X0306 4 2021-10-27 0 0001283140 HOLLY ENERGY PARTNERS LP HEP 0001189730 LEE JAMES H 2828 N. HARWOOD, STE 1300 DALLAS TX 75201 1 0 0 0 Common Units 2021-10-27 4 A 0 6076 0.00 A 29003 D Common Units 285 I By Spouse Phantom Units granted under the Holly Energy Partners, L.P. Long-Term Incentive Plan. The Phantom Units are subject to restrictions that will lapse on December 1, 2022, provided the reporting person has served on the board of directors of the ultimate general partner of the Issuer from the grant date until such vesting date. The vested Phantom Units will be paid within 30 days following the vesting date in the form of the Issuer's common units equal to the number of vested Phantom Units. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Mr. Lee is an outside director of Holly Logistic Services, L.L.C. Holly Logistic Services, L.L.C. is the general partner of HEP Logistics Holdings, L.P., the general partner of issuer. Stacey Foland, Attorney-in-Fact 2021-10-29