DLH Holdings (DLHC) fund holder adds 5,183 shares in open-market buys

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, as investment manager for affiliated funds, reported open-market purchases of DLH Holdings Corp. common stock. Through Mink Brook Partners LP, the funds bought a total of 5,183 shares at weighted average prices around $5.25 per share on June 29-30, 2026.

After these purchases, Mink Brook Partners LP indirectly holds 2,121,736 DLH shares, while Mink Brook Opportunity Fund LP is shown with an additional 694,322 indirectly held shares in a separate holding entry. The filing notes that Mink Brook Asset Management LLC and related entities disclaim beneficial ownership beyond their pecuniary interest.

Insider Trade Summary

Net Buyer: 5,183 shares ($27,208)

Net Buy 3 txns

Insider Mink Brook Asset Management LLC

Role null

Bought 5,183 shs ($27K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock")	4,543	$5.2493	$24K
Purchase	Common Stock, par value $0.001 per share ("Common Stock")	640	$5.25	$3K
holding	Common Stock, par value $0.001 per share ("Common Stock")	--	--	--

Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,121,736 shares (Indirect, By Mink Brook Partners LP)

Footnotes (1)

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at a price of $5.25 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. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.24 to $5.25 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 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

Shares purchased: 5,183 shares Purchase price (June 29): $5.25 per share Weighted average price (June 30): $5.2493 per share +2 more

5 metrics

Shares purchased 5,183 shares Total open-market buys reported across June 29-30, 2026

Purchase price (June 29) $5.25 per share Open-market purchase of 640 shares by Mink Brook Partners LP

Weighted average price (June 30) $5.2493 per share Open-market purchase of 4,543 shares by Mink Brook Partners LP

Post-transaction holdings – Partners LP 2,121,736 shares Indirectly held via Mink Brook Partners LP after June 30, 2026 trade

Holdings – Opportunity Fund LP 694,322 shares Indirectly held via Mink Brook Opportunity Fund LP as of June 29, 2026

Key Terms

weighted average price, beneficially own, pecuniary interest, ten percent owner, +1 more

5 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.

beneficially own financial

"Mink Brook Asset Management LLC may be deemed to beneficially own the securities owned directly by the Fund."

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 therein"

ten percent owner financial

"Mink Brook Asset Management LLC is identified as a ten percent owner in the reporting persons section."

indirect ownership financial

"ownership_type": "indirect", "ownership_code": "I""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 04:34 PM Accepted by SEC EDGAR 06/30/2026 - 04:34 PM

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)
06/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share ("Common Stock")	06/29/2026		P		640	A	$5.25⁽¹⁾	2,117,193	I	By Mink Brook Partners LP⁽²⁾⁽³⁾
Common Stock, par value $0.001 per share ("Common Stock")	06/30/2026		P		4,543	A	$5.2493⁽⁴⁾	2,121,736	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⁽⁴⁾⁽⁵⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $5.25 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. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.24 to $5.25 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.

5. 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	06/30/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Mink Brook Asset Management report in this DLHC Form 4 filing?

Mink Brook Asset Management, as investment manager to affiliated funds, reported open-market purchases of DLH Holdings common stock totaling 5,183 shares, plus an updated holding entry, reflecting indirect ownership positions across two investment funds it manages.

How many DLH Holdings (DLHC) shares were bought in the latest transactions?

The affiliated fund Mink Brook Partners LP bought 5,183 DLH Holdings common shares in open-market purchases. These trades occurred over two days and modestly increased the fund’s existing indirect position managed by Mink Brook Asset Management LLC.

At what prices did the Mink Brook fund purchase DLH Holdings shares?

The fund’s DLH Holdings purchases were executed at weighted average prices around $5.25 per share. One transaction used a weighted average across trades from $5.24 to $5.25, while another was reported at $5.25 inclusive.

What are Mink Brook’s total indirect DLHC holdings after these trades?

After the reported purchases, Mink Brook Partners LP indirectly holds 2,121,736 DLH shares. A separate holding entry shows Mink Brook Opportunity Fund LP with 694,322 shares, both positions managed by Mink Brook Asset Management LLC as investment manager.

Does Mink Brook Asset Management claim full beneficial ownership of these DLHC shares?

No. The filing states that Mink Brook Asset Management LLC, its general partner, and managing member disclaim beneficial ownership of the reported DLH shares, except to the extent of their pecuniary interest in the funds holding the securities.

Is Mink Brook Asset Management considered a ten percent owner of DLH Holdings?

Yes. The Form 4 identifies Mink Brook Asset Management LLC as a ten percent owner of DLH Holdings. This status requires reporting changes in its indirect positions in the company’s common stock through the funds it manages.