Mentor Capital, Inc. (NASDAQ: MNTR) said Chief Executive Officer Chester Billingsley purchased a small number of the company’s common shares in late March 2026, according to a regulatory filing. Over two days - March 19 and March 20, 2026 - Billingsley acquired a total of 2,300 common shares at prices between $0.0775 and $0.08 per share, for an aggregate outlay of $180.
On March 19, the filing shows Billingsley bought 1,300 shares at $0.0775 per share. The next day he purchased 1,000 additional shares at $0.08 per share. After these transactions, Billingsley’s direct ownership in Mentor Capital stands at 3,196,296 shares of common stock.
The filing also details other instruments Billingsley holds. He owns 47,274 Series D Warrants, each exercisable for common stock at $0.02 per share. In addition, he holds 11 Series Q Preferred Shares that are convertible into 2,592,159 shares of common stock.
Market data referenced in the filing notes the company’s shares are trading at $0.07 and have declined nearly 10% over the last week, as reported by InvestingPro. Mentor Capital’s reported market capitalization is $1.52 million, and the company carries a FAIR financial health rating in InvestingPro’s assessment, which also indicates the stock appears undervalued at current levels.
Separately, Mentor Capital disclosed a change in its independent accountant. Cherry Bekaert LLP has been engaged as the company’s new independent registered public accounting firm, a move approved by Mentor Capital’s audit committee and board of directors. The engagement became effective on January 13 and follows Cherry Bekaert’s acquisition of the company’s prior auditor, Spicer Jeffries LLP. The filing characterizes this as a change in the company’s audit arrangement.
Summary
Mentor Capital’s CEO made two small open-market purchases totaling 2,300 shares for $180 in mid-March 2026, increasing his direct common-stock holdings to 3,196,296 shares. The company has also transitioned to Cherry Bekaert LLP as its independent auditor, effective January 13. The stock was trading at $0.07 and carries a $1.52 million market capitalization and a FAIR financial health rating per InvestingPro.
Key points
- CEO Chester Billingsley bought 2,300 common shares on March 19-20, 2026, spending $180 at prices of $0.0775 and $0.08 per share.
- Billingsley’s direct common-stock holdings total 3,196,296 shares; he also holds 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 LLP as its independent registered public accounting firm, effective January 13, following the acquisition of its prior auditor.
Risks and uncertainties
- Insider purchases were modest in dollar terms - $180 total - which may limit any interpretive value for investors assessing insider conviction; this affects market participants evaluating small-cap equity signals.
- The company’s shares were trading near $0.07 and had declined nearly 10% over the past week, indicating short-term price volatility in the stock that could impact small-cap and micro-cap investors.
- Changes in independent auditors - here, the engagement of Cherry Bekaert LLP effective January 13 after the prior auditor’s acquisition - represent an operational transition that investors and stakeholders may monitor in relation to financial reporting and audit continuity.