DigitalBridge Group, Inc. — Director's Dealing 2017

May 17, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Colony NorthStar, Inc. (CLNS)
CIK: 0001679688
Period of Report: 2017-05-12

Reporting Person: Tangen Darren J. (Exec. VP - CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-12	Class A Common Stock	S	75926	$13.12	Disposed	430874	Indirect

Footnotes

F1: The disposition was made to address certain tax obligations including from vesting and/or income allocations with respect to securities owned by the reporting person in the Issuer and its operating partnership subsidiary. The dispositions were executed in a series of intraday transactions with the high sales price at $13.21 and the low sales price at $13.03.