SEC Filing Analysis: BADGER METER INC (BMI)

Executive Summary

• Trading Significance: Low
• Key Takeaway: VP Kimberly Stoll sold ~33% of her direct holdings, totaling $243k.
• Market Impact: Negligible; transaction size is immaterial relative to market cap.

Company Information

Field	Value
Company	BADGER METER INC
Ticker Symbol	BMI
CIK	0000009092
Industry	Industrial Applications and Services

Insider Information

Field	Value
Name	Kimberly K. Stoll
CIK	0001462632
Title/Position	VP-Cust Serv & GM SmartCover
Relationship	Officer

Transaction Details

Field	Value
Form Type	4
Transaction Date	2026-03-03
Transaction Code	S (Open Market Sale)
Security Type	Common Stock
Shares Involved	1,634
Price Per Share	$149.0082
Total Value	$243,479
Shares Owned After	3,256
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$243,479
% of Market Cap	0.0055%
Shares Transacted	1,634
% of Shares Outstanding	0.0055%
Post-Transaction Ownership	3,256 shares (0.011% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: With a market cap of $4.45 billion, a $243k transaction is routine and does not signal a major shift in company outlook.
• Ownership Concentration: The insider retains 3,256 shares directly. This sale represents a significant portion (~33%) of her pre-transaction direct holdings (4,890 shares).
• Transaction Significance: While the personal portfolio impact is high for the insider, the market-wide impact is non-existent (<0.01% of float).

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: The volume is too low to impact price action, and the sale, while a reduction in personal holdings, is not large enough to trigger algorithmic selling.

Volume & Sentiment

• Expected Volume Impact: None.
• Sentiment Indicator: Neutral.

Additional Context

Transaction Notes

• Timing: Standard open market sale.
• Market Environment: Transaction occurred at ~$149/share.