STOCK TITAN

Mink Brook funds add DLH Holdings (DLHC) stock in open-market buys

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

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, through affiliated funds, reported open-market purchases of a total of 7,275 shares of DLH Holdings Corp. common stock. Mink Brook Partners LP now holds 2,144,073 shares indirectly managed by the firm, and Mink Brook Opportunity Fund LP holds 694,322 shares. The prices reported are weighted averages based on multiple trades in narrow ranges around $5.14–$5.17 per share.

Positive

  • None.

Negative

  • None.
Insider Mink Brook Asset Management LLC
Role null
Bought 7,275 shs ($38K)
Type Security Shares Price Value
Purchase Common Stock, par value $0.001 per share ("Common Stock") 2,275 $5.1443 $12K
Purchase Common Stock, par value $0.001 per share ("Common Stock") 5,000 $5.1712 $26K
holding Common Stock, par value $0.001 per share ("Common Stock") -- -- --
Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,144,073 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 prices ranging from $5.155 to $5.20 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 $5.12 to $5.15 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.
Total shares purchased 7,275 shares Net open-market purchases reported across two transactions
Purchase price 1 $5.1712 per share Weighted average price for 5,000-share purchase on 2026-07-07
Purchase price 2 $5.1443 per share Weighted average price for 2,275-share purchase on 2026-07-08
Mink Brook Partners LP holdings 2,144,073 shares Common stock held indirectly after 2026-07-08 purchase
Mink Brook Opportunity Fund LP holdings 694,322 shares Common stock reported as indirectly managed holding
Net buy/sell direction 7,275-share net buy Form 4 transaction summary for this reporting period
open-market purchase financial
"transaction_action: "open-market purchase" for DLH common stock"
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.
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
"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.
disclaims beneficial ownership financial
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"
Section 16(a) of the Securities Exchange Act of 1934 regulatory
"beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934"
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 insider activity did Mink Brook report for DLH Holdings (DLHC)?

Mink Brook-related funds reported open-market purchases totaling 7,275 DLH Holdings common shares. The transactions increased indirect holdings via Mink Brook Partners LP and Mink Brook Opportunity Fund LP, as disclosed in a Form 4 insider filing with weighted-average prices around $5.14–$5.17 per share.

How many DLH Holdings (DLHC) shares do Mink Brook funds now hold?

After the reported transactions, Mink Brook Partners LP holds 2,144,073 DLH Holdings common shares, and Mink Brook Opportunity Fund LP holds 694,322 shares. Both positions are reported as indirectly managed by Mink Brook Asset Management LLC, with beneficial ownership disclaimed except for pecuniary interest.

At what prices did Mink Brook funds buy DLH Holdings (DLHC) shares?

The reported purchases used weighted average prices of $5.1712 and $5.1443 per share. Footnotes explain these reflect multiple trades in ranges from $5.12 to $5.20. Full price breakdowns are available upon request from the issuer, SEC staff, or security holders.

Were Mink Brook’s DLH Holdings (DLHC) trades open-market purchases?

Yes. The Form 4 classifies the two reportable transactions as open-market purchases of DLH Holdings common stock. They are coded as “P” transactions, indicating purchases in the open market or private transactions, and increase the funds’ indirectly managed shareholdings.

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

No. Mink Brook Asset Management LLC and its related general partner disclaim beneficial ownership of the reported DLH Holdings shares, except to the extent of their pecuniary interest. The shares are owned directly by Mink Brook Partners LP and Mink Brook Opportunity Fund LP, which the firm manages.
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)
07/07/2026
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")07/07/2026P5,000A$5.1712(1)2,141,798IBy Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")07/08/2026P2,275A$5.1443(4)2,144,073IBy Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")694,322IBy 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)
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 $5.155 to $5.20 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 $5.12 to $5.15 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 Mueller07/08/2026
** 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)