Mink Brook Asset Management LLC 4

What Happened
Mink Brook Asset Management LLC (reported as a 10% owner / investment manager) purchased 8,048 shares of DLH Holdings Corp. (DLHC) on February 19, 2026. The shares were acquired in open‑market transactions at a weighted average price of $5.50 per share, for a total reported outlay of $44,264. This was a purchase (accumulation) rather than a sale.

Key Details

• Transaction date: 2026-02-19; filing date (Form 4): 2026-02-20 (filed next day, appears timely).
• Price: $5.50 per share (weighted average; purchases occurred in multiple transactions at $5.50 inclusive — filer offers to provide per‑trade detail on request).
• Shares purchased: 8,048; aggregate value reported: $44,264.
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Footnotes of note: the shares are reported as owned directly by underlying funds (Mink Brook Partners LP and Mink Brook Opportunity Fund LP) for which Mink Brook Asset Management LLC is investment manager; the filer disclaims beneficial ownership except to the extent of any pecuniary interest.

Context
This is an institutional purchase by a 10% owner/manager rather than an individual executive trade. Purchases by insiders or related investment managers can be interpreted as a positive signal, but the reported dollar amount here is modest. The filing contains standard ownership and disclaimer footnotes and was filed promptly.