FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Echevarria Maria I. 2. Issuer Name and Ticker or Trading Symbol Gaucho Group Holdings, Inc. [ VINO ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CFO
(Last)         (First)         (Middle)
14 BENMORE TER.
3. Date of Earliest Transaction (MM/DD/YYYY)
7/6/2021
(Street)
BAYONNE,, NJ 07002
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 Shares  7/6/2021    A    2505  A $0  3391  I  See Footnote (1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Stock Option  $5.78                   (2) 7/8/2024  Common Stock  10334    10334  D   
Stock Option  $5.78                   (3) 1/31/2024  Common Stock  5000    5000  D   
Stock Option  $8.09                   (4) 9/20/2023  Common Stock  2000    2000  D   
Stock Option  $11.55                   (5) 2/14/2023  Common Stock  1667    1667  D   
Stock Option  $16.50                   (6) 12/17/2022  Common Stock  3334    3334  D   

Explanation of Responses:
(1)  Held in Ms. Echevarria's 401(k) account.
(2)  Options granted pursuant to AWLD's 2018 Equity Incentive Plan; options to acquire 2,584 shares vest on 7/8/20; thereafter options to acquire 646 shares vest every three months.
(3)  Options granted pursuant to AWLD's 2018 Equity Incentive Plan; options to acquire 1,250 shares vest on 1/31/20; thereafter options to acquire 313 shares vest every three months.
(4)  Options granted pursuant to AWLD's 2018 Equity Incentive Plan; options to acquire 500 shares vest on 9/20/19; thereafter options to acquire 125 shares vest every three months.
(5)  Options granted pursuant to AWLD's 2016 Equity Incentive Plan; options to acquire 418 shares vest on 2/14/19; thereafter options to acquire 105 shares vest every three months.
(6)  Options granted pursuant to AWLD's 2016 Equity Incentive Plan; options to acquire 834 shares vest on 12/17/18; thereafter options to acquire 209 shares vest every three months.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Echevarria Maria I.
14 BENMORE TER.
BAYONNE,, NJ 07002


CFO

Signatures
/s/ Maria I. Echevarria 10/31/2021
**Signature of Reporting Person Date
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