# EDGAR Filing Document

**Accession Number:** 0001559998
**File Stem:** 0001493152-23-002521
**Filing Date:** 2023-1
**Character Count:** 7745
**Document Hash:** e76b65269b09487e95cb725d689228d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-002521.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001493152-23-002521

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221217

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Echevarria Maria I.
- **CENTRAL INDEX KEY:** 0001639662

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40075
- **FILM NUMBER:** 23553778

**MAIL ADDRESS:**
- **STREET 1:** 135 FIFTH AVENUE, FLOOR 10
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gaucho Group Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001559998
- **STANDARD INDUSTRIAL CLASSIFICATION:** LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
- **IRS NUMBER:** 522158952
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 112 NE 41ST STREET
- **STREET 2:** SUITE 106
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33137
- **BUSINESS PHONE:** 212-739-7650

**MAIL ADDRESS:**
- **STREET 1:** 112 NE 41ST STREET
- **STREET 2:** SUITE 106
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33137

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Algodon Group, Inc.
- **DATE OF NAME CHANGE:** 20181107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Algodon Wines & Luxury Development Group, Inc.
- **DATE OF NAME CHANGE:** 20121010

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Echevarria Maria I.<br><sub>(Last) (First) (Middle)</sub><br>14 BENMORE TER.<br><sub>(Street)</sub><br>BAYONNE,, NJ 07002<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-17 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CFO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Gaucho Group Holdings, Inc. [ VINO ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock<sup>(1)</sup> | 2022-12-18 |  | M |  | 478 | A | $7.50 | 7645 | D |  |
| Common Stock<sup>(1)</sup> | 2022-12-31 |  | M |  | 16667 | A | $1.16 | 24312 | D |  |
| Common Stock | 2023-01-23 |  | A |  | 14112 | A | $1.35 | 15028 | I | See Footnote<sup>(2)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Unit | $7.50 | 2022-12-18 |  | M |  |  | 478 | <sup>(1)</sup> | 2022-12-18 | Common Stock | 478 | $7.50 | 0 | D |  |
| Restricted Stock Unit | $1.16 | 2022-12-31 |  | M |  |  | 16667 | <sup>(3)</sup> | 2024-12-31 | Common Stock | 33333 | $1.16 | 33333 | D |  |
| Stock Option | $69.36 |  |  |  |  |  |  | <sup>(4)</sup> | 2024-07-08 | Common Stock | 861 |  | 861 | D |  |
| Stock Option | $69.36 |  |  |  |  |  |  | <sup>(5)</sup> | 2024-01-31 | Common Stock | 417 |  | 417 | D |  |
| Stock Option | $97.08 |  |  |  |  |  |  | <sup>(6)</sup> | 2023-09-20 | Common Stock | 167 |  | 167 | D |  |
| Stock Option | $138.60 |  |  |  |  |  |  | <sup>(7)</sup> | 2023-02-14 | Common Stock | 139 |  | 139 | D |  |
| Stock Option | $198.00 | 2022-12-17 |  | J |  |  | 278 | <sup>(8)</sup> | 2022-12-17 | Common Stock | 278 | $0 | 0 | D |  |

---

### Footnotes:

(1) Vesting of restricted stock units issued pursuant to 2018 Equity Incentive Plan.

(2) Issued to and held in Ms. Echevarria's 401(k) account.

(3) Restricted stock units issued pursuant to 2018 Equity Incentive Plan; 16,667 vest on date of grant; 16,667 on second anniversary of date of grant; 16,666 on third anniversary of date of grant.

(4) Stock options granted pursuant to 2018 Equity Incentive Plan; options to acquire 216 shares vest on 7/8/20; thereafter options to acquire 54 shares vest every three months, and options to acquire 51 shares vest on 7/8/23.

(5) Options granted pursuant to Gaucho's 2018 Equity Incentive Plan; options to acquire 105 shares vest on 1/31/20; thereafter options to acquire 26 shares vest every three months.

(6) Stock options granted pursuant to 2018 Equity Incentive Plan; all vested as of 9/20/22.

(7) Stock options granted pursuant to 2016 Equity Incentive Plan; all vested as of 2/14/22.

(8) Stock options granted pursuant to 2016 Equity Incentive Plan; options expired with no value received.

**Signature:** /s/Maria I. Echevarria  
**Date:** 2023-01-25

### Remarks:

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.**