Statement of Changes in Beneficial Ownership (4)

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	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 * Chesnut John Jeffrey	2. Issuer Name and Ticker or Trading Symbol Loyalty Ventures Inc. [ LYLTQ ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) EVP, Chief Financial Officer
(Last)          (First)          (Middle) 8235 DOUGLAS AVENUE, SUITE 1200	3. Date of Earliest Transaction (MM/DD/YYYY) 6/2/2023
(Street) DALLAS, TX 75225	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
(City)        (State)        (Zip)	Rule 10b5-1(c) Transaction Indication ☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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	6/2/2023		J(1)		17151	D	$0	26051	D
Common Stock	6/2/2023		J(2)		26051	D	$0	0	D

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

Explanation of Responses:
(1)	On March 10, 2023, Loyalty Ventures Inc. (the "Issuer") and certain of its subsidiaries (collectively with the Issuer, the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United Stated Code in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On April 27, 2023, the Bankruptcy Court entered an order confirming the Debtors' First Amended Combined Disclosure Statement and Joint Chapter 11 Plan (as amended, modified or supplemented from time to time, the "Plan"). On June 2, 2023 (the "Effective Date"), the Plan became effective pursuant to its terms, the Debtors emerged from bankruptcy and all of the Issuer's common stock was cancelled automatically and without the receipt of any consideration pursuant to the Plan.
(2)	On the Effective Date, all unvested time-based restricted stock units represented by shares of the Issuer's common stock were cancelled automatically and without the receipt of any consideration pursuant to the Plan.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Chesnut John Jeffrey 8235 DOUGLAS AVENUE, SUITE 1200 DALLAS, TX 75225			EVP, Chief Financial Officer

Signatures
/s/ Cynthia L. Hageman, Attorney in Fact		6/5/2023
**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.
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