Mink Brook Asset Management LLC 4

4 · DLH Holdings Corp. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

DLH Holdings (DLHC) 10% Owner Buys 24,699 Shares

What Happened

Mink Brook Asset Management LLC, identified as a 10% owner, acquired a total of 24,699 shares of DLH Holdings Corp. (DLHC) in open-market purchases. The purchases were made at a reported weighted average price of $5.50 per share: 2,642 shares on 2026-02-17 ($14,531) and 22,057 shares on 2026-02-18 ($121,314), for a combined cash outlay of roughly $135,845.
These were outright purchases (P code) — purchases are often viewed as a more informative signal than sales because they show the buyer adding to a position, though this filing alone does not explain the buyer’s motive.

Key Details

Transaction dates and prices: 2026-02-17 — 2,642 shares @ $5.50; 2026-02-18 — 22,057 shares @ $5.50. Filing reports the $5.50 as a weighted average price (Footnote F1).
Shares owned after transaction: The Form 4 text provided does not state the total shares owned following these purchases.
Footnotes of note:
- F1: $5.50 is a weighted average; multiple trades occurred at that price.
- F2 & F4: The reported shares are held directly by two funds (Mink Brook Partners LP and Mink Brook Opportunity Fund LP); Mink Brook Asset Management LLC is the investment manager and therefore may be deemed to beneficially own the funds’ holdings.
- F3: The manager and related GP disclaim beneficial ownership except to the extent of any pecuniary interest.
Filing timeliness: Reported with a Period of Report of 2026-02-17 and filed 2026-02-18 — appears timely (not marked late).

Context

This filing reflects institutional buying by an investment manager on behalf of funds, not an individual executive. Institutional purchases can indicate confidence from a professional manager but do not carry the same insider-signaling implications as an executive or director buying stock.
No option exercises, gifts, tax withholdings, or sales were reported in this filing — only open-market purchases.

Form 4

Period: 2026-02-17

10% Owner

Transactions

Purchase
Common Stock, par value $0.001 per share ("Common Stock")
[F1][F2][F3]
2026-02-17$5.50/sh+2,642$14,531→ 1,953,090 total(indirect: By Mink Brook Partners LP)
Purchase
Common Stock, par value $0.001 per share ("Common Stock")
[F1][F2][F3]
2026-02-18$5.50/sh+22,057$121,314→ 1,975,147 total(indirect: By Mink Brook Partners LP)

Holdings

Common Stock, par value $0.001 per share ("Common Stock")
[F1][F4]
(indirect: By Mink Brook Opportunity Fund LP)
694,322

Footnotes (4)

[F1]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.
[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.
[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.
[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.

Signature

/s/ William Mueller|2026-02-18

1 file