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

Rhea-AI Filing Summary

Saba Capital Management, L.P. reported insider sales of common stock in Nuveen Pennsylvania Quality Municipal Income Fund (NQP). On 09/17/2025 the filing shows a sale of 32,638 shares at $11.40 and on 09/18/2025 a sale of 23,468 shares at $11.33. After these transactions the reporting party beneficially owned 4,741,240 shares, held indirectly.

Positive

• Regulatory compliance: Form 4 filed and signed, providing required disclosure of insider transactions.
• Substantial retained stake: Reporting person still beneficially owns 4,741,240 shares after the sales.

Negative

• Insider sales occurred: Total of 56,106 shares were sold across 09/17/2025 and 09/18/2025.
• Sales at market prices: Shares sold at $11.40 and $11.33, which may be viewed negatively by some investors absent explanation.

Insights

Financial Analyst

TL;DR: Two small open-market sales by an indirect holder reduced holdings modestly; no other financial metrics disclosed.

The Form 4 documents two separate disposals totaling 56,106 shares across consecutive days at prices of $11.40 and $11.33. The reporting person retains substantial indirect ownership of 4,741,240 shares, indicating continued exposure to the issuer. The filing contains no information on reasons for the sales, timing beyond trade dates, or whether sales were part of a pre-arranged plan.

Corporate Governance Expert

TL;DR: Routine Section 16 disclosure of insider sales; compliance demonstrated but no governance concerns documented.

The Form 4 is properly signed and lists the reporting person as a director and indirect owner. It discloses executed sales and the resulting indirect beneficial ownership. There is no amendment noted and no derivative positions reported. Because the filing includes specific quantities, prices, and post-transaction holdings, it supports regulatory transparency even though it does not explain intent or any change in board-level roles.

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)
09/17/2025

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	09/17/2025		S		32,638	D	$11.4	4,764,708	I	-
Common Stock	09/18/2025		S		23,468	D	$11.33	4,741,240	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	09/19/2025
	Boaz Weinstein	09/19/2025
	** 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 transactions were reported for NQP on this Form 4?

The filing reports sales of 32,638 shares on 09/17/2025 at $11.40 and 23,468 shares on 09/18/2025 at $11.33.

How many NQP shares does Saba Capital Management beneficially own after the reported sales?

After the reported transactions the filing shows indirect beneficial ownership of 4,741,240 common shares.

Who signed the Form 4 for the reporting entity?

The Form 4 is signed by Zachary Gindes and Boaz Weinstein on 09/19/2025 on behalf of Saba Capital Management, L.P.

Does the Form 4 disclose any derivative securities for NQP?

No. Table II lists no derivative securities; the filing only reports non-derivative common stock transactions.

Is there any indication the sales were made under a 10b5-1 plan?

The filing does not indicate that these transactions were made pursuant to a 10b5-1 plan.