X0306 4 2019-03-15 0 0001717547 Colony Credit Real Estate, Inc. CLNC 0001472233 Traenkle Kevin P. 515 SOUTH FLOWER STREET, 44TH FLOOR LOS ANGELES CA 90071 1 1 0 0 CEO AND PRESIDENT Class A Common Stock 2019-03-15 4 F 0 8989 15.51 D 49700 D Class A Common Stock 2019-03-15 4 A 0 103177 0.00 A 152877 D 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 and the Issuer's external manager. /s/ David A. Palame, Attorney-in-Fact 2019-03-15