FORM 4
[ X ] 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 *

Sabes Jon 		2. Issuer Name and Ticker or Trading Symbol

GWG Holdings, Inc. [ GWGH ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

220 SOUTH SIXTH STREET, SUITE 1200 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/26/2019
(Street)

MINNEAPOLIS, MN 55402
(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 Stock, $.001 par value   3/26/2019     G   V 50000   D $0   1079546   D    
Common Stock, $.001 par value   4/26/2019     J (3)    1079546   D   (3) 0   D    
Common Stock, $.001 par value   4/26/2019     J (3)    743840   D   (3) 0   I   By Trusts   (1)
Common Stock, $.001 par value   4/26/2019     J (3)    102191   D   (3) 0   I   By family members who reside in the Reporting Person's household  
Common Stock, $.001 par value   4/26/2019     J (3)    100000   D   (3) 0   I   By Insurance Strategies Fund, LLC   (2)
Common Stock, $.001 par value   4/26/2019     J (3)    2025578   A   (3) 2025578   I   By Sabes AV Holdings, LLC   (4)
Common Stock, $.001 par value   4/26/2019     J (5)    2025578   D   (5) 0   I   By Sabes AV Holdings, LLC   (4)

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 Options (right to buy)   $8.71   4/26/2019     J   (6)       5000    9/2/2017   9/2/2019   Common Stock, $.001 par value   5000   $0   0   D    
Stock Options, (right to buy)   $9.91   4/26/2019     J   (6)       5000    11/24/2017   11/24/2019   Common Stock, $.001 par value   5000   $0   0   D    
Stock Options (right to buy)   $10.18   4/26/2019     J   (6)       5000    6/12/2018   6/12/2020   Common Stock, $.001 par value   5000   $0   0   D    
Stock Options (right to buy)   $8.55   4/26/2019     J   (6)       5000    8/18/2018   8/18/2020   Common Stock, $.001 par value   5000   $0   0   D    
Stock Options (right to buy)   $6.60   4/26/2019     J   (6)       5000    12/29/2018   12/29/2020   Common Stock, $.001 par value   5000   $0   0   D    
Stock Options (right to buy)   $6.35   4/26/2019     J   (6)       5000      (7) 4/29/2021   Common Stock, $.001 par value   5000   $0   0   D    
Stock Options (right to buy)   $6.41   4/26/2019     J   (6)       5000      (8) 5/13/2021   Common Stock, $.001 par value   5000   $0   0   D    
Stock Options (right to buy)   $9.47   4/26/2019     J   (6)       205833      (9) 11/10/2021   Common Stock, $.001 par value   205833   $0   0   D    

Explanation of Responses:
(1)  Held by certain trusts, of which the Reporting Person is a beneficiary.
(2)  A Delaware limited liability company managed by ISF Management, LLC, a Delaware limited liability company, of which the Reporting Person is a manager. The Reporting Person disclaims beneficial ownership of the shares held by Insurance Strategies Fund, LLC, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for the purposes of Section 16 or for any other purpose.
(3)  Pursuant to a Contribution and Exchange Agreement (the "Contribution Agreement"), dated April 11, 2019, by and among Sabes AV Holdings, LLC, a Delaware limited liability company ("Sabes AV"), Jon R. Sabes, Jon Sabes 1992 Trust No. 1, Esther Sabes 6.08.1992 Trust F/B/O Jon R. Sabes, Moe Sabes 12.30.1982 Trust F/B/O Jon R. Sabes, Moe Sabes 12.30.1976 Trust F/B/O Jon R. Sabes, Jackson Sabes 1995 Trust, Brooke Sabes 1995 Trust, Morgan Sabes 2012 Trust, Kristine Sabes 2000 Trust, Insurance Strategies Fund, LLC, Steven F. Sabes and SFS Holdings, LLC (collectively, the "Shareholders"), the Shareholders contributed an aggregate of 3,952,155 shares of common stock of GWG Holdings, Inc. to Sabes AV.
(4)  The Reporting Person serves as a manager of Sabes AV and shares voting and dispositive control over securities held by Sabes AV. The membership interests in Sabes AV are held by the Shareholders in proportion to their contribution to Sabes AV of shares of common stock of GWG Holdings, Inc. pursuant to the Contribution Agreement. The Reporting Person disclaims beneficial ownership over the shares of common stock of GWG Holdings, Inc. held by Sabes AV except to the extent of his pecuniary interest in such shares.
(5)  Pursuant to a Purchase and Contribution Agreement (the "Purchase Agreement"), dated April 15, 2019, by and among Jon R. Sabes, Steven F. Sabes, Sabes AV, The Beneficient Company Group, L.P., Beneficient Company Holdings, L.P. ("BEN Holdings"), AltiVerse Capital Markets, L.L.C. ("AltiVerse"), Sabes AV sold 2,500,000 shares of common stock of GWG Holdings, Inc. to a wholly-owned subsidiary of BEN Holdings for $25,000,000 in cash, and contributed 1,452,155 shares of common stock of GWG Holdings, Inc. to AltiVerse in exchange for equity interests in AltiVerse, which is an entity over which the Reporting Person does not have voting or dispositive control.
(6)  This option was forfeited by the Reporting Person for no consideration as part of the transactions contemplated by the Purchase Agreement.
(7)  3,334 shares currently vested; 1,666 shares would have vested on 4/29/2019.
(8)  3,334 shares currently vested; 1,666 shares would have vested on 5/13/2019.
(9)  178,749 shares are currently vested; 13,542 shares would have vested on each of 5/10/2019 and 8/10/2019.

Remarks:
Exhibit 24.1 Power of Attorney previously filed and incorporated herein by reference to Form 5 filed on 2/13/2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Sabes Jon
220 SOUTH SIXTH STREET, SUITE 1200
MINNEAPOLIS, MN 55402 		X
Chief Executive Officer

Signatures
/s/ Craig Opp, as Attorney-in -fact for Jon Sabes 4/30/2019
** 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 control number.
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