Mink Brook boosts DLH Holdings (DLHC) stake with open-market buys

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Mink Brook Asset Management LLC reported open-market purchases of DLH Holdings Corp. common stock through its affiliated fund. Mink Brook Partners LP bought 49 shares of common stock at $5.50 per share on June 8, 2026 and 71 shares at $5.50 per share on June 9, 2026, totaling 120 shares acquired.

After these transactions, Mink Brook Partners LP held 2,072,692 shares of DLH Holdings common stock indirectly attributed to the reporting person, while Mink Brook Opportunity Fund LP held 694,322 shares as a separate indirect position. The reporting entities and their general partner state that they may be deemed to beneficially own these securities but expressly disclaim beneficial ownership except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 120 shares ($660)

Net Buy 3 txns

Insider Mink Brook Asset Management LLC

Role null

Bought 120 shs ($660.00)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock")	71	$5.50	$390.50
Purchase	Common Stock, par value $0.001 per share ("Common Stock")	49	$5.50	$269.50
holding	Common Stock, par value $0.001 per share ("Common Stock")	--	--	--

Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,072,692 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 $5.50 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.

Key Figures

Shares bought June 9, 2026: 71 shares at $5.50 Shares bought June 8, 2026: 49 shares at $5.50 Total shares bought: 120 shares +3 more

6 metrics

Shares bought June 9, 2026 71 shares at $5.50 Open-market purchase by Mink Brook Partners LP

Shares bought June 8, 2026 49 shares at $5.50 Open-market purchase by Mink Brook Partners LP

Total shares bought 120 shares Net open-market purchases reported in this filing

Partners LP holdings after trades 2,072,692 shares Indirectly reported position in DLH Holdings common stock

Opportunity Fund LP holdings 694,322 shares Indirectly reported position in DLH Holdings common stock

Purchase price $5.50 per share Weighted average price for both reported purchases

Key Terms

open-market purchase, beneficially own, pecuniary interest, Section 16(a)

4 terms

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 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.

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"

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Form 4 Insider Transactions: What Each Field Means →

06/09/2026 - 04:36 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)
06/08/2026

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")	06/08/2026		P		49	A	$5.5⁽¹⁾	2,072,621	I	By Mink Brook Partners LP⁽²⁾⁽³⁾
Common Stock, par value $0.001 per share ("Common Stock")	06/09/2026		P		71	A	$5.5⁽¹⁾	2,072,692	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⁽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)
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 $5.50 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 Mueller	06/09/2026
	** 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 insider transactions did Mink Brook report in DLH Holdings (DLHC)?

Mink Brook, via Mink Brook Partners LP, reported two open-market purchases of DLH Holdings common stock, buying 49 shares on June 8, 2026 and 71 shares on June 9, 2026, both at $5.50 per share, for a total of 120 shares acquired.

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

The reported open-market purchases were executed at a weighted average price of $5.50 per share. Footnotes state the 120 shares were bought in multiple transactions, all at $5.50 inclusive, with detailed trade breakdowns available to regulators and holders on request.

How many DLH Holdings (DLHC) shares does Mink Brook Partners LP hold after these trades?

After the reported purchases, Mink Brook Partners LP held 2,072,692 shares of DLH Holdings common stock. These shares are reported indirectly by Mink Brook Asset Management LLC as investment manager, with beneficial ownership disclaimed except for any pecuniary interest.

What is Mink Brook Opportunity Fund LP’s position in DLH Holdings (DLHC)?

Mink Brook Opportunity Fund LP is reported as directly owning 694,322 DLH Holdings common shares. Mink Brook Asset Management LLC, as investment manager, may be deemed to beneficially own these securities but disclaims beneficial ownership except to the extent of any pecuniary interest in the fund.

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

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. They state that filing Form 4 should not be viewed as an admission of beneficial ownership for Section 16(a) or other purposes.