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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Moel Steven A.
  2. Issuer Name and Ticker or Trading Symbol
Gaucho Group Holdings, Inc. [VINO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
7934 LA MIRADA DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2022
(Street)

BOCA RATON,, FL 33433-6108
4. If Amendment, Date 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
(City)
(State)
(Zip)
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               138,593 D  
Common Stock               11,770 I Held by Roth IRA
Common Stock               1,780 I Held by Dr. Moel's son
Common Stock               1,900 I Held by Dr. Moel's daughter

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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
Restricted Stock Unit $ 0.807 08/11/2022   A   46,469     (1) 12/31/2022 Common Stock 46,469 $ 0.807 46,469 D  
Restricted Stock Unit $ 0.625               (2) 12/18/2023 Common Stock 2,867   2,867 D  
Stock Option $ 9.08               (3) 09/28/2025 Common Stock 6,667   6,667 D  
Stock Option $ 5.78               (4) 01/31/2024 Common Stock 3,334   3,334 D  
Stock Option $ 8.09               (5) 09/20/2023 Common Stock 2,667   2,667 D  
Stock Option $ 16.5               (6) 11/17/2022 Common Stock 3,334   3,334 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Moel Steven A.
7934 LA MIRADA DRIVE
BOCA RATON,, FL 33433-6108
  X      

Signatures

 /s/ Steven Moel   08/17/2022
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Restricted stock units issued pursuant to Gaucho's 2018 Equity Incentive Plan; shares vest the earlier of 12/31/22 or pro rata to termination of service as a director.
(2) Restricted stock units issued pursuant to Gaucho's 2018 Equity Incentive Plan; 1,433 shares vest on 9/18/22 with the remainder vesting on 12/18/22.
(3) Options granted pursuant to Gaucho's 2018 Equity Incentive Plan; options to acquire 1,667 shares vest on 9/28/21; thereafter options to acquire 417 shares vest every three months.
(4) Options granted pursuant to Gaucho's 2018 Equity Incentive Plan; options to acquire 834 shares vest on 1/31/20; thereafter options to acquire 209 shares vest every three months.
(5) Options granted pursuant to Gaucho's 2018 Equity Incentive Plan; options to acquire 6,667 shares vest on 9/20/19; thereafter options to acquire 167 shares vest every three months.
(6) Options granted pursuant to Gaucho'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.

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