UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from ~~June~~July 1, 2025 to ~~June~~July 3031, 2025

Commission File Numbers of issuing entity: 333-253034-01; 333-278415-01

Central Index Key Number of issuing entity: 0001844964

VERIZON MASTER TRUST

(Exact name of issuing entity as specified in its charter)

Commission File Numbers of depositor: 333-253034; 333-278415

Central Index Key Number of depositor: 0001836995

VERIZON ABS II LLC

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0001175215

CELLCO PARTNERSHIP

(Exact name of sponsor as specified in its charter)

Karrie E. Schweikert

908-559-5672

(Name and telephone number, including area code, of the person to contact in connection with this filing)

Delaware

(State or other jurisdiction of incorporation or organization of the issuing entity)

23-2259884

(I.R.S. Employer Identification No.)

One Verizon Way Basking Ridge, New Jersey (Address of principal executive offices of the issuing entity) 07920 (Zip Code)

212-395-1000

(Telephone number including area code)

Not Applicable

(Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

				Name of exchange
Title of class	Section 12(b)	Section 12(g)	Section 15(d)	(If Section 12(b))
Series 2022-6, Fixed Rate Class A Notes	☐	☐	☒
Series 2022-6, Fixed Rate Class B Notes	☐	☐	☒
Series 2022-6, Fixed Rate Class C Notes	☐	☐	☒
Series 2023-1, Fixed Rate Class A Notes	☐	☐	☒
Series 2023-1, Fixed Rate Class B Notes	☐	☐	☒
Series 2023-1, Fixed Rate Class C Notes	☐	☐	☒
Series 2023-4, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2023-4, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2023-4, Fixed Rate Class B Notes	☐	☐	☒
Series 2023-4, Fixed Rate Class C Notes	☐	☐	☒
Series 2023-5, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2023-5, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2023-5, Fixed Rate Class B Notes	☐	☐	☒
Series 2023-5, Fixed Rate Class C Notes	☐	☐	☒
Series 2023-7, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2023-7, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2023-7, Fixed Rate Class B Notes	☐	☐	☒
Series 2023-7, Fixed Rate Class C Notes	☐	☐	☒
Series 2024-1, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2024-1, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2024-1, Fixed Rate Class B Notes	☐	☐	☒
Series 2024-1, Fixed Rate Class C Notes	☐	☐	☒
Series 2024-3, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2024-3, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2024-3, Fixed Rate Class B Notes	☐	☐	☒
Series 2024-3, Fixed Rate Class C Notes	☐	☐	☒
Series 2024-4, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2024-4, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2024-4, Fixed Rate Class B Notes	☐	☐	☒
Series 2024-4, Fixed Rate Class C Notes	☐	☐	☒
Series 2024-6, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2024-6, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2024-6, Fixed Rate Class B Notes	☐	☐	☒
Series 2024-6, Fixed Rate Class C Notes	☐	☐	☒
Series 2024-8, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2024-8, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2024-8, Fixed Rate Class B Notes	☐	☐	☒
Series 2024-8, Fixed Rate Class C Notes	☐	☐	☒
Series 2025-1, Fixed Rate Class A Notes	☐	☐	☒
Series 2025-1, Fixed Rate Class B Notes	☐	☐	☒
Series 2025-1, Fixed Rate Class C Notes	☐	☐	☒
Series 2025-3, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2025-3, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2025-3, Fixed Rate Class B Notes	☐	☐	☒
Series 2025-3, Fixed Rate Class C Notes	☐	☐	☒
Series 2025-5, Fixed Rate Class A-1a Notes	☐	☐	☒
Series 2025-5, Floating Rate Class A-1b Notes	☐	☐	☒
Series 2025-5, Fixed Rate Class B Notes	☐	☐	☒
Series 2025-5, Fixed Rate Class C Notes	☐	☐	☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

PART I — DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

Distribution and pool performance information with respect to the assets of Verizon Master Trust for the distribution period commencing on ~~June~~ July 1, 2025 and ending on ~~June~~July 3031, 2025 is set forth in the monthly investor reports relating to the ~~July~~August 2120, 2025 distribution, which are attached to this Form 10-D as the Exhibits listed under Item 10 below.

There is no activity to report under Rule 15Ga-1(a) under the Securities Exchange Act of 1934 with respect to Verizon Master Trust for the distribution period commencing on ~~June~~July 1, 2025 and ending on ~~June~~July 3031, 2025. Cellco Partnership (Central Index Key Number: 0001175215), as securitizer, most recently filed a ~~Form~~ Form ABS-15G on January 31, 2025 with respect to all asset-backed securities sponsored by it, including those securities issued by Verizon Master Trust.

Item 3. Sales of Securities and Use of Proceeds

Verizon ABS II LLC and Verizon Master Trust (the “Trust”) have filed with the Securities and Exchange Commission (the “Commission”) a registration statement (file numbers 333-278415 and 333-278415-01, respectively), which was declared effective on May 31, 2024, as amended effective as of June 3, 2025.

~~The~~On January 26, 2023, the Trust isissued aits ~~master~~Series ~~trust~~2023-1 ~~that~~Asset ~~may,~~Backed ~~from~~Notes ~~time~~(the to“2023-1 ~~time~~Notes”), ~~and~~in atan ~~its~~aggregate ~~sole~~amount ~~discretion~~of $1,000,000,000. ~~issue~~The ~~additional~~Class B Notes of the ~~series~~2023-1 Notes, in an aggregate amount of ~~notes~~$68,120,000 ~~subject~~(the to“2023-1 Retained Notes”), were initially offered by the ~~satisfaction~~Trust but retained by Verizon DPPA True-up Trust, an affiliate of ~~certain~~Verizon ~~conditions~~ABS ~~set~~II ~~forth~~LLC. inOn ~~Section~~July 3.31, 2025, Verizon ABS II LLC sold the 2023-1 Retained Notes for an aggregate offering price of $68,096,301.05, with underwriting discounts of $195,845.00. The offer and sale of the ~~Master~~2023-1 ~~Collateral~~Retained ~~Agreement~~Notes (were registered under, and offered by RBC Capital Markets, LLC, as ~~defined~~underwriter, ~~below~~pursuant to, the Securities Act of 1933, as amended (the “Securities Act”). AsThe ofoffering for the ~~date~~2023-1 ~~hereof~~Retained Notes commenced on July 22, 2025, and it did not terminate prior to the sale of any or all of the ~~series~~2023-1 ~~issued~~Retained byNotes. ~~the~~The ~~Trust~~net ~~are~~proceeds ~~part~~to Verizon ABS II LLC from the sale of ~~Group~~the 2023-1. Retained Notes, after deducting expenses estimated to be $89,833, was $67,909,283.52.

~~With~~On ~~respect~~September 18, to2024, ~~Group 1 (as such term is defined in~~ the ~~related~~Trust ~~Group~~issued ~~Supplement),~~its ~~no Group~~ Series ~~(or~~2024-6 ~~any~~Asset ~~Group~~Backed ~~Creditor~~Notes ~~Representative with respect thereto) or Group Creditor~~ (~~including~~the ~~any~~“2024-6 ~~Noteholder~~Notes”), ~~has~~in oran ~~will~~aggregate ~~have~~amount ~~the right to consent to the Trust issuing any additional Group Series if the conditions set forth in Section 3.1~~ of ~~the Master Collateral Agreement are satisfied. These conditions include~~$1, ~~but are not limited to~~500,000,000. ~~(i)~~The Class ~~the~~B ~~delivery~~Notes ~~by or on behalf~~ of the ~~Trust~~2024-6 ~~to U.S. Bank Trust Company~~Notes, ~~National~~in ~~Association~~an ~~(as~~aggregate ~~successor~~amount toof ~~U.S. Bank National Association)~~$102,180,000 ~~as master collateral agent~~ (the “~~Master~~2024-6 ~~Collateral Agent~~Retained Notes”), ofwere aninitially ~~officer’s~~offered ~~certificate~~by ~~stating~~the ~~that,~~Trust ~~based~~but ~~upon~~retained ~~the~~by ~~facts~~Verizon ~~known~~DPPA toTrue-up ~~such officer~~Trust, ~~the~~an ~~consummation~~affiliate of ~~such~~Verizon ~~additional~~ABS ~~Group~~II ~~Series~~LLC. ~~will~~On ~~not (x)~~July ~~result~~31, 2025, inVerizon ~~the~~ABS ~~occurrence~~II ofLLC ~~(1) an~~sold ~~amortization~~the ~~event~~2024-6 ~~with~~Retained ~~respect~~Notes ~~to any~~for ~~other~~an ~~Group~~aggregate ~~Series~~offering price of ~~that~~$ ~~Group~~101,817,608.41, orwith ~~(2) an~~underwriting ~~Event~~discounts of ~~Default~~$332,085.00. ~~with~~The ~~respect~~offer ~~to that Group or (y) materially~~ and ~~adversely~~sale ~~affect~~of the 2024-6 ~~amount~~Retained ofNotes ~~distributions~~were toregistered beunder, ~~made~~and tooffered ~~the~~by ~~Creditors~~RBC ofCapital ~~any~~Markets, ~~other~~LLC, ~~Group~~as ~~Series~~underwriter, ~~of that Group~~ pursuant to ~~the transaction documents and other Series Related Documents~~, inthe ~~each~~Securities ~~case,~~Act. asThe ~~determined~~offering infor ~~accordance with~~ the ~~Master~~2024-6 Retained ~~Collateral~~Notes ~~Agreement;~~commenced ~~(ii)~~on July ~~the~~22, ~~delivery~~2025, byand ~~Cellco~~it ~~Partnership~~did ~~d/b/a~~not ~~Verizon~~terminate ~~Wireless~~prior ~~(“Cellco”), as servicer (the “Servicer”)~~ to the ~~Master~~sale ~~Collateral Agent~~ of anany ~~officer’s certificate stating that no Pool Balance Deficit is continuing~~ or ~~will~~all ~~result from issuing or entering into such additional Group Series~~ of ~~that~~the ~~Group;~~2024-6 ~~and~~Retained ~~(iii) the delivery~~Notes. byThe ~~the~~net ~~Trust~~proceeds to ~~the~~Verizon ~~Master~~ABS ~~Collateral~~II ~~Agent~~LLC ~~and~~from ~~each~~the ~~Group~~sale ~~Creditor Representative~~ of ~~that~~the ~~Group~~2024-6 ofRetained ~~an opinion of counsel stating that~~Notes, ~~among~~after ~~other~~deducting ~~things,~~expenses ~~all~~estimated ~~conditions precedent~~ to ~~issuing~~be ~~such~~$89,833, ~~additional~~was ~~Group Series have been complied with~~$101,533,690.18.

On June 24, 2025, the Trust issued its Series 2025-56 Asset Backed Notes (the “2025-56 Notes”), in an aggregate amount of $~~600~~300,000,000. The ~~Class B~~offer ~~Notes~~and ofsale of the 2025-56 Notes, ~~with an initial note balance of $40,870,000,~~ were ~~retained~~not ~~by Verizon~~registered ~~ABS~~under ~~II LLC or one or more of its affiliates as partial consideration for~~ the ~~transfer~~Securities ~~of Receivables to the Trust~~Act. The Class ~~A-1a~~B Notes, ~~Class A-1b Notes and Class C Notes~~ of the 2025-56 Notes, ~~with~~in an aggregate ~~initial~~amount ~~note balance~~ of $~~559~~20,~~130~~440,000 (the “2025-6 Retained Notes”), were ~~sold~~initially ~~for~~offered anby ~~aggregate~~the ~~offering~~Trust ~~price~~but ofretained ~~$559,100,533.72,~~by ~~with~~Verizon ~~underwriting~~DPPA ~~discounts~~True-up ~~of $1~~Trust,~~446,885.00.~~ ~~The~~an ~~offer~~affiliate ~~and sale~~ of ~~the~~Verizon ~~2025-5~~ABS ~~Notes~~II ~~were~~LLC. ~~registered~~On ~~under~~July 31, 2025, ~~and~~Verizon ~~offered~~ABS byII ~~RBC~~LLC ~~Capital~~sold ~~Markets,~~the ~~LLC,~~2025-6 ~~Mizuho~~Retained ~~Securities~~Notes ~~USA~~to ~~LLC,~~a ~~Morgan~~certain ~~Stanley &~~institutional ~~Co.~~initial ~~LLC,~~purchaser ~~Wells~~pursuant ~~Fargo~~to ~~Securities,~~Section 4(a)(2) ~~LLC, Deutsche~~of ~~Bank~~the Securities ~~Inc.~~Act, ~~Santander~~which USwere ~~Capital~~then ~~Markets~~resold ~~LLC~~by ~~and~~such ~~U.S.~~initial ~~Bancorp~~purchaser pursuant ~~Investments,~~to ~~Inc.,~~Rule as144A ~~underwriters,~~under ~~pursuant to~~ the Securities Act ofand ~~1933,~~Regulation asS ~~amended~~through ~~(the~~privately ~~“Securities~~negotiated ~~Act”)~~transactions at varying prices. The offering for the ~~Series~~ 2025-56 Retained Notes, commenced on ~~June~~July 1122, 2025, and it did not terminate prior to the sale of any or all of the ~~Series~~ 2025-56 ~~Notes.~~Retained ~~The net proceeds to Verizon ABS II LLC from the sale of the 2025-5~~ Notes~~, after deducting expenses estimated to be $874,610, was $556,779,038~~.~~72.~~

~~On June 24,~~The ~~2025,~~net proceeds from the ~~Trust~~sale ~~also~~of ~~issued its Series 2025-6 Asset Backed Notes (~~the ~~“2025~~2023-61 ~~Notes”)~~Retained ~~in an aggregate amount of $300~~Notes,~~000,000.~~ ~~The offer and sale of~~ the ~~2025~~2024-6 Retained Notes ~~were not registered under the Securities Act,~~ and the 2025-6 Retained Notes ~~that~~ were ~~not~~used ~~retained~~ by Verizon ABS II LLC ~~or one or more of its affiliates were offered and sold~~ to ~~certain~~purchase ~~institutional initial purchasers pursuant to Section 4(a)(2) of~~ the ~~Securities~~2023-1 ~~Act~~Retained Notes, ~~and then resold by such initial purchasers pursuant to Rule 144A under~~ the ~~Securities Act and Regulation S through privately negotiated transactions at varying prices. The offering for the 2025~~2024-6 Retained Notes ~~commenced on June 11, 2025,~~ and ~~it did not terminate prior to~~ the ~~sale~~2025-6 ofRetained ~~any~~Notes orfrom ~~all~~Verizon ~~of the 2025~~DPPA True-6up ~~Notes~~Trust.

For more detailed information, see also (i) the Indenture, dated as of January 26, 2023 (the “Series 2023-1 Indenture”), between the Trust, as trust, and U.S. Bank Trust Company, National Association, as indenture trustee and note paying agent (which was included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on January 26, 2023), (ii) the Indenture, dated as of September 18, 2024 (the “Series 2024-6 Indenture”), between the Trust, as trust, and U.S. Bank Trust Company, National Association, as indenture trustee and note paying agent (which was included as Exhibit 4.2 to the

~~The~~2 net proceeds from the sale of the 2025-5 Notes and the 2025-6 Notes may be used by the Trust to acquire additional device payment plan agreements, to make the initial deposit in the related Reserve Account, to redeem other Credit Extensions, to make payments of principal on any other Credit Extensions (to the extent permitted thereby) and for other general corporate purposes.

~~Each~~ Trust’s ~~Group~~Form 18-K, ~~Series~~as filed with the Commission on September 18, ~~including~~2024), (iii) (x) the Indenture, dated as of June 24, 2025 (the “Series 2025-56 ~~Notes~~Original Indenture”), between the Trust, as trust, and U.S. Bank Trust Company, National Association, as indenture trustee and note paying agent (which was included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on June 25, 2025) and (y) Amendment No. 1 to the Indenture, dated as of July 31, 2025 (the “Series 2025-6 ~~Notes~~Amendment” and, ~~will~~together bewith ~~equally~~the Series 2025-6 Original Indenture, the “Series 2025-6 Indenture”), between the Trust and ~~ratably~~U.S. ~~entitled~~Bank Trust Company, National Association, as indenture trustee and note paying agent (which was included as Exhibit 99.6 to the ~~benefits~~Trust’s ofForm 8-K, as filed with the Commission on July 31, 2025), and (iv) the Master Collateral Agency and Intercreditor Agreement, ~~without~~dated ~~preference~~as of May 25, ~~priority~~2021, oramong ~~distinction.~~the OnTrust, the Master Collateral Agent, the Servicer, and the creditor representatives from time to time party thereto ~~each~~(which ~~Payment~~was ~~Date~~included as Exhibit 4.1 to the Trust’s Form 8-K, ~~each~~as ~~Group~~filed with the Commission on May 25, 2021), as amended by (x) Omnibus Amendment No. 1 ~~Series~~to ~~then~~the ~~outstanding~~Master Collateral Agency and Intercreditor Agreement, ~~including~~the Transfer and Servicing Agreement, the ~~2025-5~~Originator ~~Notes~~Receivables Transfer Agreement and the Additional Transferor Receivables Transfer Agreement, dated as of November ~~2025-6~~4, ~~Notes~~2021, ~~will~~among bethe ~~entitled~~Trust, Verizon DPPA Master Trust, Cellco, as Servicer, marketing agent, custodian and administrator, Verizon ABS II LLC, the Master Collateral Agent, and the originators party thereto from time to atime ~~portion~~(which ofwas included as Exhibit 99.1 to the ~~Collections~~Trust’s Form 8-K, as filed with the Commission on November 4, 2021), (y) Omnibus Amendment No. 2 to the Master Collateral Agency and Intercreditor Agreement and the Amended and Restated Trust Agreement, dated as of ~~Receivables~~August 11, 2022, among the Trust, U.S. Bank National Association, as master collateral agent, Wilmington Trust, National Association, as owner trustee, Verizon DPPA True-up Trust, Verizon ABS II LLC, as depositor and ~~other~~Cellco, ~~Group~~as ~~Available~~servicer, ~~Funds~~and ~~for~~acknowledged ~~Group~~and 1agreed ~~for~~to ~~such~~by ~~Payment~~U.S. ~~Date~~Bank ~~based~~Trust Company, National Association (which was included as Exhibit 99.2 to the Trust’s Form 8-K, as filed with the Commission on August 11, 2022) and (z) Amendment No. 3 to the ~~Series~~Master ~~Allocation~~Collateral ~~Percentage~~Agency ~~for~~and ~~such~~Intercreditor ~~Group~~Agreement, dated as of August 30, 2024, among the Trust, the Master Collateral Agent and Cellco, as administrator (which was included as Exhibit 99.1 ~~Series~~to the Trust’s Form 8-K, as filed with the Commission on September 3, 2024) (the “Master Collateral Agreement”).

~~For~~The ~~more detailed~~term ~~information, see also (i)~~“Class ~~the~~B ~~Indenture~~Notes,” ~~dated~~ as ofsuch ~~June 24,~~term ~~2025~~applies (to the ~~“Series 2025~~2023-51 ~~Indenture”)~~Notes, ~~between~~has the ~~Trust, as trust, and U.S. Bank Trust Company, National Association,~~meaning asassigned ~~indenture~~to ~~trustee~~it ~~and~~in ~~note paying agent (which was included as Exhibit 4~~Section 1.21 toof the ~~Trust’s~~Series ~~Form 8~~2023-K,1 ~~as filed with the Commission on June 24, 2025), (ii) the~~ Indenture, ~~dated as of June 24, 2025 (~~the term “~~Series~~Class ~~2025-6 Indenture”),~~B ~~between the Trust~~Notes,” as ~~trust,~~such ~~and~~term ~~U.S.~~applies ~~Bank Trust Company, National Association, as indenture trustee and note paying agent (which was included as Exhibit 4.2~~ to the ~~Trust’s Form 8~~2024-~~K, as~~6 ~~filed with the Commission on June 25~~Notes, ~~2025)~~has ~~and (iii)~~ the ~~Master Collateral Agency and Intercreditor Agreement, dated as of May 25, 2021,~~meaning ~~among~~assigned ~~the Trust, the Master Collateral Agent, the Servicer, and the creditor representatives from time~~ to ~~time~~it ~~party~~in ~~thereto (which was included as Exhibit 4~~Section 1.1 toof the ~~Trust’s~~Series ~~Form 8~~2024-K6 Indenture, ~~as filed with~~ the ~~Commission~~ onterm ~~May~~“Class ~~25,~~B ~~2021)~~Notes,” as ~~amended~~such byterm ~~(x) Omnibus~~applies ~~Amendment No. 1~~ to the ~~Master~~2025-6 ~~Collateral Agency and Intercreditor Agreement~~Notes, ~~the~~has ~~Transfer and Servicing Agreement,~~ the ~~Originator Receivables Transfer Agreement and the Additional~~meaning ~~Transferor~~assigned Receivables Transfer Agreement, dated as of November 4, 2021, among the Trust, Verizon DPPA Master Trust, Cellco, as Servicer, marketing agent, custodian and administrator, Verizon ABS II LLC, the Master Collateral Agent, and the originators party thereto from time to ~~time~~it ~~(which~~in ~~was included as Exhibit 99~~Section 1.1 toof the ~~Trust’s~~Series ~~Form 8~~2025-K,6 ~~as filed with the Commission on November 4~~Indenture, ~~2021), (y) Omnibus Amendment No. 2 to the Master Collateral Agency~~ and ~~Intercreditor~~any ~~Agreement~~other ~~and~~capitalized ~~the~~terms ~~Amended~~used ~~and~~in ~~Restated~~this ~~Trust~~Item ~~Agreement,~~3 ~~dated~~have ~~as of August 11, 2022, among~~ the ~~Trust,~~meaning ~~U.S.~~assigned Bank National Association, as master collateral agent, Wilmington Trust, National Association, as owner trustee, Verizon DPPA True-up Trust, Verizon ABS II LLC, as depositor and Cellco, as servicer, and acknowledged and agreed to bythem ~~U.S.~~in ~~Bank~~Appendix ~~Trust~~A ~~Company,~~of ~~National Association (which was included as Exhibit 99.2 to~~ the ~~Trust’s Form 8-K, as filed with the Commission on August 11, 2022) and (z) Amendment No. 3 to the~~ Master Collateral ~~Agency and Intercreditor~~ Agreement, ~~dated~~ as of ~~August 30~~applicable, ~~2024,~~each ~~among~~of ~~the Trust, the Master Collateral Agent and Cellco, as administrator (~~which ~~was~~are ~~included~~incorporated asby ~~Exhibit~~reference 99herein.1 ~~to the Trust’s Form 8-K, as filed with the Commission on September 3, 2024) (the “Master Collateral Agreement”).~~

On July 31, 2025, Verizon ABS II LLC, an affiliate of the sponsor, sold the 2023-1 Retained Notes, the 2024-6 Retained Notes and the 2025-6 Retained Notes, which were previously retained by Verizon DPPA True-up Trust, an affiliate of the sponsor and Verizon ABS II LLC, as defined and described under Item 103 above. ~~Exhibits~~After giving effect to this sale, none of Verizon ABS II LLC, Verizon DPPA True-up Trust, the sponsor or any other affiliate of the sponsor retains an interest in any of the 2023-1 Notes, the 2024-6 Notes or the 2025-6 Notes (each as defined under Item 3 above), other than as required under the risk retention regulations in Regulation RR of the Exchange Act.

Exhibit 99.1		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust).
Exhibit 99.2		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2022-6).
Exhibit 99.3		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2023-1).
Exhibit 99.4		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2023-4).
Exhibit 99.5		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2023-5).
Exhibit 99.6		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2023-7).
Exhibit 99.7		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2024-1).
Exhibit 99.8		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2024-3).
Exhibit 99.9		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2024-4).
Exhibit 99.10		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2024-6).
Exhibit 99.11		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2024-8).

Item 9. Other Information.

3Verizon Master Trust redeemed the Series 2022-6 notes on July 21, 2025, which was the Anticipated Redemption Date (as defined in the Series 2022-6 prospectus filed by Verizon Master Trust with the Securities and Exchange Commission on August 4, 2022) for Series 2022-6.

Exhibit 99.12		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2025-1).
Exhibit 99.13		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2025-3).
Exhibit 99.14		Monthly investor report relating to the July 21, 2025 distribution (Verizon Master Trust Series 2025-5).

4 Item 10. Exhibits.

SIGNATURES


Exhibit 99.1		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust).

Exhibit 99.2		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2023-1).

Exhibit 99.3		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2023-4).

Exhibit 99.4		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2023-5).

Exhibit 99.5		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2023-7).

Exhibit 99.6		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2024-1).

Exhibit 99.7		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2024-3).

Exhibit 99.8		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2024-4).

Exhibit 99.9		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2024-6).

Exhibit 99.10		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2024-8).

Exhibit 99.11		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2025-1).

Exhibit 99.12		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2025-3).

Exhibit 99.13		Monthly investor report relating to the August 20, 2025 distribution (Verizon Master Trust Series 2025-5).

~~Pursuant~~SIGNATURES ~~to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.~~

~~Dated:~~Pursuant ~~July 21~~to the requirements of the Securities Exchange Act of 1934, ~~2025~~the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

~~VERIZON MASTER TRUST (Issuing Entity) By~~Dated: ~~Cellco Partnership~~August 29, ~~solely~~2025 ~~as servicer By: /s/ Jon Ransegnola Name: Jon Ransegnola Title: Assistant Treasurer~~

5VERIZON MASTER TRUST (Issuing Entity) By: Cellco Partnership, solely as servicer By: /s/ Jon Ransegnola Name: Jon Ransegnola Title: Assistant Treasurer

Filing Compare · Verizon Master Trust