are exercisable into 47,274 shares of Mentor Capital common stock.

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

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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)
12/22/2025

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	12/22/2025		P		2,000	A	$0.0879	3,152,296	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	12/23/2025
	** 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 transaction did MNTR report in this Form 4?

Mentor Capital, Inc. reported that Chief Executive Officer and director Chester Billingsley purchased 2,000 shares of common stock on 12/22/2025 at $0.0879 per share.

How many Mentor Capital (MNTR) shares does the CEO own after this transaction?

After the reported purchase, Chester Billingsley beneficially owns 3,152,296 shares of Mentor Capital common stock directly.

What is the price paid per MNTR share in the reported insider purchase?

The reported transaction shows a purchase price of $0.0879 per share for 2,000 shares of Mentor Capital common stock.

What derivative securities tied to MNTR does the insider hold?

Chester Billingsley holds 47,274 Series D warrants with an exercise price of $0.02 per share, exercisable into 47,274 shares of Mentor Capital common stock.

When do the MNTR Series D warrants held by the insider expire?

The Series D warrants held by Chester Billingsley are exercisable starting 04/11/2000 and expire on 05/11/2038.

What is Chester Billingsley’s role and relationship to Mentor Capital (MNTR)?

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