Badger Meter (BMI) VP-Global Operations purchases 1,700 company shares

Rhea-AI Filing Summary

Badger Meter Inc VP-Global Operations Richard Htwe bought shares in the company. On this Form 4, he reported an open-market purchase of 1,700 shares of Common Stock at a price of $116.13 per share. After this transaction, he directly owns 7,603 shares of Badger Meter Inc Common Stock.

Insider Trade Summary

Net Buyer: 1,700 shares ($197,421)

Net Buy 1 txn

Insider Htwe Richard

Role VP-Global Operations

Bought 1,700 shs ($197K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,700	$116.13	$197K

Holdings After Transaction: Common Stock — 7,603 shares (Direct, null)

Footnotes (1)

Key Figures

Shares purchased: 1,700 shares Purchase price: $116.13 per share Shares owned after: 7,603 shares

3 metrics

Shares purchased 1,700 shares Open-market purchase of Common Stock

Purchase price $116.13 per share Price paid for Common Stock

Shares owned after 7,603 shares Total direct holdings post-transaction

Key Terms

open-market purchase, Common Stock, Form 4, transaction code P

4 terms

open-market purchase financial

"he reported an open-market purchase of 1,700 shares of Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Common Stock financial

"open-market purchase of 1,700 shares of Common Stock at a price"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"On this Form 4, he reported an open-market purchase of 1,700 shares"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code P regulatory

"The Form 4 labels it as an open-market purchase of 1,700 Common Stock shares, with the transaction code P"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Htwe Richard

(Last) (First) (Middle)

4545 W. BROWN DEER ROAD

(Street)

MILWAUKEE WISCONSIN 53223

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BADGER METER INC [ BMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP-Global Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/21/2026		P		1,700	A	$116.13	7,603	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ William R.A. Bergum, Attorney-in-Fact for Richard Htwe	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Badger Meter (BMI) report for Richard Htwe?

Badger Meter reported that VP-Global Operations Richard Htwe made an open-market purchase of 1,700 shares of Common Stock. The Form 4 filing shows this single buy transaction, reflecting additional direct ownership in the company’s shares by this executive.

At what price did Richard Htwe buy Badger Meter (BMI) shares?

Richard Htwe bought 1,700 Badger Meter Common Stock shares at $116.13 per share. This price reflects the cost of the open-market purchase reported, giving investors a clear view of the level at which this insider decided to add shares.

How many Badger Meter (BMI) shares does Richard Htwe own after this transaction?

Following the reported purchase, Richard Htwe directly owns 7,603 shares of Badger Meter Common Stock. This post-transaction holding comes from the Form 4, which lists his total direct ownership after the 1,700-share open-market buy.

What role does Richard Htwe hold at Badger Meter (BMI)?

Richard Htwe is identified as VP-Global Operations at Badger Meter Inc. The Form 4 notes he is an officer, not a director or ten percent owner, providing context about his senior management position within the company.

Was the Badger Meter (BMI) insider transaction a purchase or sale?

The insider transaction reported for Badger Meter was a purchase. The Form 4 labels it as an open-market purchase of 1,700 Common Stock shares, with the transaction code P and a transaction direction categorized as a buy.