Insider Filing: Mink Brook affiliate acquires DLH Holdings shares
Rhea-AI Filing Summary
Insider purchase reported for DLH Holdings Corp. (DLHC). Mink Brook Asset Management LLC, as reporting person, filed a Form 4 disclosing a purchase on 09/02/2025 of 197 shares of DLHC common stock at a weighted-average price of $5.50 (price reported as inclusive). The filing shows indirect beneficial ownership of 1,839,496 shares held by Mink Brook Partners LP and 694,322 shares held by Mink Brook Opportunity Fund LP. The Form 4 is signed by William Mueller on 09/03/2025. The filing includes a disclaimer that the manager and related entities disclaim beneficial ownership except to the extent of pecuniary interest.
Positive
- Purchase disclosed: Reporting person executed a purchase on 09/02/2025 of 197 shares at $5.50 (weighted-average price).
- Substantial disclosed indirect holdings: 1,839,496 shares via Mink Brook Partners LP and 694,322 shares via Mink Brook Opportunity Fund LP are reported.
Negative
- None.
Insights
TL;DR: Small reported purchase by related funds increases disclosed indirect holdings but is not a material change to ownership percentages.
The Form 4 shows a purchase of 197 shares at a weighted-average price of $5.50 and reports large indirect holdings held by two funds managed by Mink Brook Asset Management LLC: 1,839,496 shares and 694,322 shares respectively. The filing is routine Section 16 reporting of insider transactions and includes customary disclaimers about beneficial ownership. No derivative transactions or dispositions are reported. For investors, this is a factual record of an acquisition by funds affiliated with the reporting manager rather than a corporate action by DLHC.
TL;DR: Filing documents an affiliate purchase and clarifies affiliation and disclaimers; governance implications are limited.
The report lists Mink Brook Asset Management LLC as the reporting person and indicates its role as investment manager to two limited partnerships that directly own the disclosed shares. The filing includes a signed certification by William Mueller and explicit disclaimers that the manager and related GP disclaim beneficial ownership except for pecuniary interest. This is standard for manager-of-fund reporting and does not, by itself, alter control or governance status disclosed within the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 197 | $5.50 | $1K |
| holding | Common Stock, par value $0.001 per share ("Common Stock") | -- | -- | -- |
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at a price of $5.50 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. 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. 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. Represents securities owned directly by Mink Brook Opportunity Fund 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.
