BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

Entropy Technologies, LP's Holding History (CIK: 0001976151)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 4,624 Value ($000) $806 Avg Close $179.79 Range $166.62 - $203.51

Q2 2024

Shares 3,667 Value ($000) $683 Avg Close $180.48 Range $149.35 - $200.63

Q1 2024

Shares 2,061 Value ($000) $333 Avg Close $151.60 Range $137.57 - $162.82

Q4 2023

Shares 2,377 Value ($000) $367 Avg Close $143.50 Range $131.97 - $156.28

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,624	$806	$179.79	$166.62 - $203.51
Q2 2024	3,667	$683	$180.48	$149.35 - $200.63
Q1 2024	2,061	$333	$151.60	$137.57 - $162.82
Q4 2023	2,377	$367	$143.50	$131.97 - $156.28