DLH Holdings (DLHC) 10% Owner Mink Brook Asset Management Buys Shares

What Happened
Mink Brook Asset Management LLC, reported as a 10% owner of DLH Holdings Corp. (DLHC), made two open-market purchases: 224 shares on 2026-08-27 at a reported weighted average price of $4.49 (total ~$1,005) and 500 shares on 2026-08-28 at a reported weighted average price of $4.47 (total ~$2,234). Combined, the transactions added 724 shares costing about $3,239. These were purchases (buying stock), which many investors view as a more informative signal than routine sales, though no motive should be assumed.

Key Details

• Transaction dates and reported prices:
  • 2026-08-27 — 224 shares at $4.49 (weighted average; prices ranged $4.47–$4.50 per footnote F1)
  • 2026-08-28 — 500 shares at $4.47 (weighted average; purchases occurred across prices described in footnotes)
• Total purchased: 724 shares for approximately $3,239.
• Shares owned after the transactions: not specified in the information provided in your summary.
• Filing: Form 4 was filed with the SEC on 2026-08-28 (the filing lists transactions on Aug 27–28). No late-filing flag was provided in the supplied details.
• Notable footnotes:
  • F1/F4: Reported prices are weighted averages; purchases occurred in multiple trades at prices in the ranges disclosed (e.g., $4.41–$4.50 and $4.47–$4.50); the filer will provide per-trade breakdown on request.
  • F2/F5: Some reported securities are owned directly by related 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: The manager and its GP disclaim beneficial ownership except to the extent of any pecuniary interest.

Context
This filing reflects activity by an institutional 10% owner / investment manager rather than an individual executive. Institutional purchases can reflect portfolio allocation decisions rather than company-insider sentiment. The filing’s footnotes clarify pricing was aggregated across multiple trades and that some holdings are held by funds managed by Mink Brook.