Mink Brook Asset Management buys DLH Holdings stock

Mink Brook Asset Management LLC, a 10% owner of DLH Holdings Corp., reported open-market purchases of 7,275 shares of Common Stock on July 7–8, 2026, at weighted-average prices of $5.1712 and $5.1443 per share, held indirectly through Mink Brook Partners LP.

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, a 10% owner of DLH Holdings Corp., reported open-market purchases of 7,275 shares of Common Stock on July 7–8, 2026, at weighted-average prices of $5.1712 and $5.1443 per share, held indirectly through Mink Brook Partners LP. This amended report corrects a mathematical error in total shares owned after the transactions, and the reporting entities and their managing member disclaim beneficial ownership beyond their pecuniary interest.

Insider Trade Summary

Net Buyer: 7,275 shares

Net Buy 2 txns

Insider Mink Brook Asset Management LLC

Role 10% Owner

Bought 7,275 shs ($38K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F5, F2, F3, F4	2,275	$5.1443	$12K
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F1, F2, F3, F4	5,000	$5.1712	$26K

Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,143,893 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 $5.155 to $5.20 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 $5.12 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.

Key Figures

Total shares purchased: 7275 shares Shares purchased on July 7, 2026: 5000 shares Shares purchased on July 8, 2026: 2275 shares +4 more

7 metrics

Total shares purchased 7275 shares Aggregate net purchases reported across two non-derivative transactions

Shares purchased on July 7, 2026 5000 shares Indirect open-market purchase by Mink Brook Partners LP

Shares purchased on July 8, 2026 2275 shares Indirect open-market purchase by Mink Brook Partners LP

Weighted average price range 7 Jul 2026 $5.155 to $5.20 Price range for July 7, 2026 purchases, per footnote

Weighted average price range 8 Jul 2026 $5.12 to $5.15 Price range for July 8, 2026 purchases, per footnote

Reported transaction price July 7, 2026 $5.1712 per share Weighted-average price for the 5,000-share purchase

Reported transaction price July 8, 2026 $5.1443 per share Weighted-average price for the 2,275-share 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 financial

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

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

"beneficial owner of any such shares 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 buying did Mink Brook Asset Management report for DLHC?

Mink Brook Asset Management reported buying 7,275 shares of DLH Holdings (DLHC) Common Stock on July 7 and 8, 2026. The shares were acquired in open-market transactions at weighted-average prices of $5.1712 and $5.1443, held indirectly via Mink Brook Partners LP.

How many DLH Holdings (DLHC) shares did Mink Brook buy on July 7, 2026?

On July 7, 2026, Mink Brook, through Mink Brook Partners LP, purchased 5,000 shares of DLH Holdings Common Stock. The reported weighted-average purchase price was $5.1712 per share, based on multiple trades between $5.155 and $5.20 inclusive.

How many DLHC shares were purchased on July 8, 2026, and at what prices?

On July 8, 2026, Mink Brook, via Mink Brook Partners LP, bought 2,275 shares of DLH Holdings Common Stock. The weighted-average price was $5.1443 per share, from trades executed between $5.12 and $5.15 inclusive, as disclosed in the footnotes.

Why is this DLH Holdings (DLHC) insider report filed as a Form 4/A?

It is an amended Form 4 because the filer states that the total number of shares owned following the transaction was corrected to fix a mathematical error. The amendment updates holdings data but keeps the transaction details the same.

Are the DLHC shares owned directly by Mink Brook Asset Management LLC?

The filing states the shares are held directly by Mink Brook Partners LP, with Mink Brook Asset Management LLC as investment manager. The manager and related entities disclaim beneficial ownership of the reported shares except to the extent of their pecuniary interest.

Were Mink Brook’s DLHC share purchases made under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox is not marked as affirmative, and no footnote describes a trading plan. The transactions are reported simply as open-market purchases, without indicating that they were executed under a pre-arranged Rule 10b5-1 plan.

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)
07/07/2026

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)
07/08/2026

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")	07/07/2026		P		5,000	A	$5.1712(1)	2,141,618(2)	I	By Mink Brook Partners LP(3)(4)
Common Stock, par value $0.001 per share ("Common Stock")	07/08/2026		P		2,275	A	$5.1443(5)	2,143,893(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 $5.155 to $5.20 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 $5.12 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.

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)