Kenneth Bockhorst - 07 Mar 2023 Form 4 Insider Report for BADGER METER INC (BMI)

Role: Chairman, President & CEO, Director
Signature: /s/ William R.A. Bergum, Attorney-in-Fact for Kenneth C. Bockhorst
Issuer symbol: BMI
Transactions as of: 07 Mar 2023
Net transactions value: -$281,286
Form type: 4
Filing time: 07 Mar 2023, 17:11:19 UTC
Previous filing: 06 Mar 2023
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BMI	Common Stock	Tax liability	$281,286	-2,386	-6.7%	$117.89	33,342	07 Mar 2023	Direct	F1
holding	BMI	Common Stock						251	07 Mar 2023	ESSOP

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
holding	BMI	Stock Options						10,540	07 Mar 2023	BMI Common Stock	10,540	$48.20	Direct
holding	BMI	Stock Options						15,329	07 Mar 2023	BMI Common Stock	15,329	$59.85	Direct
holding	BMI	Stock Options						18,181	07 Mar 2023	BMI Common Stock	18,181	$63.04	Direct

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

Explanation of Responses:

Id	Content
F1	The price in Column 4 is a weighted average price. Prices actually received ranged from $117.60 to $118.33. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price for all transactions reported in this Form 4.