Kathryn M. JohnBull - 07 Jun 2022 Form 4 Insider Report for DLH Holdings Corp. (DLHC)

Role: Chief Financial Officer
Signature: /s/ Kathryn M. JohnBull
Issuer symbol: DLHC
Transactions as of: 07 Jun 2022
Net transactions value: -$536,803
Form type: 4
Filing time: 09 Jun 2022, 16:36:16 UTC
Next filing: 02 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DLHC	Common Stock	Options Exercise	$255,940	+191,000	+118%	$1.34^*	353,000	07 Jun 2022	Direct
transaction	DLHC	Common Stock	Tax liability	$536,803	-31,119	-8.8%	$17.25	321,881	07 Jun 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DLHC	Employee Stock Options	Options Exercise	$255,940	-191,000	-100%	$1.34^*	0	07 Jun 2022	Common Stock	191,000	$1.34	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares surrendered by reporting person to satisfy the exercise price associated with the exercise of the options described in Table II of this Form 4 and the corresponding tax obligations of the reporting person arising from the exercise of the options.
F2	The option initially represented the right to purchase a total of 250,000 shares and became exercisable, in part, on June 25, 2012. The remaining shares subject to this option subsequently vested over time.