Mink Brook Asset Management LLC 4

What Happened

• Mink Brook Asset Management LLC, reported as a 10% owner (investment manager for related funds), purchased 4,407 shares of DLH Holdings Corp. (DLHC) in open-market transactions on July 13, 2026. The filing reports a weighted average price of $5.09 per share for a total purchase value of $22,443.
• This was a purchase (P), which is typically viewed as a bullish signal relative to sales, though institutional buys may reflect fund-level strategy rather than individual insider sentiment.

Key Details

• Transaction date: 2026-07-13; Form 4 filed: 2026-07-14.
• Shares purchased: 4,407; weighted average price: $5.09; price range reported: $5.0675–$5.10 (multiple trades) (Footnote F1).
• Total reported consideration: $22,443.
• Ownership after transaction: Not specified in this filing.
• Notable footnotes:
  • F2/F4: Shares are owned directly by two funds (Mink Brook Partners LP and Mink Brook Opportunity Fund LP); as investment manager, Mink Brook Asset Management LLC may be deemed to beneficially own those fund holdings.
  • F3: Mink Brook Asset Management LLC and related GP disclaim beneficial ownership except to the extent of pecuniary interest.
• Timeliness: Filed one day after the reported trades (within typical Section 16 filing windows).

Context

• This filing reflects institutional purchases by a 10% owner/manager of affiliated funds, not necessarily personal trading by an individual officer. Institutional purchases can reflect portfolio or fund strategy rather than a direct signal from company insiders.
• The weighted-average price and reported price range indicate multiple open-market executions; the filer offers to provide per-trade pricing details upon request (per F1).