DLH Holdings insider fund buys 470 more shares

Mink Brook Asset Management LLC, a 10% owner of DLH Holdings Corp., reported two indirect purchases of common stock through Mink Brook Partners LP.

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, a 10% owner of DLH Holdings Corp., reported two indirect purchases of common stock through Mink Brook Partners LP. The fund bought 470 shares on July 23–24, 2026 at weighted-average prices between $5.08 and $5.10 per share.

The securities are owned directly by Mink Brook Partners LP; related parties may be deemed beneficial owners but disclaim beneficial ownership except to their pecuniary interest. The amended report corrects the total shares owned following these transactions, and the Rule 10b5-1 checkbox was not marked.

Insider Trade Summary

Net Buyer: 470 shares

Net Buy 2 txns

Insider Mink Brook Asset Management LLC

Role 10% Owner

Bought 470 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F5, F2, F3, F4	391	$5.0997	$2K
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F1, F2, F3, F4	79	$5.0975	$402.70

Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,158,770 shares (Indirect, By Mink Brook Partners LP)

Footnotes (5)

1. F1. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.08 to $5.10 inclusive. 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.
5. F5. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.09 to $5.10 inclusive. 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.

Key Figures

Total shares purchased: 470 shares Purchase on July 23, 2026: 79 shares at $5.0975 per share Purchase on July 24, 2026: 391 shares at $5.0997 per share +2 more

5 metrics

Total shares purchased 470 shares Net common stock purchases on July 23–24, 2026 by Mink Brook Partners LP

Purchase on July 23, 2026 79 shares at $5.0975 per share Weighted average price; trades ranged from $5.08 to $5.10 per share

Purchase on July 24, 2026 391 shares at $5.0997 per share Weighted average price; trades ranged from $5.09 to $5.10 per share

Price range July 23, 2026 $5.08–$5.10 per share Individual transaction prices per footnote F1

Price range July 24, 2026 $5.09–$5.10 per share Individual transaction prices per footnote F5

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"

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 regulatory

"except to the extent of its pecuniary interest therein"

Section 16(a) regulatory

"for purposes of Section 16(a) of the Securities Exchange Act of 1934"

FAQ

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

What insider transactions in DLH Holdings Corp. (DLHC) were reported in this Form 4/A?

The amendment reports two indirect purchases totaling 470 shares of DLH Holdings Corp. common stock on July 23 and 24, 2026. The trades were executed by Mink Brook Partners LP at weighted-average prices in a narrow $5.08–$5.10 per-share range.

How many DLHC shares did Mink Brook Asset Management LLC buy and at what prices?

Entities associated with Mink Brook Asset Management LLC bought 470 DLHC shares. On July 23, 79 shares were purchased at $5.0975 per share, with individual trades from $5.08–$5.10. On July 24, 391 shares were bought at $5.0997 per share, with trades from $5.09–$5.10.

Who directly owns the DLHC shares referenced in the Mink Brook Form 4/A filing?

The common stock is owned directly by Mink Brook Partners LP. As investment manager and general partner, Mink Brook Asset Management LLC and Mink Brook Capital GP LLC, along with William Mueller, may be deemed beneficial owners but disclaim beneficial ownership except to their pecuniary interest.

Was a Rule 10b5-1 trading plan used for these DLHC insider purchases?

The document-level Rule 10b5-1 checkbox is marked as not checked, and no footnote describes a trading plan. Based on the disclosure, these July 23–24, 2026 purchases by Mink Brook Partners LP were not affirmatively reported as executed under a Rule 10b5-1 plan.

Why is this DLHC insider report filed as a Form 4/A amendment?

The amendment states that the total number of shares owned following the transaction was corrected to fix a mathematical error. The share counts for the July 23–24, 2026 purchases remain the same; only the post-transaction ownership figure was adjusted.

Is Mink Brook Asset Management LLC considered a large shareholder of DLHC?

Yes. The report identifies Mink Brook Asset Management LLC as a ten percent owner of DLH Holdings Corp. under Section 16 reporting rules. The shares are held indirectly through Mink Brook Partners LP, with related entities disclaiming beneficial ownership beyond their pecuniary interest.

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

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Available on EDGAR 07/31/2026 - 06:23 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)
07/23/2026

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)
07/24/2026

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")	07/23/2026		P		79	A	$5.0975(1)	2,158,379(2)	I	By Mink Brook Partners LP(3)(4)
Common Stock, par value $0.001 per share ("Common Stock")	07/24/2026		P		391	A	$5.0997(5)	2,158,770(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 multiple transactions at prices ranging from $5.08 to $5.10 inclusive. 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.

5. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.09 to $5.10 inclusive. 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.

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)