STOCK TITAN

DLH Holdings (NASDAQ: DLHC) holder Mink Brook buys 3,849 shares at $5.50

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

Rhea-AI Filing Summary

Mink Brook Partners LP, a fund managed by Mink Brook Asset Management LLC, reported open-market purchases of 3,849 shares of DLH Holdings Corp. common stock at a weighted average price of $5.50 per share. These transactions are reported on an indirect ownership basis.

After these purchases, Mink Brook Partners LP is shown holding 2,091,930 DLH common shares indirectly. A related fund, Mink Brook Opportunity Fund LP, is reported with indirect ownership of 694,322 DLH common shares. Mink Brook Asset Management LLC may be deemed to beneficially own these fund-held shares but disclaims beneficial ownership beyond its pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Mink Brook Asset Management LLC
Role null
Bought 3,849 shs ($21K)
Type Security Shares Price Value
Purchase Common Stock, par value $0.001 per share ("Common Stock") 3,739 $5.50 $21K
Purchase Common Stock, par value $0.001 per share ("Common Stock") 110 $5.50 $605.00
holding Common Stock, par value $0.001 per share ("Common Stock") -- -- --
Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,091,930 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.
Shares purchased 3,849 shares Open-market purchases of DLH Holdings common stock
Purchase price $5.50 per share Weighted average price for DLH share purchases
Mink Brook Partners LP holdings 2,091,930 shares Indirect DLH common stock position after transactions
Mink Brook Opportunity Fund LP holdings 694,322 shares Indirect DLH common stock position as reported
Net buy direction 3,849 shares net-buy Form 4 transaction summary for this reporting period
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"
indirect ownership financial
"ownership_type: indirect, nature_of_ownership: By Mink Brook Partners LP"
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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)
06/23/2026
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")06/23/2026P110A$5.5(1)2,088,191IBy Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")06/24/2026P3,739A$5.5(1)2,091,930IBy 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 Mueller06/24/2026
** 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 transaction did Mink Brook report for DLH Holdings (DLHC)?

Mink Brook Partners LP reported buying 3,849 shares of DLH Holdings common stock in open-market transactions at a weighted average price of $5.50 per share, modestly increasing its indirect stake managed by Mink Brook Asset Management LLC.

What price did Mink Brook pay for DLHC shares in the latest Form 4?

The reported DLH Holdings share purchases were executed at a weighted average price of $5.50 per share. Footnotes state these were multiple transactions at that price level, with full trade details available on request from regulators, the issuer, or its security holders.

How many DLH Holdings (DLHC) shares does Mink Brook Partners LP now hold?

Following the reported open-market purchases, Mink Brook Partners LP is shown holding 2,091,930 shares of DLH Holdings common stock indirectly. These shares are owned directly by the fund, with Mink Brook Asset Management LLC acting as its investment manager.

What DLHC holdings are reported for Mink Brook Opportunity Fund LP?

The filing shows Mink Brook Opportunity Fund LP indirectly holding 694,322 DLH Holdings common shares. Mink Brook Asset Management LLC is the investment manager for this fund as well and may be deemed to beneficially own these securities, subject to its pecuniary interest.

Who is the reporting person on the DLHC Form 4 and how is ownership structured?

The reporting person is Mink Brook Asset Management LLC, a more than ten percent owner of DLH Holdings. DLH shares are held directly by affiliated funds, including Mink Brook Partners LP and Mink Brook Opportunity Fund LP, with the asset manager reporting indirect beneficial ownership subject to disclaimers.