Zachary C. Parker - 01 Nov 2022 Form 4 Insider Report for DLH Holdings Corp. (DLHC)

Role: CEO and President, Director
Signature: /s/ Zachary C. Parker
Issuer symbol: DLHC
Transactions as of: 01 Nov 2022
Net transactions value: -$649,646
Form type: 4
Filing time: 03 Nov 2022, 16:22:58 UTC
Previous filing: 10 Aug 2021
Next filing: 31 Jan 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	$237,500	+250,000	+49%	$0.9500^*	760,059	01 Nov 2022	Direct
transaction	DLHC	Common Stock	Tax liability	$887,146	-67,208	-8.8%	$13.20	692,851	01 Nov 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 Option (right to buy)	Options Exercise	$0	+250,000		$0.000000	250,000	01 Nov 2022	Common Stock	250,000	$0.9500	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 was granted on November 21, 2012 and represented the right to purchase a total of 250,000 shares. Such option became exercisable upon satisfaction of vesting conditions.