[Form 4] NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND Insider Trading Activity

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of Nuveen Pennsylvania Quality Municipal Income Fund (NQP), reported open-market sales of common shares. On 11/13/2025, it sold 69,087 shares at $12.20 each, followed by a sale of 174,255 shares at $12.19 on 11/14/2025. After these transactions, the reporting person beneficially owned 3,869,727 common shares, held indirectly.

Insights

Equity Analyst

Large 10% owner reports open-market sales, modestly reducing stake but retaining a very substantial indirect position.

The filing reports that **Saba Capital Management, L.P.** (through indirect ownership) sold common shares of **Nuveen Pennsylvania Quality Municipal Income Fund (NQP)** on two consecutive days. On 11/13/2025, it sold 69,087 shares at a price of $12.20 per share, and on 11/14/2025, it sold 174,255 shares at $12.19 per share. These are open-market sale transactions, coded "S," and they reduce but do not eliminate the reporting person’s position.

After these transactions, the reporting person still beneficially owns 3,869,727 common shares on an indirect basis. The form indicates the filer is a **10% owner**, so this remains a significant stake. The ownership form is marked as indirect, which means the shares are held through an entity or structure rather than directly in an individual’s name, but the filing does not detail that structure beyond the signatory.

This type of disclosure matters because it shows a large holder trimming its position rather than adding to it or exiting entirely. The key elements to monitor are whether similar Form 4 filings show a pattern of continued selling, and whether the 10% ownership status changes in subsequent reports. The relevant dates to watch next are any future filings following these reported trades on 11/13/2025 and 11/14/2025.

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
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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^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND [ NQP ]

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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

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

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

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	11/13/2025		S		69,087	D	$12.2	4,043,982	I	-
Common Stock	11/14/2025		S		174,255	D	$12.19	3,869,727	I	-

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:

	Saba Capital Management, L.P. By: Zachary Gindes	11/17/2025
	Boaz Weinstein	11/17/2025
	** 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.

FAQ

What does the latest Form 4 filing report for NQP?

The Form 4 reports that Saba Capital Management, L.P., a 10% owner of Nuveen Pennsylvania Quality Municipal Income Fund (NQP), sold common shares on 11/13/2025 and 11/14/2025 and updated its beneficial ownership.

How many NQP shares did Saba Capital Management sell and at what prices?

Saba Capital Management sold 69,087 NQP common shares at $12.20 on 11/13/2025 and 174,255 shares at $12.19 on 11/14/2025, both reported as dispositions.

How many NQP shares does the reporting person own after these transactions?

Following the reported sales, the reporting person beneficially owned 3,869,727 NQP common shares, shown as held through indirect ownership.

What is the relationship of the reporting person to Nuveen Pennsylvania Quality Municipal Income Fund (NQP)?

The filing identifies the reporting person as a 10% owner of Nuveen Pennsylvania Quality Municipal Income Fund (NQP), filing individually on Form 4.

Were any derivative securities reported in this NQP Form 4 filing?

The section for derivative securities shows no entries, indicating that only non-derivative common stock transactions were reported in this filing.

Is the NQP Form 4 filed by one or multiple reporting persons?

The filing is marked as a Form filed by One Reporting Person, with signatures listed for Saba Capital Management, L.P. and an individual signatory.