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

Rhea-AI Filing Summary

Saba Capital Management, L.P. filed a Form 4 reporting sales of Nuveen Pennsylvania Quality Municipal Income Fund (NQP) shares in open-market transactions. On 10/30/2025, the reporting person sold 33,348 shares at $11.98. On 10/31/2025, it sold 64,028 shares at $12.04. Following these transactions, beneficial ownership was reported as 4,501,125 shares after the 10/30 trade and 4,437,097 shares after the 10/31 trade, each held with indirect ownership.

Insights

Equity Ownership Analyst

Director-reported open market sales with large indirect stake remaining; ownership trimmed but still substantial.

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) had reportable sales by a reporting person identified as a Director. Open-market transactions on 10/30/2025 and 10/31/2025 disposed of 33,348 and 64,028 common shares at $11.98 and $12.04, respectively. Following these trades, the filer reports 4,437,097 shares beneficially owned on an indirect basis.

This matters because Section 16 reports show timely changes by insiders or significant holders. No derivative activity is disclosed in Table II. The filing documents sales only; it does not describe any plan adoption, terms, or derivative hedges. The post-transaction holding remains large, which indicates continued exposure while confirming reduced beneficial ownership.

Watch for subsequent Forms 4 for additional changes in indirect ownership and any future adjustments around or after 10/31/2025. Track whether cumulative sales materially alter the reported stake over the next few reporting cycles, as that can influence ongoing ownership dynamics and voting power reported in future filings.

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)
10/30/2025

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	10/30/2025		S		33,348	D	$11.98	4,501,125	I	-
Common Stock	10/31/2025		S		64,028	D	$12.04	4,437,097	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	11/03/2025
	Boaz Weinstein	11/03/2025
	** 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 did Saba Capital report in the NQP Form 4?

It reported open-market sales of NQP shares on 10/30/2025 and 10/31/2025 with indirect ownership.

How many NQP shares were sold on 10/30/2025 and at what price?

Saba sold 33,348 shares at $11.98 per share on 10/30/2025.

How many NQP shares were sold on 10/31/2025 and at what price?

It sold 64,028 shares at $12.04 per share on 10/31/2025.

What was the beneficial ownership reported after the 10/30 trade?

Beneficial ownership was 4,501,125 NQP shares after the 10/30/2025 transaction.

What was the beneficial ownership reported after the 10/31 trade?

Beneficial ownership was 4,437,097 NQP shares after the 10/31/2025 transaction.

Was the ownership direct or indirect?

The filing lists indirect ownership for the reported holdings.

Who is the issuer in this Form 4?

The issuer is Nuveen Pennsylvania Quality Municipal Income Fund (NQP).