Mink Brook buys 10 DLH Holdings shares at $5.09

Mink Brook Asset Management LLC, a 10% owner of DLH Holdings Corp., reported an open-market purchase of 10 shares of Common Stock at $5.09 per share on July 27, 2026, through Mink Brook Partners LP, bringing its indirect holdings to 2,158,780 shares.

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, a 10% owner of DLH Holdings Corp., reported an open-market purchase of 10 shares of Common Stock at $5.09 per share on July 27, 2026, through Mink Brook Partners LP, bringing its indirect holdings to 2,158,780 shares. The post-transaction share total was amended to correct a prior mathematical error, and Mink Brook Asset Management LLC and related entities disclaim beneficial ownership beyond their pecuniary interest.

Insider Trade Summary

Net Buyer: 10 shares

Net Buy 1 txn

Insider Mink Brook Asset Management LLC

Role 10% Owner

Bought 10 shs ($50.90)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F1, F2, F3, F4	10	$5.09	$50.90

Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,158,780 shares (Indirect, By Mink Brook Partners LP)

Footnotes (4)

1. F1. The price reported in column 4 is a weighted average price. These shares were purchased in one transaction at a price of $5.09. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares bought at each price.
2. F2. Total number of shares owned following this transaction was amended to correct a mathematical error.
3. F3. Mink Brook Asset Management LLC, and the general partner for both funds, Mink Brook Capital GP LLC, disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that Mink Brook Asset Management LLC, Mink Brook Capital GP LLC or William Mueller as managing member of both, is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
4. F4. Represents securities owned directly by Mink Brook Partners LP (the "Fund"). As the investment manager of the Fund, Mink Brook Asset Management LLC may be deemed to beneficially own the securities owned directly by the Fund.

Key Figures

Shares purchased: 10 shares Purchase price per share: $5.09 per share Shares held after transaction: 2,158,780 shares

3 metrics

Shares purchased 10 shares Common Stock transaction on 2026-07-27

Purchase price per share $5.09 per share Open-market purchase on 2026-07-27

Shares held after transaction 2,158,780 shares Indirect holdings through Mink Brook Partners LP following the purchase

Key Terms

weighted average price, beneficial ownership, pecuniary interest, Section 16(a)

4 terms

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficial ownership regulatory

"disclaims beneficial ownership of the shares reported herein except to the extent"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"

Section 16(a) regulatory

"beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What DLHC insider transaction did Mink Brook Asset Management report?

Mink Brook Asset Management reported buying 10 shares of DLH Holdings Corp. Common Stock at $5.09 per share on July 27, 2026, as an open-market purchase, increasing its indirect position through Mink Brook Partners LP; after this trade indirect holdings totaled 2,158,780 shares.

How many DLHC shares does Mink Brook indirectly hold after this transaction?

After the reported trade, Mink Brook’s indirect holdings in DLHC amounted to 2,158,780 shares of Common Stock, held through Mink Brook Partners LP, reflecting the corrected post-transaction total noted in the amendment footnote.

Why was the DLHC insider report amended for Mink Brook Asset Management?

The report for DLHC was amended because the total number of shares owned following the transaction was corrected for a mathematical error, as explicitly stated in the footnote describing the post-transaction share count adjustment.

How are Mink Brook’s DLHC shares held and who is the direct owner?

The DLHC securities are held directly by Mink Brook Partners LP. Mink Brook Asset Management LLC is the investment manager and may be deemed to beneficially own those shares indirectly through the fund structure, subject to specific beneficial-ownership disclaimers.

Does the Mink Brook DLHC trade appear under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox for this DLHC insider report was not checked, and the accompanying footnotes do not describe the purchase as made pursuant to any Rule 10b5-1 or similar pre-arranged trading plan.

What beneficial ownership disclaimers did Mink Brook include regarding DLHC shares?

Mink Brook Asset Management LLC, its general partner Mink Brook Capital GP LLC, and managing member William Mueller disclaim beneficial ownership of the DLHC shares beyond their pecuniary interest and state that the report should not be construed as admitting beneficial ownership for Section 16(a) purposes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 07/31/2026 - 06:24 PM Accepted by SEC EDGAR 07/31/2026 - 06:23 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Mink Brook Asset Management LLC

(Last) (First) (Middle)

201 SUMMA STREET

(Street)

WEST PALM BEACH FLORIDA 33405

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DLH Holdings Corp. [ DLHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
07/28/2026

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, par value $0.001 per share ("Common Stock")	07/27/2026		P		10	A	$5.09(1)	2,158,780(2)	I	By Mink Brook Partners LP(3)(4)

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

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were purchased in one transaction at a price of $5.09. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares bought at each price.

2. Total number of shares owned following this transaction was amended to correct a mathematical error.

3. Mink Brook Asset Management LLC, and the general partner for both funds, Mink Brook Capital GP LLC, disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that Mink Brook Asset Management LLC, Mink Brook Capital GP LLC or William Mueller as managing member of both, is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

4. Represents securities owned directly by Mink Brook Partners LP (the "Fund"). As the investment manager of the Fund, Mink Brook Asset Management LLC may be deemed to beneficially own the securities owned directly by the Fund.

Remarks:

	/s/ William Mueller	07/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)