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DLH Holdings Corp. (DLHC) major holder Mink Brook Asset Management reports small stock purchase

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Mink Brook Asset Management LLC, a more than ten percent owner of DLH Holdings Corp., reported an open-market purchase of 10 shares of common stock at $5.0900 per share on July 27, 2026, held indirectly through Mink Brook Partners LP. After this trade, that fund is reported with 2,158,960.0000 shares, and Mink Brook Opportunity Fund LP is reported with 694,322.0000 shares, both as indirect holdings where beneficial ownership is disclaimed except for pecuniary interests. The transaction was not reported as executed under a Rule 10b5-1 trading plan.

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Insider Mink Brook Asset Management LLC
Role 10% Owner
Bought 10 shs ($50.90)
Type Security Shares Price Value
Purchase Common Stock, par value $0.001 per share ("Common Stock") F1, F2, F3 10 $5.09 $50.90
holding Common Stock, par value $0.001 per share ("Common Stock") F3, F4 -- -- --
Holdings After Transaction: Common Stock, par value $0.001 per share ("Common Stock") — 2,158,960 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 (4)
  1. F1. The price reported in column 4 is a weighted average price. These shares were purchased in one transaction at a price of $5.09. 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. 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 10.0000 shares Open-market purchase of DLH Holdings common stock on July 27, 2026
Purchase price $5.0900 per share Price for the 10.0000 DLH Holdings shares acquired
Holdings via Mink Brook Partners LP 2,158,960.0000 shares Indirectly owned DLH Holdings shares reported after the purchase
Holdings via Mink Brook Opportunity Fund LP 694,322.0000 shares Additional indirect DLH Holdings position reported as a holding entry
Net shares bought 10 shares Net buy volume across reported non-derivative transactions
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 regulatory
"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 regulatory
"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
"for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended"

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FAQ

What insider trade in DLH Holdings Corp. (DLHC) did Mink Brook Asset Management report?

Mink Brook Asset Management reported a purchase of 10 shares of DLH Holdings Corp. common stock on July 27, 2026. The shares were bought in an open-market transaction at $5.0900 per share and are held indirectly through Mink Brook Partners LP.

At what price were the DLHC shares purchased in the latest Mink Brook Asset Management filing?

The reported DLHC shares were purchased at $5.0900 per share in a single transaction. A footnote states this price is reported as a weighted average price, and the reporting person undertakes to provide full trade details upon request to regulators or shareholders.

How many DLHC shares does Mink Brook Partners LP hold after the reported transaction?

Following the reported purchase, Mink Brook Partners LP is shown holding 2,158,960.0000 shares of DLH Holdings Corp. common stock. These shares are reported as indirectly owned by Mink Brook Asset Management LLC, which may be deemed a beneficial owner through its role as investment manager.

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

The filing lists 694,322.0000 shares of DLHC common stock held by Mink Brook Opportunity Fund LP. Mink Brook Asset Management LLC is the investment manager and may be deemed to beneficially own these securities, while disclaiming beneficial ownership beyond its pecuniary interest.

Does the DLHC Form 4 indicate use of a Rule 10b5-1 trading plan by Mink Brook Asset Management?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating that the DLHC trade was executed under a pre-arranged trading plan. The transaction is therefore reported as a discretionary open-market purchase.

How does Mink Brook Asset Management describe its beneficial ownership of DLHC shares?

Mink Brook Asset Management and its general partner disclaim beneficial ownership of the DLHC shares except to the extent of their pecuniary interest. The Form 4 states this should not be construed as an admission of beneficial ownership for purposes of Section 16(a) or any other purpose.
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)
07/27/2026
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")07/27/2026P10A$5.09(1)2,158,960IBy Mink Brook Partners LP(2)(3)
Common Stock, par value $0.001 per share ("Common Stock")694,322IBy Mink Brook Opportunity Fund LP(3)(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 one transaction at a price of $5.09. 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 Mueller07/28/2026
** 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)