DLH Holdings (DLHC) 10% Owner Mink Brook Buys 158 Shares

What Happened

• Mink Brook Asset Management LLC (reported as a 10% owner/manager) made open-market purchases of DLH Holdings Corp. (DLHC) common stock: 100 shares on 2026-09-23 at a weighted average near $3.88 ($388) and 58 shares on 2026-09-24 at a weighted average near $3.85 ($223). Total acquired = 158 shares for about $611. These were purchases (a bullish or accumulation signal vs. a sale).

Key Details

• Transaction dates and prices:
  • 2026-09-23 — 100 shares; weighted average price reported $3.88 (actual trades ranged $3.865–$3.90) (see footnote F1).
  • 2026-09-24 — 58 shares; weighted average price reported $3.85 (actual trades ranged $3.835–$3.85) (see footnote F4).
• Reported dollar amounts: $388 and $223 respectively; total ≈ $611.
• Ownership after transaction: not specified in the provided Form 4 excerpt.
• Filing timeliness: Form filed 2026-09-24 for trades on 9/23 and 9/24 — appears to have been filed promptly (within required SEC reporting window).
• Notable footnotes:
  • F2/F5: The shares are owned directly by two 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-held securities.
  • F3: The manager and general partner disclaim beneficial ownership except to the extent of pecuniary interest.
  • F1/F4: Prices shown are weighted averages; the filing offers to provide per-trade details on request.

Context

• This filing reflects institutional accumulation by a reported 10% owner/manager of two funds, not an individual corporate executive. Institutional buys can signal additional interest but are not the same as insider (executive) trades. The form shows straightforward open-market purchases (transaction code P).