Zachary C. Parker - 01 Nov 2023 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 2023
Net transactions value: -$413,984
Form type: 4
Filing time: 03 Nov 2023, 16:14:56 UTC
Previous filing: 31 Jan 2023
Next filing: 19 Dec 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	$139,500	+100,000	+13%	$1.40^*	848,133	01 Nov 2023	Direct	F1
transaction	DLHC	Common Stock	Tax liability	$553,484	-39,819	-4.7%	$13.90	808,314	01 Nov 2023	Direct	F1, F2

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	Options Exercise	$0	-100,000	-100%	$0.000000^*	0	01 Nov 2023	Common Stock	100,000	$1.40	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 55,282 shares underlying time-based restricted stock units granted to the reporting person pursuant to the Company's 2016 Omnibus Equity Incentive Plan.
F2	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.
F3	The option was granted on November 8, 2013 and subsequently vested upon the achievement of certain performance targets.