Mink Brook buys 709 DLH Holdings shares around $4.5

Mink Brook Asset Management LLC, a ten percent owner of DLH Holdings Corp. (DLHC), reported indirect open-market purchases of the company’s common stock through affiliated funds.

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, a ten percent owner of DLH Holdings Corp. (DLHC), reported indirect open-market purchases of the company’s common stock through affiliated funds. On August 26, 2026, an affiliated fund purchased 500 shares at a weighted average price of $4.4875 per share, and on August 25, 2026, it purchased 209 shares at a weighted average price of $4.5406. A related fund is reported as holding 694,322 shares of common stock indirectly. Mink Brook Asset Management LLC and its related general partner disclaim beneficial ownership of these shares except to the extent of their pecuniary interest.

Insider Trade Summary

Net Buyer: 709 shares

Net Buy 3 txns

Insider Mink Brook Asset Management LLC

Role 10% Owner

Bought 709 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F4, F2, F3	500	$4.4875	$2K
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F1, F2, F3	209	$4.5406	$948.99
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") — 2,179,623 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 $4.51 to $4.55 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 $4.415 to $4.55 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.

Key Figures

Shares purchased on August 26, 2026: 500 shares Weighted average price on August 26, 2026 purchase: $4.4875 per share Shares purchased on August 25, 2026: 209 shares +3 more

6 metrics

Shares purchased on August 26, 2026 500 shares Indirect open-market purchase of DLH Holdings Corp. common stock

Weighted average price on August 26, 2026 purchase $4.4875 per share 500-share indirect purchase of common stock

Shares purchased on August 25, 2026 209 shares Indirect open-market purchase of DLH Holdings Corp. common stock

Weighted average price on August 25, 2026 purchase $4.5406 per share 209-share indirect purchase of common stock

Indirect holdings by Mink Brook Opportunity Fund LP 694,322 shares Indirect ownership of DLH Holdings Corp. common stock reported as of August 25, 2026

Total shares bought in this Form 4 period 709 shares Combined indirect purchases on August 25–26, 2026

Key Terms

weighted average price, beneficially own, disclaims beneficial ownership, pecuniary interest, +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"

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"

pecuniary interest financial

"except to the extent of its pecuniary interest therein"

ten percent owner financial

"Mink Brook Asset Management LLC is indicated as a ten percent owner"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions in DLHC stock did Mink Brook Asset Management LLC report?

Mink Brook Asset Management LLC reported two indirect open-market purchases of DLH Holdings Corp. common stock through an affiliated fund, totaling 709 shares on August 25–26, 2026, and reported an indirect holding position for a related fund.

How many DLHC shares were bought in the latest Form 4?

The affiliated fund bought 500 shares of DLHC on August 26, 2026, and 209 shares on August 25, 2026, for a combined total of 709 shares acquired indirectly by Mink Brook Asset Management LLC–related entities.

What prices were paid for the DLHC shares in these insider purchases?

The purchases were made at weighted average prices: $4.4875 per share for the 500-share purchase on August 26, 2026, and $4.5406 per share for the 209-share purchase on August 25, 2026, based on multiple trades within stated price ranges.

How many DLHC shares does the Mink Brook Opportunity Fund LP hold indirectly?

The Mink Brook Opportunity Fund LP is reported as indirectly holding 694,322 shares of DLH Holdings Corp. common stock as of August 25, 2026, with Mink Brook Asset Management LLC acting as investment manager and disclaiming beneficial ownership beyond its pecuniary interest.

Are the DLHC insider transactions made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes do not state that these trades were made under a Rule 10b5-1 trading plan. The purchases are described as open-market or private transactions by an affiliated fund.

Who is considered the owner of the DLHC shares in this Form 4?

The reported shares are owned directly by Mink Brook Partners LP and Mink Brook Opportunity Fund LP. Mink Brook Asset Management LLC, as investment manager and with a related general partner, may be deemed to beneficially own them but disclaims beneficial ownership except for its pecuniary interest.

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

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Available on EDGAR 08/26/2026 - 04:32 PM EDT Accepted by SEC EDGAR 08/26/2026 - 04:31 PM EDT 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)
08/25/2026

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")	08/25/2026		P		209	A	$4.5406(1)	2,179,123	I	By Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")	08/26/2026		P		500	A	$4.4875(4)	2,179,623	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)(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)
				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 prices ranging from $4.51 to $4.55 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 $4.415 to $4.55 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	08/26/2026
	** 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)