Fred J. Begale - 04 Mar 2026 Form 4 Insider Report for BADGER METER INC (BMI)

Role: VP-Utility NPD
Signature: /s/ William R.A. Bergum, Attorney-in-Fact for Fred J. Begale
Issuer symbol: BMI
Transactions as of: 04 Mar 2026
Net transactions value: -$309,600
Form type: 4
Filing time: 04 Mar 2026, 19:00:06 UTC
Previous filing: 03 Mar 2026
Next filing: 10 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Begale Fred J	VP-Utility NPD	4545 W. BROWN DEER ROAD, MILWAUKEE	/s/ William R.A. Bergum, Attorney-in-Fact for Fred J. Begale	04 Mar 2026	0001462630

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BMI	Common Stock	Options Exercise		+2,064	+68%	$33.98^*	5,104	04 Mar 2026	Direct
transaction	BMI	Common Stock	Sale	$309,600	-2,064	-40%	$150.00	3,040	04 Mar 2026	Direct

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	BMI	Stock Options	Options Exercise		-2,064	-100%	$0.000000^*	0	04 Mar 2026	BMI Common Stock	2,064	$33.98	Direct

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