DLH Holdings (DLHC) 10% Owner Mink Brook Buys 520 Shares

What Happened
Mink Brook Asset Management LLC (reported as a 10% owner) purchased a total of 520 shares of DLH Holdings Corp. (DLHC) in two open-market transactions: 204 shares on 2026-09-17 at a weighted average price of $3.96 (≈ $807) and 316 shares on 2026-09-18 at a weighted average price of $3.93 (≈ $1,241), for combined consideration of about $2,048. These were purchases (transaction code P), i.e., buys rather than sales.

Key Details

• Transaction dates and amounts: 2026-09-17 — 204 shares @ $3.96 (weighted avg); 2026-09-18 — 316 shares @ $3.93 (weighted avg). Total 520 shares, ≈ $2,048.
• Filing: Form 4 filed 2026-09-18 reporting the 9/17–9/18 purchases (timely filing).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1 / F4: Reported prices are weighted averages; purchases occurred in multiple trades at price ranges $3.83–$3.99 and $3.85–$3.995 respectively (reporting person can provide breakdown on request).
  • F2 / F5: The shares are owned directly by two funds (Mink Brook Partners LP and Mink Brook Opportunity Fund LP); as manager, Mink Brook Asset Management may be deemed to beneficially own those fund holdings.
  • F3: The manager and related GP disclaims beneficial ownership except to the extent of pecuniary interest.

Context
This filing reports institutional fund purchases by a reported 10% owner (an investment manager), which can reflect fund-level allocation decisions rather than personal trading by an executive. Multiple trades at slightly different prices produced the weighted averages; watch future filings for changes in total fund holdings if you want to track longer-term insider accumulation.