Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1785

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 1785
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 Lori Stansfield  903 N Towner Street  Santa Ana, CA 92703 
     87,418(3) 
     1.07%(4)
  
    Common Stock 
    Directors and Officers as a group 
     3,078,548  
     14.78%(5)

(1)
In addition to 2,126,296 shares of Common Stock, Mr. Billingsley also holds 47,274 Series D warrants exercisable at $0.02 per share.
As of the date of this Annual Report on Form 10-K, Mr. Billingsley has not exercised any of these Series D warrants.

(2)
In addition to 864,871 shares of Common Stock, Ms. Meyer also holds 438,955 Series D warrants exercisable at $0.02 per share. As of the
date of this Annual Report on Form 10-K, Ms. Meyer has not exercised any of these Series D warrants.

(3)
In addition to 87,418 shares of Common Stock, Ms. Stansfield holds 190,000 Series D warrants exercisable at $0.02 per share. As of the
date of this Annual Report on Form 10-K, Ms. Stansfield has not exercised any of these Series D warrants.

(4)
The Percentage of Class ownership of Mr. Billingsley, Ms. Meyer, and Ms. Stansfield is calculated based on the total number of outstanding
shares of Common Stock (21,686,105) and Series D warrants (4,250,000).

(5)
Calculated based on the diluted Percentage of Class ownership of the Registrant’s management, executive officers, and directors.

If
an individual or entity tried to take control of the Company, Mr. Billingsley is authorized to obtain a loan from the Company to pay
for the exercise of his unexercised Series D warrants.

38

Item
13. Certain Relationships and Related Transactions, and Director Independence.

Except
as disclosed below, between January 1, 2023, and December 31, 2024, there were no transactions, and there are no proposed transactions
in which we were or are to be a participant, involving an amount in excess of $120,000, and in which any related person had or will have
a direct or indirect material interest.

Mr.
Billingsley acts as both the Chief Executive Officer, Principal Financial Officer, and Chairman of the Board of