Saba Capital Insider Sale: 4,999 NQP Shares at $11.30

Saba Capital Management, L.P. and Boaz Weinstein reported a small insider sale of Nuveen Pennsylvania Quality Municipal Income Fund (NQP) shares.

Rhea-AI Filing Summary

Saba Capital Management, L.P. and Boaz Weinstein reported a small insider sale of Nuveen Pennsylvania Quality Municipal Income Fund (NQP) shares. The filing shows a sale of 4,999 common shares on 09/10/2025 at $11.30 per share. After the transaction the reporting persons beneficially own 4,884,176 shares indirectly. The form identifies the reporters as directors and 10% owners and is signed on 09/11/2025.

Positive

• None.

Negative

• Reporting persons disposed of 4,999 common shares on 09/10/2025 at $11.30 per share

Insights

Financial Analyst

TL;DR: Small insider sale, holdings remain large; the trade appears immaterial to company capitalization.

The reported disposition of 4,999 shares at $11.30 is a minor liquidity event relative to the reported indirect beneficial ownership of 4,884,176 shares. Such a small sale by a director/10% owner is unlikely to change governance or capital structure. Investors should note the continuing large indirect stake, which suggests retained influence despite this disposal.

Corporate Governance Expert

TL;DR: Governance signal is neutral; insiders remain significant holders despite the small sale.

The filing confirms the reporting persons hold director and 10% owner status and continued indirect ownership of over 4.8 million shares. The single transaction quantity and price disclosed do not indicate a change in control or a material shift in insider alignment with shareholders. Disclosure appears complete for the reported transaction.

Insider Trade Summary

Net Seller: 4,999 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P., Weinstein Boaz

Role 10% Owner | 10% Owner

Sold 4,999 shs ($56K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,999	$11.30	$56K

Holdings After Transaction: Common Stock — 4,884,176 shares (Indirect, -)

FAQ

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

What transaction did Saba Capital Management report for NQP?

The filing reports a sale of 4,999 common shares of NQP on 09/10/2025 at a price of $11.30 per share.

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

After the reported sale the filing shows 4,884,176 shares beneficially owned indirectly.

Who filed the Form 4 for NQP?

The Form 4 was filed by Saba Capital Management, L.P. and Boaz Weinstein, listed as directors and 10% owners.

When was the Form 4 signed?

The signatures on the filing are dated 09/11/2025.

Does the filing indicate any derivative transactions for NQP?

No. The Form 4 shows only a non-derivative sale of common stock and no derivative securities were reported.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 09/11/2025 - 10:41 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)
09/10/2025

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	09/10/2025		S		4,999	D	$11.3	4,884,176	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	09/11/2025
	Boaz Weinstein	09/11/2025
	** 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.