NQP Form 4: Insider sells 108,571 shares at $12.05–$12.11

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) reported insider activity on a Form 4.

Rhea-AI Filing Summary

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) reported insider activity on a Form 4. A reporting holder executed open‑market sales of NQP common shares on two dates: 45,586 shares sold at $12.05 on 11/10/2025 and 62,985 shares sold at $12.11 on 11/11/2025.

Following these transactions, the filer reported 4,176,054 shares beneficially owned after the first sale and 4,113,069 shares beneficially owned after the second sale, each listed as indirect ownership.

Insights

Closed-end fund ownership analyst

Routine insider sales; modest stake reduction.

The filing lists two open‑market sales of NQP common shares: 45,586 at $12.05 on 11/10/2025 and 62,985 at $12.11 on 11/11/2025. These are standard secondary transactions by a reporting holder.

Post‑trade beneficial ownership is reported at 4,176,054 shares after the first sale and 4,113,069 shares after the second, each as indirect. The disclosure indicates a reduced position but no change to the fund’s capital structure.

Actual market impact depends on trading volume and holder decisions; the filing does not specify plans beyond these trades.

Insider Trade Summary

Net Seller: 108,571 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 108,571 shs ($1.31M)

Type	Security	Shares	Price	Value
Sale	Common Stock	62,985	$12.11	$763K
Sale	Common Stock	45,586	$12.05	$549K

Holdings After Transaction: Common Stock — 4,113,069 shares (Indirect, -)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NQP disclose in this Form 4?

A reporting holder sold NQP common shares in two transactions and updated beneficial ownership totals.

How many NQP shares were sold and at what prices?

45,586 shares at $12.05 on 11/10/2025 and 62,985 shares at $12.11 on 11/11/2025.

What is the filer’s beneficial ownership after the trades?

4,176,054 shares after the first trade and 4,113,069 shares after the second trade.

Is the ownership direct or indirect?

The filing reports indirect beneficial ownership after each transaction.

Does this affect NQP’s outstanding shares?

No. These are secondary market sales by a holder; they do not issue or retire shares.

Were derivatives involved in these transactions?

No derivative transactions are listed; Table II shows no entries.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/12/2025 - 10:27 AM Learn about SEC filing dates

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)
11/10/2025

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	11/10/2025		S		45,586	D	$12.05	4,176,054	I	-
Common Stock	11/11/2025		S		62,985	D	$12.11	4,113,069	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	11/12/2025
	Boaz Weinstein	11/12/2025
	** 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.