Mentor Capital, Inc. (OTC: MNTR) reported a small sequence of insider purchases this week as Chief Executive Officer Chester Billingsley acquired additional common stock in the company. A Form 4 filing with the Securities and Exchange Commission documents the transactions, which took place over three consecutive days.
Billingsley bought a total of 5,300 shares between February 25 and February 27, 2026. The purchase prices recorded on the filing ranged from $0.0835 to $0.0844 per share, resulting in an aggregate cost of roughly $445. The breakdown of the purchases is as follows: 2,900 shares acquired on February 25, 1,000 shares on February 26, and 1,400 shares on February 27.
Following these transactions, Billingsley directly holds 3,184,696 shares of Mentor Capital common stock. In addition to his common-stock holdings, he possesses 47,274 Series D Warrants, which are exercisable for common shares at an exercise price of $0.02, and 11 Series Q Preferred Shares that are convertible into 2,592,159 shares of common stock.
The company's common stock is currently quoted at $0.08 per share. The filing notes that the share price has experienced a 65% gain over the past six months, even as the company has seen recent volatility in its trading.
Auditor update
Mentor Capital has also disclosed a change in its independent auditor. Cherry Bekaert LLP has been appointed as the company's independent auditor after Cherry Bekaert acquired Mentor Capital's prior auditor, Spicer Jeffries LLP. The appointment was approved by Mentor Capital's audit committee and board of directors.
According to the company's SEC filing, the relationship with Spicer Jeffries terminated on January 12, and Cherry Bekaert's engagement to serve as Mentor Capital's independent auditor became effective on January 13. The company characterized the change as a transition occasioned by the acquisition and noted the appointment as an update to its audit arrangements.
Context and implications
The Form 4 filing provides a precise record of the CEO's recent purchases, the post-transaction holdings, and the exercise and conversion terms for the warrants and preferred shares that remain in Billingsley's portfolio. Separately, the auditor transition is documented in the company's SEC filing with dates for the termination and the effective engagement. The filings do not provide additional commentary from company executives or further detail beyond the transactional and procedural disclosures.
Key points
- CEO Chester Billingsley bought 5,300 shares of Mentor Capital common stock between February 25 and February 27, 2026, paying $0.0835 to $0.0844 per share for a total near $445.
- After these purchases, Billingsley directly owns 3,184,696 common shares, plus 47,274 Series D Warrants exercisable at $0.02 and 11 Series Q Preferred Shares convertible into 2,592,159 common shares.
- Mentor Capital appointed Cherry Bekaert as its independent auditor effective January 13, following the acquisition of Spicer Jeffries LLP; the relationship with Spicer Jeffries ended on January 12.
Sectors impacted - small-cap/OTC equities; corporate governance and financial reporting.
Risks and uncertainties
- The company’s shares have experienced recent volatility, as noted in the filing, which may affect market valuation and trading dynamics - this primarily impacts investors in small-cap and OTC stocks.
- The CEO’s purchase was modest in dollar terms (approximately $445), which limits the informational weight of the transaction regarding management’s exposure or conviction.
- The change in independent auditor, while recorded as a transition following an acquisition, represents an operational update in the company’s financial oversight that stakeholders may watch for any impact on reporting continuity.
Note: All figures and dates above are drawn from the company's SEC filings regarding the insider transactions and auditor change. The filings supply the transaction dates, prices, holdings, and the timing of the auditor engagement and termination.