Mink Brook fund buys DLH Holdings shares

Mink Brook Asset Management LLC, a more than 10% owner of DLH Holdings Corp., reported open-market purchases of a total of 1,090 shares of Common Stock on August 10–11, 2026, at weighted average prices around $4.82 per share, through Mink Brook Partners LP.

Accepted by SEC EDGAR 08/11/2026 - 04:20 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, a more than 10% owner of DLH Holdings Corp., reported open-market purchases of a total of 1,090 shares of Common Stock on August 10–11, 2026, at weighted average prices around $4.82 per share, through Mink Brook Partners LP. The shares are held indirectly by investment funds, and Mink Brook Asset Management LLC and related entities disclaim beneficial ownership beyond their pecuniary interest. An affiliated fund, Mink Brook Opportunity Fund LP, is reported as holding 694,322 shares of Common Stock indirectly.

Insider Trade Summary

Net Buyer: 1,090 shares

Net Buy 2 txns

Insider Mink Brook Asset Management LLC

Role 10% Owner

Bought 1,090 shs ($5K)

Increase in Position 0.05%

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F4, F2, F3	500	$4.8222	$2K
Purchase	Common Stock, par value $0.001 per share ("Common Stock") F1, F2, F3	590	$4.8177	$3K
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") — 2,175,260 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)

Holdings Before and After: Common Stock, par value $0.001 per share ("Common Stock"), 2,174,170 to 2,175,260 shares (Indirect, By Mink Brook Partners 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 $4.76 to $4.85 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 $4.77 to $4.85 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 2026-08-10: 590 shares Shares purchased 2026-08-11: 500 shares Total shares purchased: 1,090 shares +3 more

6 metrics

Shares purchased 2026-08-10 590 shares Indirectly purchased by Mink Brook Partners LP at weighted average $4.8177 per share

Shares purchased 2026-08-11 500 shares Indirectly purchased by Mink Brook Partners LP at weighted average $4.8222 per share

Total shares purchased 1,090 shares Aggregate of August 10–11, 2026 open-market purchases reported for DLHC

Holding by Opportunity Fund 694,322 shares Common Stock indirectly held by Mink Brook Opportunity Fund LP

Price range Aug 10 trades $4.76–$4.85 per share Weighted average price $4.8177; individual trades within this range

Price range Aug 11 trades $4.77–$4.85 per share Weighted average price $4.8222; individual trades within this range

Key Terms

weighted average price, beneficially own, pecuniary interest, Section 16(a), +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.

pecuniary interest financial

"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"

Section 16(a) regulatory

"beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934"

indirect ownership financial

"Represents securities owned directly by Mink Brook Partners LP ... may be deemed to beneficially own"

FAQ

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

What did Mink Brook Asset Management report in this Form 4 for DLHC?

Mink Brook Asset Management LLC reported purchases of 1,090 shares of DLH Holdings Corp. Common Stock on August 10–11, 2026, in open-market transactions through Mink Brook Partners LP.

At what prices were the DLHC shares bought by Mink Brook Asset Management?

The purchases were made at weighted average prices of $4.8177 and $4.8222 per share, with individual trades occurring in ranges of $4.76–$4.85 and $4.77–$4.85 per share.

How many DLHC shares did Mink Brook Asset Management buy in each transaction?

Mink Brook Partners LP purchased 590 shares of DLHC Common Stock on August 10, 2026, and 500 shares on August 11, 2026, for a combined total of 1,090 shares acquired indirectly.

How many DLHC shares are held by Mink Brook Opportunity Fund LP?

Mink Brook Opportunity Fund LP is reported as indirectly holding 694,322 shares of DLH Holdings Corp. Common Stock, with Mink Brook Asset Management LLC acting as investment manager to the fund.

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

Mink Brook Asset Management LLC and related entities disclaim beneficial ownership of the reported DLHC shares except to the extent of their pecuniary interest, despite being investment manager and general partner to the funds.

Were these DLHC share purchases under a Rule 10b5-1 plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that the 1,090-share purchase sequence was executed under a pre-arranged Rule 10b5-1 trading plan.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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)
08/10/2026

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")	08/10/2026		P		590	A	$4.8177(1)	2,174,760	I	By Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")	08/11/2026		P		500	A	$4.8222(4)	2,175,260	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 $4.76 to $4.85 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 $4.77 to $4.85 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	08/11/2026
	** 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)