DLH Holdings (DLHC) 10% Owner Mink Brook Buys Stock

What Happened
Mink Brook Asset Management LLC — reported as a 10% owner (investment manager) — purchased a total of 709 DLH Holdings Corp. (DLHC) shares in open-market transactions. The filing shows 209 shares at a reported weighted-average price of $4.54 (≈ $949) on 2026-08-25 and 500 shares at a reported weighted-average price of $4.49 (≈ $2,244) on 2026-08-26, for combined consideration of about $3,193. These were purchases (buying stock), which are generally viewed as a more informative signal than routine sales.

Key Details

• Transaction dates and prices:
  • 2026-08-25: 209 shares, reported weighted-average $4.54 (total ≈ $949). Footnote: purchases occurred at prices ranging $4.51–$4.55.
  • 2026-08-26: 500 shares, reported weighted-average $4.49 (total ≈ $2,244). Footnote: purchases occurred at prices ranging $4.415–$4.55.
• Shares owned after transaction: not specified in the provided summary of the Form 4.
• Ownership structure and disclaimers:
  • Footnotes indicate the shares are owned directly by two funds (Mink Brook Partners LP and Mink Brook Opportunity Fund LP) for which Mink Brook Asset Management is the investment manager (may be deemed to beneficially own those fund holdings).
  • The reporting entities and the general partner disclaim beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: Form 4 was filed on 2026-08-26 reporting transactions on 2026-08-25 and 2026-08-26, which appears timely under normal Form 4 reporting rules.

Context
This filing reflects institutional purchases by a reported 10% owner/manager structure (fund-level holdings), not necessarily individual executive trading. Footnotes clarify weighted-average pricing across multiple executions and ownership via funds, so interpretations should account for fund-level investment activity rather than a single person’s trade.