Form 4 Filing for Liu Xia at Badger Meter Inc.

Liu Xia, a director at Badger Meter Inc. (BMI), acquired 153.8 phantom stock units on October 1, 2026. These units are economically equivalent to BMI common stock and will be paid in cash upon Ms. Liu's termination of service as a director. The acquisition was part of her Q4 retainer, valued at $123.54 per unit, based on the closing price of the company's common stock on September 30, 2026. Following this transaction, Ms. Liu holds 4806.557 phantom stock units. This filing is a Form 4, indicating a change in beneficial ownership.