[Form 4] Nuveen Pennsylvania Quality Municipal Income Fund Insider Trading Activity

Rhea-AI Filing Summary

Saba Capital Management, L.P. and reporting person Boaz Weinstein reported a Form 4 disclosing a sale of 16,022 shares of Nuveen Pennsylvania Quality Municipal Income Fund (NQP) on 09/08/2025 at a price of $11.22 per share. After the transaction the reporting persons beneficially own 4,889,175 shares indirectly. The filing lists the reporting persons as directors and 10% owners and is signed on 09/09/2025.

Positive

• Large retained indirect ownership: Reporting persons continue to hold 4,889,175 shares indirectly after the sale

Negative

• Insider sale disclosed: 16,022 shares were sold at $11.22 per share on 09/08/2025

Insights

Securities Analyst

TL;DR Insider sale of 16,022 NQP shares at $11.22 with large residual indirect holding of 4.89 million shares.

The transaction is a disclosed non-derivative sale by Saba Capital and Boaz Weinstein, recorded on Form 4. The sold amount represents a small fraction of the reported indirect position, which remains sizeable at 4,889,175 shares. As presented, this is a routine insider sale with transparent reporting; the filing contains no additional context on purpose or planned future transactions.

Corporate Governance Expert

TL;DR Proper Form 4 disclosure of an insider sale; large indirect ownership retained could indicate ongoing influence.

The report identifies the reporting parties as directors and 10% owners and provides a timely signature. The retained indirect ownership of nearly 4.89 million shares suggests continued substantial exposure to NQP. The filing does not show any derivative transactions or trading plan references, so no affirmative defense or plan-based sale is documented in this Form 4.

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
Estimated average burden
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)
09/08/2025

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

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

	Form filed by One Reporting Person
X	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	09/08/2025		S		16,022	D	$11.22	4,889,175	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

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)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Weinstein Boaz

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	09/09/2025
	Boaz Weinstein	09/09/2025
	** 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 insider transaction was reported for NQP?

The Form 4 reports a sale of 16,022 NQP shares by Saba Capital/Boaz Weinstein on 09/08/2025 at $11.22 per share.

How many NQP shares do the reporting persons own after the transaction?

They beneficially own 4,889,175 shares indirectly following the reported sale.

What roles do the reporting persons hold at NQP?

The Form 4 lists the reporting persons as Directors and as 10% owners of the issuer.

Does the Form 4 disclose any derivative transactions or a 10b5-1 plan?

No derivative transactions are reported in Table II, and the filing does not indicate the sale was made pursuant to a 10b5-1 plan.

When was the Form 4 signed?

The Form 4 signatures are dated 09/09/2025.