Mink Brook funds add DLH Holdings (DLHC) shares in latest Form 4

Rhea-AI Filing Summary

DLH Holdings Corp. insider filing shows affiliated funds increasing their stake. Mink Brook Asset Management LLC reported an open-market purchase of 1,713 shares of common stock at $5.50 per share for Mink Brook Partners LP, raising that fund’s holdings to 2,074,405 shares. Mink Brook Opportunity Fund LP is shown holding 694,322 shares, with Mink Brook entities disclaiming beneficial ownership beyond their pecuniary interests.

Insider Trade Summary

Net Buyer: 1,713 shares ($9,422)

Net Buy 2 txns

Insider Mink Brook Asset Management LLC

Role null

Bought 1,713 shs ($9K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock")	1,713	$5.50	$9K
holding	Common Stock, par value $0.001 per share ("Common Stock")	--	--	--

Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,074,405 shares (Indirect, By Mink Brook Partners LP)

Footnotes (1)

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.

Key Figures

Open-market purchase: 1,713 shares at $5.50 Holdings after purchase (Partners LP): 2,074,405 shares Holdings (Opportunity Fund LP): 694,322 shares +1 more

4 metrics

Open-market purchase 1,713 shares at $5.50 Common Stock transaction by Mink Brook Partners LP

Holdings after purchase (Partners LP) 2,074,405 shares Mink Brook Partners LP total DLH common stock

Holdings (Opportunity Fund LP) 694,322 shares Mink Brook Opportunity Fund LP DLH common stock

Net buy shares 1,713 shares Net buy direction in transaction summary

Key Terms

open-market purchase, beneficially own, pecuniary interest, Section 16(a), +1 more

5 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

beneficially own financial

"Mink Brook Asset Management LLC may be deemed to beneficially own the securities"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

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 of 1934"

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/12/2026 - 04:12 PM Accepted by SEC EDGAR 06/12/2026 - 04:11 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)
06/11/2026

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)

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")	06/11/2026		P		1,713	A	$5.5(1)	2,074,405	I	By Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")								694,322	I	By Mink Brook Opportunity Fund 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 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.

2. 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.

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 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.

Remarks:

	/s/ William Mueller	06/12/2026
	** 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)

FAQ

What insider activity did Mink Brook report in DLH Holdings (DLHC) shares?

Mink Brook Asset Management LLC reported an open-market purchase of 1,713 DLH Holdings common shares at $5.50 per share for Mink Brook Partners LP, modestly increasing that fund’s total reported holdings to 2,074,405 shares of DLH common stock.

Who actually owns the DLH Holdings (DLHC) shares reported in this Form 4?

The shares are held directly by Mink Brook Partners LP and Mink Brook Opportunity Fund LP. Mink Brook Asset Management LLC is the investment manager and may be deemed to beneficially own them but disclaims beneficial ownership beyond its pecuniary interest.

How many DLH Holdings (DLHC) shares did Mink Brook Partners LP hold after the transaction?

After buying 1,713 DLH Holdings shares, Mink Brook Partners LP is reported as holding 2,074,405 shares of common stock. This figure reflects total indirect ownership through the fund as of the transaction date disclosed in the Form 4.

What is reported for Mink Brook Opportunity Fund LP’s DLH Holdings (DLHC) position?

Mink Brook Opportunity Fund LP is reported as holding 694,322 shares of DLH Holdings common stock. This entry is shown as a holding rather than a new trade, indicating the position size after the reported date in the Form 4.

What does the Form 4 say about Mink Brook’s beneficial ownership of DLH Holdings (DLHC)?

The filing states Mink Brook Asset Management LLC and related entities disclaim beneficial ownership of the reported DLH shares except to the extent of their pecuniary interest. The Form 4 clarifies this is not an admission of beneficial ownership under Section 16(a).

How was the DLH Holdings (DLHC) purchase price reported in the Form 4?

The Form 4 reports a weighted average purchase price of $5.50 per share for the 1,713 DLH Holdings shares. It notes the shares were bought in multiple transactions and offers to provide detailed pricing breakdowns upon request to regulators or shareholders.