Mink Brook Asset Management LLC 4

What Happened

• Mink Brook Asset Management LLC, reported as a 10% owner of DLH Holdings Corp. (DLHC), acquired 10 shares in an open-market/private purchase on July 27, 2026. The reported weighted-average price was $5.09 per share, for a total reported value of $51. This was a purchase (a net acquisition), which some investors view as a modest bullish action; however, the size is very small.

Key Details

• Transaction date and price: 2026-07-27; 10 shares at $5.09 each (weighted-average price; purchased in one trade).
• Report filed: Form 4 filed 2026-07-28 (timely filing for the 7/27/2026 transaction).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Price is a weighted-average; shares were bought in one transaction at $5.09.
  • F2/F4: Shares are owned directly by Mink Brook Partners LP and Mink Brook Opportunity Fund LP; as investment manager, Mink Brook Asset Management may be deemed to beneficially own those holdings.
  • F3: Mink Brook Asset Management LLC and related entities disclaim beneficial ownership except to the extent of pecuniary interest.
• Filing timeliness: No late filing indicated.

Context

• This filing reflects an institutional investor (Mink Brook) acquiring a very small number of shares (10 shares, ~$51), so it provides limited information about the firm’s broader position or sentiment.
• The footnotes indicate the purchase may relate to underlying fund holdings for which the manager could be deemed a beneficial owner, and the manager also disclaims broader beneficial ownership beyond pecuniary interest.