DLH Holdings Corp. insider Zachary C. Parker reports beneficial ownership of 584,594 shares of common stock, representing 4.0% of the class. This total includes 549,594 shares held directly and options to purchase 35,000 shares. The percentage is calculated against 14,493,035 shares outstanding as of January 21, 2026, plus Mr. Parker’s exercisable options. The filing notes that his holdings represent ownership of 5 percent or less of the company’s common stock and exclude unvested restricted stock units.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)
DLH Holdings Corp.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
23335Q100
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
23335Q100
1
Names of Reporting Persons
Zachary C. Parker
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
584,594.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
584,594.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
584,594.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.0 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
DLH Holdings Corp.
(b)
Address of issuer's principal executive offices:
3565 Piedmont Road, Building 3, Suite 700, Atlanta, Georgia, 30305
Item 2.
(a)
Name of person filing:
Zachary C. Parker
(b)
Address or principal business office or, if none, residence:
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
584,594 (1)
(1) Consists of 549,594 shares of Common Stock held of record by Mr. Parker and options to purchase an aggregate of 35,000 shares of Common Stock.
(b)
Percent of class:
4.0%
Percent of class based on the quotient obtained by dividing (a) the aggregate number of shares of Common Stock beneficially owned by the Reporting Person as set forth in Item 4(a) by (b) the sum of (i) 14,493,035 shares of Common Stock outstanding as of January 21, 2026, as reported by the Issuer, and (ii) the aggregate number of shares of Common Stock beneficially owned by the Reporting Person which may be issued upon the exercise of options held by the Reporting Person, which options are treated as being exercised for shares of Common Stock only for the purpose of computing the percentage ownership of the Reporting Person. Excludes unvested restricted stock units previously granted to the Reporting Person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
584,594 (1)
(1) Consists of 549,594 shares of Common Stock held of record by Mr. Parker and options to purchase an aggregate of 35,000 shares of Common Stock.
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
584,594 (1)
(1) Consists of 549,594 shares of Common Stock held of record by Mr. Parker and options to purchase an aggregate of 35,000 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What percentage of DLH Holdings Corp. (DLHC) does Zachary C. Parker beneficially own?
Zachary C. Parker beneficially owns 4.0% of DLH Holdings Corp. common stock. This percentage is based on 14,493,035 shares outstanding as of January 21, 2026, plus his exercisable options included in the ownership calculation.
How many DLH Holdings Corp. (DLHC) shares does Zachary C. Parker beneficially own?
Zachary C. Parker beneficially owns 584,594 shares of DLH Holdings Corp. common stock. This consists of 549,594 shares held of record and options to purchase an additional 35,000 shares of common stock included in the total.
How is Zachary C. Parker’s 4.0% ownership in DLH Holdings Corp. (DLHC) calculated?
The 4.0% ownership is calculated by dividing 584,594 beneficially owned shares by the sum of 14,493,035 shares outstanding as of January 21, 2026 and the 35,000 shares issuable upon exercise of Mr. Parker’s options included for this computation.
Does Zachary C. Parker’s DLH Holdings Corp. (DLHC) ownership include options?
Yes. His reported beneficial ownership includes options to purchase 35,000 shares of common stock. These option shares are added to his 549,594 directly held shares when calculating the total 584,594 shares reported in the Schedule 13G/A filing.
Are unvested restricted stock units included in Zachary C. Parker’s DLH Holdings Corp. (DLHC) ownership?
No. The filing explicitly states that the ownership calculation excludes unvested restricted stock units previously granted to Mr. Parker. Only shares held of record and options to purchase 35,000 shares are included in the reported beneficial ownership.
What does Schedule 13G/A Amendment No. 9 for DLH Holdings Corp. (DLHC) report about Zachary C. Parker?
Schedule 13G/A Amendment No. 9 reports that Zachary C. Parker beneficially owns 584,594 shares of DLH Holdings Corp. common stock, equal to 4.0% of the class. It confirms he has sole voting and dispositive power over these reported shares.