STOCK TITAN

Mink Brook (NASDAQ: DLHC) funds report 69K-share DLH Holdings open-market buy

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Mink Brook Partners LP, an entity associated with Mink Brook Asset Management LLC, reported open-market purchases of a total of 69,059 shares of DLH Holdings Corp. common stock at a weighted average price of $5.50 per share. After these trades, Mink Brook Partners LP held 2,052,450 shares indirectly reported, while Mink Brook Opportunity Fund LP was shown holding 694,322 shares indirectly. Mink Brook Asset Management and related parties disclaim beneficial ownership beyond their pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Mink Brook Asset Management LLC
Role null
Bought 69,059 shs ($380K)
Type Security Shares Price Value
Purchase Common Stock, par value $0.001 per share ("Common Stock") 512 $5.50 $3K
Purchase Common Stock, par value $0.001 per share ("Common Stock") 68,547 $5.50 $377K
holding Common Stock, par value $0.001 per share ("Common Stock") -- -- --
Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,052,450 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.
Total shares bought 69,059 shares Open-market purchases of DLH Holdings common stock
Weighted average price $5.50 per share Price paid for DLH Holdings common stock purchases
Mink Brook Partners LP holdings 2,052,450 shares Indirect DLH Holdings position after reported purchases
Mink Brook Opportunity Fund LP holdings 694,322 shares Indirect DLH Holdings position shown as holding entry
Net buy direction Net-buy of 69,059 shares Form 4 transaction summary for DLH Holdings
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 regulatory
"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"
Section 16(a) regulatory
"beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934"
SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.001 per share ("Common Stock")05/13/2026P68,547A$5.5(1)2,051,938IBy Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")05/14/2026P512A$5.5(1)2,052,450IBy Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")694,322IBy Mink Brook Opportunity Fund LP(1)(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 Mueller05/14/2026
** Signature of Reporting PersonDate
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 transactions did Mink Brook report for DLH Holdings Corp. (DLHC)?

Entities associated with Mink Brook Asset Management LLC reported open-market purchases of DLH Holdings Corp. common stock. Mink Brook Partners LP bought 69,059 shares at a weighted average price of $5.50 per share, and updated indirect holdings for two affiliated funds in this Form 4.

How many DLH Holdings (DLHC) shares did Mink Brook Partners LP hold after the Form 4 trades?

Following the reported open-market purchases, Mink Brook Partners LP held 2,052,450 shares of DLH Holdings Corp. common stock indirectly. This figure reflects the position after buying 69,059 shares at $5.50 per share, as disclosed in the Form 4 filing data.

What was the purchase price in Mink Brook’s DLH Holdings (DLHC) Form 4 filing?

The filing reports a weighted average purchase price of $5.50 per share for DLH Holdings Corp. common stock. Shares were acquired in multiple open-market transactions at that inclusive price, and the filer offered to provide detailed trade breakdowns upon request.

Which entities actually own the DLH Holdings (DLHC) shares reported by Mink Brook?

The shares are owned directly by Mink Brook Partners LP and Mink Brook Opportunity Fund LP. Mink Brook Asset Management LLC is investment manager to these funds and may be deemed a beneficial owner, but it disclaims beneficial ownership except to the extent of its pecuniary interest.

How many DLH Holdings (DLHC) shares does Mink Brook Opportunity Fund LP hold?

The Form 4 shows Mink Brook Opportunity Fund LP indirectly holding 694,322 shares of DLH Holdings Corp. common stock. This is presented as a holding entry, separate from the 2,052,450 shares held by Mink Brook Partners LP, both managed by Mink Brook Asset Management LLC.

Does Mink Brook Asset Management LLC fully claim beneficial ownership of DLH (DLHC) shares?

No. Mink Brook Asset Management LLC, its affiliated general partner, and managing member all disclaim beneficial ownership of the reported DLH Holdings Corp. shares, except for any pecuniary interest. The filing clarifies this applies for Section 16(a) and other purposes.