DigitalBridge (DBRG) Form 4 Change in insider ownership

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DigitalBridge Group, Inc.

(Last) (First) (Middle)

750 PARK OF COMMERCE DRIVE, SUITE 210

(Street)

BOCA RATON FL 33487

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BrightSpire Capital, Inc. [ BRSP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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
Class A Common Stock	03/01/2023		S		34,911,944	D	$6	79,001(1)	I	DigitalBridge Operating Company, LLC(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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

1. Name and Address of Reporting Person^*

DigitalBridge Group, Inc.

(Last) (First) (Middle)

750 PARK OF COMMERCE DRIVE, SUITE 210

(Street)

BOCA RATON FL 33487

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DigitalBridge Operating Company, LLC

(Last) (First) (Middle)

750 PARK OF COMMERCE DRIVE, SUITE 210

(Street)

BOCA RATON FL 33487

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

CLNC Manager, LLC

(Last) (First) (Middle)

750 PARK OF COMMERCE DRIVE, SUITE 210

(Street)

BOCA RATON FL 33487

(City) (State) (Zip)

Explanation of Responses:

1. DigitalBridge Operating Company, LLC ("DBOC") is a direct subsidiary and the operating company of DigitalBridge Group, Inc. ("DigitalBridge") and the parent of CLNC Manager, LLC ("CLNC Manager"). DigitalBridge and DBOC may be deemed to beneficially own 79,001 shares of the Issuer's Class A Common Stock owned by CLNC Manager. Since the date of DigitalBridge's last ownership report, DigitalBridge sold NRF Holdco, LLC ("NRF Holdco") and no longer beneficially owns the shares of the Issuer's Class A Common Stock previously held by NRF Holdco.

Remarks:

	DigitalBridge Group, Inc., By: /s/ Ronald M. Sanders, Executive Vice President, Chief Legal Officer & Secretary	03/03/2023
	DigitalBridge Operating Company, LLC, By: /s/ Ronald M. Sanders, Vice President and Secretary	03/03/2023
	CLNC Manager, LLC, By: /s/ Ronald M. Sanders, Vice President	03/03/2023
	** 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).
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