STOCK TITAN

Mink Brook Asset Management (DLHC) ups stake with 8,385-share buy

(Neutral)
(Positive)
Form Type
4

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, a ten percent owner of DLH Holdings Corp., reported open-market purchases totaling 8,385 shares of common stock on July 30–31, 2026, at weighted average prices of $4.9596 and $4.864 per share. An affiliated fund is reported as indirectly holding 694,322 shares, and Mink Brook and related entities disclaim beneficial ownership beyond their pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Mink Brook Asset Management LLC
Role 10% Owner
Bought 8,385 shs ($42K)
Type Security Shares Price Value
Purchase Common Stock, par value $0.001 per share ("Common Stock") F4, F2, F3 441 $4.864 $2K
Purchase Common Stock, par value $0.001 per share ("Common Stock") F1, F2, F3 7,944 $4.9596 $39K
holding Common Stock, par value $0.001 per share ("Common Stock") F3, F5 -- -- --
Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,167,165 shares (Indirect, By Mink Brook Partners LP); Common Stock, par value $0.001 per share ("Common Stock") — 694,322 shares (Indirect, By Mink Brook Opportunity Fund 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 $4.775 to $5.10 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. 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. 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. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.845 to $4.90 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. F5. 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.
Shares purchased July 30, 2026 7,944 shares Open-market purchase at weighted average price $4.9596 per share, range $4.775–$5.10
Shares purchased July 31, 2026 441 shares Open-market purchase at weighted average price $4.864 per share, range $4.845–$4.90
Total shares purchased 8,385 shares Combined open-market purchases by Mink Brook Partners LP over July 30–31, 2026
Indirect holdings reported 694,322 shares Common stock held indirectly by Mink Brook Opportunity Fund LP as of July 30, 2026
Weighted average price July 30, 2026 $4.9596 per share Price for 7,944-share purchase, with trades from $4.775 to $5.10
Weighted average price July 31, 2026 $4.864 per share Price for 441-share purchase, with trades from $4.845 to $4.90
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 regulatory
"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 regulatory
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"
indirect ownership financial
"directly by Mink Brook Partners LP ... indirect ownership by investment manager"
ten percent owner regulatory
"Mink Brook Asset Management LLC is reported as a ten percent owner"

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

What DLHC insider stock purchases did Mink Brook Asset Management report?

Mink Brook Asset Management reported two open-market purchases of DLH Holdings common stock, buying 7,944 shares on July 30, 2026 and 441 shares on July 31, 2026 through Mink Brook Partners LP at weighted average prices around $5 per share.

How many DLHC shares did Mink Brook buy and at what prices?

Mink Brook entities bought a total of 8,385 DLHC shares. They acquired 7,944 shares at $4.9596 weighted average (range $4.775–$5.10) and 441 shares at $4.864 weighted average (range $4.845–$4.90), all in open-market transactions.

What indirect DLHC holdings are reported for Mink Brook-affiliated funds?

An affiliated fund, Mink Brook Opportunity Fund LP, is reported as indirectly holding 694,322 DLHC shares of common stock. This position is attributed to the fund, with Mink Brook Asset Management LLC as investment manager and indirect beneficial owner to the extent of its pecuniary interest.

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

No. Mink Brook Asset Management LLC and related entities disclaim beneficial ownership of the DLHC shares reported, except to the extent of their pecuniary interest. The filing states it should not be construed as an admission of beneficial ownership for Section 16(a) or other purposes.

Were Mink Brook’s DLHC insider purchases reported using weighted average prices?

Yes. Both DLHC purchases used a weighted average price. The 7,944-share trade averaged $4.9596 with prices from $4.775–$5.10, and the 441-share trade averaged $4.864 with prices from $4.845–$4.90, with full breakdowns available on request.
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)
07/30/2026
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")07/30/2026P7,944A$4.9596(1)2,166,724IBy Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")07/31/2026P441A$4.864(4)2,167,165IBy Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")694,322IBy Mink Brook Opportunity Fund LP(3)(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)
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 prices ranging from $4.775 to $5.10 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 $4.845 to $4.90 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 Mueller07/31/2026
** 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)