Mink Brook fund buys 10,000 DLH Holdings Corp. (DLHC) shares

Rhea-AI Filing Summary

DLH Holdings Corp. reported indirect insider purchases tied to Mink Brook Partners LP, an investment fund managed by Mink Brook Asset Management LLC. The fund bought 10,000 shares of common stock in open‑market trades on July 9–10, 2026 at weighted average prices of $5.1255 and $5.0912 per share. An amendment corrects the total shares owned after one transaction, and the manager disclaims beneficial ownership beyond its pecuniary interest.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 2 txns

Insider Mink Brook Asset Management LLC

Role 10% Owner

Bought 10,000 shs ($51K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F5, F2, F3, F4	5,000	$5.0912	$25K
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F1, F2, F3, F4	5,000	$5.1255	$26K

Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,153,893 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 $5.07 to $5.15 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 $5.06 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

Shares purchased July 9, 2026: 5,000 shares at $5.1255 per share Shares purchased July 10, 2026: 5,000 shares at $5.0912 per share Total shares purchased: 10,000 shares +2 more

5 metrics

Shares purchased July 9, 2026 5,000 shares at $5.1255 per share Open-market purchase of DLH Holdings Corp. common stock

Shares purchased July 10, 2026 5,000 shares at $5.0912 per share Open-market purchase of DLH Holdings Corp. common stock

Total shares purchased 10,000 shares Aggregate of the two reported open-market purchases

Price range July 9, 2026 $5.07 to $5.15 per share Multiple trades executed within this range; price is weighted average

Price range July 10, 2026 $5.06 to $5.10 per share Multiple trades executed within this range; price is weighted average

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

"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"

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Form 4 Insider Transactions: What Each Field Means →

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

FAQ

What insider share purchases in DLHC did Mink Brook report?

Mink Brook Partners LP, managed by Mink Brook Asset Management LLC, purchased 10,000 DLH Holdings common shares in open‑market trades on July 9–10, 2026. The trades used weighted average prices of $5.1255 and $5.0912 per share, all held indirectly through the fund.

Who directly owns the DLHC shares reported in this insider activity?

The DLHC shares are owned directly by Mink Brook Partners LP. Mink Brook Asset Management LLC acts as investment manager and related general partner, may be deemed a beneficial owner, yet disclaims beneficial ownership except to the extent of its pecuniary interest.

What price ranges applied to the recent DLHC share purchases?

The reported per‑share prices are weighted averages. July 9, 2026 trades occurred between $5.07 and $5.15; July 10, 2026 trades occurred between $5.06 and $5.10, as disclosed for the DLHC common stock purchases. Exact trade details are available from the reporting person on request.

Why was an amendment made related to DLHC insider holdings?

An amendment was made because the total number of shares owned after one transaction contained a mathematical error. The corrected insider report for DLHC clarifies post‑transaction holdings while leaving the underlying July 2026 purchase amounts and weighted average prices unchanged.

Are the DLHC insider shares held directly or indirectly?

The reported DLHC shares are held indirectly through Mink Brook Partners LP. Mink Brook Asset Management LLC reports the transactions because it serves as investment manager, while expressly disclaiming beneficial ownership beyond its economic, or pecuniary, interest in the partnership’s holdings.

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)
07/09/2026

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)
07/10/2026

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")	07/09/2026		P		5,000	A	$5.1255(1)	2,148,893(2)	I	By Mink Brook Partners LP(3)(4)
Common Stock, par value $0.001 per share ("Common Stock")	07/10/2026		P		5,000	A	$5.0912(5)	2,153,893(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 $5.07 to $5.15 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 $5.06 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)