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      <issuerName>BADGER METER INC</issuerName>
      <secFileNumber>001-06706</secFileNumber>
      <issuerAddress>
        <com:street1>4545 WEST BROWN DEER ROAD</com:street1>
        <com:city>MILWAUKEE</com:city>
        <com:stateOrCountry>WI</com:stateOrCountry>
        <com:zipCode>53223</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>4143715702</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>ADAMS TODD A.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
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    <securitiesInformation>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Fidelity Brokerage Services LLC</name>
        <address>
          <com:street1>245 Summer Street</com:street1>
          <com:city>Boston</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02110</com:zipCode>
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      <noOfUnitsSold>2627</noOfUnitsSold>
      <aggregateMarketValue>427229.01</aggregateMarketValue>
      <noOfUnitsOutstanding>29317901</noOfUnitsOutstanding>
      <approxSaleDate>08/02/2023</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
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      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>08/02/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Option Exercise</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Badger Meter, Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2627</amountOfSecuritiesAcquired>
      <paymentDate>08/02/2023</paymentDate>
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    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>08/02/2023</noticeDate>
      <signature>/s/ Myra King, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Todd A. Adams</signature>
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144
0001525211
XXXXXXXX
LIVE
0000009092
BADGER METER INC
001-06706
4545 WEST BROWN DEER ROAD
MILWAUKEE
WI
53223
4143715702
ADAMS TODD A.
Director
Common Stock
Fidelity Brokerage Services LLC
245 Summer Street
Boston
MA
02110
2627
427229.01
29317901
08/02/2023
NYSE
Common Stock
08/02/2023
Stock Option Exercise
Badger Meter, Inc.
N
2627
08/02/2023
Wire
Y
08/02/2023
/s/ Myra King, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Todd A. Adams