X0306 4 2020-01-15 0 0001679688 Colony Capital, Inc. CLNY 0001497786 Schoenherr Charles W C/O COLONY CAPITAL, INC. 515 S. FLOWER ST., 44TH FLOOR LOS ANGELES CA 90071 1 0 0 0 Deferred Stock 2020-01-15 4 J 0 1769 4.91 A Class A Common Stock 1769 80659 D Represents deferred stock units ("Deferred Stock") granted pursuant to dividend equivalent rights on previously awarded Deferred Stock, 745 of which is scheduled to vest on May 9, 2020. Deferred Stock has no expiration date and is payable in Class A Common Stock after the reporting person's separation from service with the Issuer. /s/ Jenny B. Neslin, as Attorney-in-fact 2020-01-17