DLHC 10% Owner Mink Brook Asset Management Buys Stock

What Happened
Mink Brook Asset Management LLC — reported as a 10% owner/manager of funds that hold DLH Holdings Corp. (DLHC) stock — purchased a total of 1,221 DLHC shares in open‑market transactions. The filing shows 1,000 shares acquired on 2026‑09‑09 at an average reported price of $3.93 (total ~$3,927) and 221 shares acquired on 2026‑09‑10 at an average reported price of $3.94 (total ~$871). These were purchases (a bullish action in the sense of buying shares rather than selling).

Key Details

• Transaction dates and prices:
  • 2026‑09‑09: 1,000 shares at $3.93 (weighted average; actual trades ranged $3.85–$4.04 per footnote).
  • 2026‑09‑10: 221 shares at $3.94 (weighted average; actual trades ranged $3.895–$3.975 per footnote).
• Total acquired: 1,221 shares for roughly $4,798.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1/F4: reported prices are weighted averages; the filer can provide per‑trade breakdowns on request.
  • F2/F5: the shares are owned directly by funds (Mink Brook Partners LP and Mink Brook Opportunity Fund LP); as investment manager, Mink Brook Asset Management 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 any pecuniary interest.
• Timeliness: Filing date 2026‑09‑10 for transactions through 2026‑09‑09 — appears timely (Form 4 must generally be filed within two business days).

Context
These are open‑market purchases by a 10% institutional owner/manager, not an individual executive. Institutional buys can reflect fund portfolio activity rather than the personal trading views of an officer or director. The weighted average price footnotes indicate the trades were executed in multiple fills at slightly different prices.