X0306 4 2019-03-15 0 0001717547 Colony Credit Real Estate, Inc. CLNC 0001472235 Tangen Darren J. 515 SOUTH FLOWER STREET, 44TH FLOOR LOS ANGELES CA 90071 1 0 0 0 Class A Common Stock 2019-03-15 4 F 0 4872 15.51 D 26937 I By Family Trust Class A Common Stock 2019-03-15 4 A 0 38822 0.00 A 65759 I By Family Trust The shares were withheld by the Issuer in satisfaction of withholding taxes incurred in connection with the vesting of certain shares of Class A common stock acquired through prior grants. The shares of Issuer's Class A common stock ("Common Stock") awarded will vest ratably in three annual installments beginning on March 15, 2019. The acquisition represents the receipt of Common Stock granted by the Issuer for services provided to the Issuer's external manager. /s/ David A. Palame, Attorney-in-Fact 2019-03-15