Daniel Kaufman reports 5.08% stake in Delcath Systems (DCTH)

Rhea-AI Filing Summary

Delcath Systems, Inc. ownership filing shows Daniel Kaufman reports beneficial ownership of 1,766,432 shares of Common Stock, representing 5.08% of the class as reported on 03/18/2026. The filing is a Schedule 13G disclosure of an equity stake by an individual investor.

Insights

Equity Ownership Analyst

Stake disclosure: individual investor holds a meaningful passive stake.

Daniel Kaufman reports 1,766,432 shares, or 5.08%, of common stock. The filing format is a Schedule 13G, which typically indicates a passive investment intent rather than an activist or control-seeking position.

Key dependencies include whether the position is passive and whether subsequent filings alter ownership; subsequent Form 13D would indicate a change in intent.

Corporate Governance Specialist

Disclosure affects ownership transparency and reporting thresholds.

The reported 5.08% crosses common SEC reporting thresholds that require public disclosure of beneficial ownership. This provides market participants with visibility into substantial individual holdings in the issuer.

Any material change in voting or disposition powers, or a shift from passive to active intent, would normally trigger a different filing form.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DELCATH SYSTEMS, INC.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

24661P807

(CUSIP Number)

03/18/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 24661P807

1

Names of Reporting Persons

Daniel Kaufman

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,766,432.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,766,432.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,766,432.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.08 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DELCATH SYSTEMS, INC.
(b)	Address of issuer's principal executive offices: 566 Queensbury Avenue, Queensbury, NY, 12804
Item 2.
(a)	Name of person filing: Daniel Kaufman
(b)	Address or principal business office or, if none, residence: 2158 Park Boulevard, San Juan, Puerto Rico, 00913
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock, $0.01 par value
(e)	CUSIP Number(s): 24661P807
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,766,432
(b)	Percent of class: 5.08%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,766,432
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,766,432
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Daniel Kaufman

Signature:	/s/ Daniel Kaufman
Name/Title:	Daniel Kaufman, Individual Investor
Date:	03/20/2026

Exhibit Information

None

FAQ

What stake does Daniel Kaufman report in Delcath (DCTH)?

Daniel Kaufman reports beneficial ownership of 1,766,432 shares, equal to 5.08% of Delcath's common stock as stated in the Schedule 13G filing dated 03/18/2026. The disclosure is presented as a passive ownership report.

Does the Schedule 13G filing indicate activist intent for DCTH?

A Schedule 13G filing typically indicates a passive investment intent rather than activist action. The filing identifies the investor and stake (1,766,432 shares, 5.08%) but does not state plans to influence management or control.

What voting and dispositive powers does Kaufman report for DCTH shares?

The filing states Kaufman has sole voting power of 1,766,432 shares and sole dispositive power of 1,766,432 shares. No shared voting or dispositive powers are reported in the Schedule 13G excerpt provided.

When was the beneficial ownership reported for Delcath (DCTH)?

The Schedule 13G shows the CUSIP and an ownership statement tied to 03/18/2026, with the filing signature dated 03/20/2026. The reported stake is 1,766,432 shares representing 5.08% of the class.