| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|--------------------------------------------------------------------------------------|
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|------------------------------------------------------------------------------------------|
| Delaware(State or other jurisdiction ofincorporation or organization of issuing entity)            | 86-6471965 (I.R.S. EmployerIdentification No. of issuing entity) |
|----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|
|                                                                                               |                                                                  |
| One Verizon WayBasking Ridge, New Jersey(Address of principal executive offices of issuing entity) |  07920(Zip Code)                                                 |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---------------------|-------------------|-------------------------------------------|
| Not applicable      | Not applicable    | Not applicable                            |
|   | ☐ | Yes |   |  ☒ | No |
|--------|---------|-----|--------|---------------|----|
|   | ☐ | Yes |   |  ☒ | No |
|--------|---------|-----|--------|---------------|----|
|   | ☒ | Yes |   |  ☐ | No |
|--------|---------|-----|--------|---------------|----|
|   | ☒ | Yes |   |  ☐ | No |
|--------|---------|-----|--------|---------------|----|

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|   | Large accelerated filer |  ☐ |   | Accelerated filer         |  ☐ |   |
|--------|-------------------------|---------------|--------|---------------------------|---------------|--------|
|   | Non-accelerated filer   |  ☒ |   | Smaller reporting company |  ☐ |   |
|   |                    |          |   | Emerging growth company   |  ☐ |   |

|   |   |  |   |  ☐ |  |
|--------|--------|--|--------|---------------|--|

|   |   |  |   |  ☐ |  |
|--------|--------|--|--------|---------------|--|

|   |   |  |   |  ☐ |  |
|--------|--------|--|--------|---------------|--|

|   |   |  |   |  ☐ |  |
|--------|--------|--|--------|---------------|--|

|   | ☐ | Yes |   |  ☒ | No |
|--------|---------|-----|--------|---------------|----|

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|  | Item 1. | Business. |
|--|---------|-----------|
|  | Item 1A. | Risk Factors. |
|--|----------|---------------|
|  | Item 2. | Properties. |
|--|---------|-------------|
|  | Item 3. | Legal Proceedings. |
|--|---------|--------------------|

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|  | Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. |
|--|---------|---------------------------------------------------------------------------------------------------------------------|
|  | Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
|--|---------|----------------------------------------------------------------------------------------------|
|  | Item 7A. | Quantitative and Qualitative Disclosures About Market Risk. |
|--|----------|-------------------------------------------------------------|
|  | Item 8. | Financial Statements and Supplementary Data. |
|--|---------|----------------------------------------------|
|  | Item 9. | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. |
|--|---------|---------------------------------------------------------------------------------------|
|  | Item 9A. | Controls and Procedures. |
|--|----------|--------------------------|

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|  | (a) | The following documents are filed as part of this report: |
|--|-----|-----------------------------------------------------------|
|  | (1) | Not applicable. |
|--|-----|-----------------|
|  | (2) | Not applicable. |
|--|-----|-----------------|
|  | (3) | See Item 15(b) below. |
|--|-----|-----------------------|

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|  | (b) | Exhibits Required by Item 601 of Regulation S-K. |
|--|-----|--------------------------------------------------|

| Exhibit Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1            | Certificate of Formation of Verizon ABS II LLC (“ABS II LLC”)                  (included as Exhibit 3.1 to Registration Statement on Form SF-3 (333-253034 and 333-253034-01), as filed by the registrant with the Commission on February 12, 2021, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 3.2            | Limited Liability Company Agreement of ABS II LLC (included as                  Exhibit 3.2 to Registration Statement on Form SF-3 (333-253034 and 333-253034-01), as filed by the registrant with the Commission on February 12, 2021, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 4.1(a)    | Master Collateral Agency and Intercreditor Agreement, dated as                  of May 25, 2021, among the Trust, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as master collateral agent, Cellco, as servicer, and the creditor representatives from time to time party                  thereto (included as Exhibit 4.1 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2021, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                |
| 4.1(b)         | Omnibus Amendment No. 1 to the Master Collateral Agency and                  Intercreditor Agreement, the Transfer and Servicing Agreement, the Originator Receivables Transfer Agreement and the Additional Transferor Receivables Transfer Agreement, dated as of November 4, 2021, among the Trust, Verizon DPPA Master                  Trust, Cellco, as servicer, marketing agent, custodian and administrator, ABS II LLC, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as master collateral agent, and the originators party                  thereto from time to time (the “Omnibus Amendment No. 1”) (included as Exhibit 99.1 to the Trust’s Form 8-K, as filed with the Commission on November 4, 2021, which is incorporated herein by reference). |
| 4.1(c)         | Omnibus Amendment No. 2 to the Master Collateral Agency and                  Intercreditor Agreement and the Amended and Restated Trust Agreement, dated as of 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, ABS II LLC, as depositor and Cellco, as servicer, and acknowledged and agreed to by U.S. Bank Trust Company, National Association (the “Omnibus Amendment No. 2”) (included as Exhibit 99.2 to the Trust’s Form                  8-K, as filed with the Commission on August 11, 2022, which is incorporated herein by reference).                                                                                                              |
| 4.2(a)    | Indenture, dated as of May 25, 2021, between the Trust and U.S.                  Bank Trust Company, National Association (as successor to U.S. Bank National Association), as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2021, which is                  incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 4.2(b)    | Amendment No. 1 to the Indenture, dated as of October 18, 2021,                  between the Trust and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as indenture trustee and note paying agent (included as Exhibit 99.1 to the Trust’s Form 8-K, as filed with the                  Commission on October 18, 2021, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                             |
| 4.2(c)    | Amendment No. 2 to the Indenture, dated as of March 29, 2022,                  between the Trust and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as indenture trustee and note paying agent (included as Exhibit 99.1 to the Trust’s Form 8-K, as filed with the                  Commission on March 29, 2022, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 4.3       | Indenture, dated as of November 4, 2021, between the Trust and                  U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on November 4, 2021,                  which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.4            | Indenture, dated as of January 25, 2022, between the Trust and                  U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on January 25, 2022,                  which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.5            | Indenture, dated as of January 25, 2022, between the Trust and                  U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on January 25, 2022,                  which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.6            | Indenture, dated as of May 25, 2022, between the Trust and U.S.                  Bank Trust Company, National Association (as successor to U.S. Bank National Association), as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2022,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

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|          |  which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.7           | Indenture, dated as of May 25, 2022, between the Trust and U.S.                  Bank Trust Company, National Association (as successor to U.S. Bank National Association), as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2022, which is                  incorporated herein by reference).                                                                       |
| 4.8           | Indenture, dated as of August 11, 2022, between the Trust and                  U.S. Bank Trust Company, National Association, as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on August 11, 2022, which is incorporated herein by reference).                                                                                                                                   |
| 4.9           | Indenture, dated as of August 11, 2022, between the Trust and                  U.S. Bank Trust Company, National Association, as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on August 11, 2022, which is incorporated herein by reference).                                                                                                                                   |
| 4.10          | Indenture, dated as of November 23, 2022, between the Trust and                  U.S. Bank Trust Company, National Association, as indenture trustee and note paying agent (included as Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on November 23, 2022, which is incorporated herein by reference).                                                                                                                               |
| 10.1(a)       | Amended and Restated Trust Agreement, dated as of May 25, 2021,                  between ABS II LLC and Wilmington Trust, National Association, as owner trustee (included as Exhibit 10.1 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2021, which is incorporated herein by reference).                                                                                                                                             |
| 10.1(b)       | Omnibus Amendment No. 2 (included as Exhibit 99.2 to the                  Trust’s Form 8-K, as filed with the Commission on August 11, 2022, which is incorporated herein by reference).                                                                                                                                                                                                                                                                  |
| 10.2(a)       | Originator Receivables Transfer Agreement, dated as of May 25,                  2021, between the originators party thereto from time to time and ABS II LLC (included as Exhibit 10.2 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2021, which is incorporated herein by reference).                                                                                                                                                 |
| 10.2(b)       | Omnibus Amendment No. 1 (included as Exhibit 99.1 to the                  Trust’s Form 8-K, as filed with the Commission on November 4, 2021, which is incorporated herein by reference).                                                                                                                                                                                                                                                                 |
| 10.3(a)       | Additional Transferor Receivables Transfer Agreement, dated as                  of May 25, 2021, among Verizon DPPA Master Trust, Cellco, as servicer, and ABS II LLC (included as Exhibit 10.3 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2021, which is incorporated herein by reference).                                                                                                                                        |
| 10.3(b)       | Omnibus Amendment No. 1 (included as Exhibit 99.1 to the                  Trust’s Form 8-K, as filed with the Commission on November 4, 2021, which is incorporated herein by reference).                                                                                                                                                                                                                                                                 |
| 10.4(a)  | Transfer and Servicing Agreement, dated as of May 25, 2021,                  among the Trust, ABS II LLC and Cellco, as servicer, marketing agent and custodian (included as Exhibit 10.4 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2021, which is incorporated herein by reference).                                                                                                                                              |
| 10.4(b)       | Omnibus Amendment No. 1 (included as Exhibit 99.1 to the                  Trust’s Form 8-K, as filed with the Commission on November 4, 2021, which is incorporated herein by reference).                                                                                                                                                                                                                                                                 |
| 10.5     | Administration Agreement, dated as of May 25, 2021, between the                  Trust and Cellco, as administrator (included as Exhibit 10.5 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2021, which is incorporated herein by reference).                                                                                                                                                                                          |
| 10.6          | Account Control Agreement, dated as of May 25, 2021, among the                  Trust, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.6 to the Trust’s Form 8-K, as                  filed with the Commission on May 25, 2021, which is incorporated herein by reference).                       |
| 10.7(a)       | Series 2021-1 Account Control Agreement, dated as of May 25,                  2021, among the Trust, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the Trust’s                  Form 8-K, as filed with the Commission on May 25, 2021, which is incorporated herein by reference).         |
| 10.7(b)       | Series 2021-2 Account Control Agreement, dated as of November                  4, 2021, among the Trust, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the                  Trust’s Form 8-K, as filed with the Commission on November 4, 2021, which is incorporated herein by reference). |
| 10.7(c)       | Series 2022-1 Account Control Agreement, dated as of January                  25, 2022, among the Trust, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the                  Trust’s Form 8-K, as filed with the Commission on January 25, 2022, which is incorporated herein by reference). |

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| 10.7(d)    | Series 2022-2 Account Control Agreement, dated as of January                    25, 2022, among the Trust, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the                    Trust’s Form 8-K, as filed with the Commission on January 25, 2022, which is incorporated herein by reference).            |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.7(e)    | Series 2022-3 Account Control Agreement, dated as of May 25,                    2022, among the Trust, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the                    Trust’s Form 8-K, as filed with the Commission on May 25, 2022, which is incorporated herein by reference).                    |
| 10.7(f)    | Series 2022-4 Account Control Agreement, dated as of May 25,                    2022, among the Trust, U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the                    Trust’s Form 8-K, as filed with the Commission on May 25, 2022, which is incorporated herein by reference).                    |
| 10.7(g)    | Series 2022-5 Account Control Agreement, dated as of August                    11, 2022, among the Trust, U.S. Bank Trust Company, National Association, as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the Trust’s Form 8-K, as filed with the Commission on                    August 11, 2022, which is incorporated herein by reference).                                                               |
| 10.7(h)    | Series 2022-6 Account Control Agreement, dated as of August                    11, 2022, among the Trust, U.S. Bank Trust Company, National Association, as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the Trust’s Form 8-K, as filed with the Commission on                    August 11, 2022, which is incorporated herein by reference).                                                               |
| 10.7(i)    | Series 2022-7 Account Control Agreement, dated as of November                    23, 2022, among the Trust, U.S. Bank Trust Company, National Association, as secured party, and U.S. Bank National Association, as financial institution (included as Exhibit 10.7 to the Trust’s Form 8-K, as filed with the Commission on                    November 23, 2022, which is incorporated herein by reference).                                                           |
| 10.8  | Parent Support Agreement, dated as of May 25, 2021, by                    Verizon Communications Inc. and accepted and acknowledged by the Trust, ABS II LLC and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as master collateral agent (included as Exhibit 10.8                    to the Trust’s Form 8-K, as filed with the Commission on May 25, 2021, which is incorporated herein by reference).              |
| 10.9       | Amended and Restated Asset Representations Review Agreement,                    dated as of August 11, 2022, among the Trust, Cellco, as servicer, and Pentalpha Surveillance LLC, as asset representations reviewer (included as Exhibit 10.9 to the Trust’s Form 8-K, as filed with the Commission on August 11, 2022, and                    the Trust’s Form 8-K, as filed with the Commission on August 11, 2022, which is incorporated herein by reference). |
| 10.12      | VZMT Receivables Transfer Agreement, dated as of November 8,                    2021, among Verizon Master Trust, Cellco, as servicer, and Verizon ABS LLC (included as Exhibit 10.12 to the Trust’s Form 8-K, as filed with the Commission on November 8, 2021, which is incorporated herein by reference).                                                                                                                                                             |
| 10.13      | VZMT Receivables Transfer Agreement, dated as of November 8,                    2021, among Verizon Master Trust, Cellco, as servicer, and Verizon ABS LLC (included as Exhibit 10.13 to the Trust’s Form 8-K, as filed with the Commission on November 8, 2021, which is incorporated herein by reference).                                                                                                                                                             |
| 10.14      | VZMT Receivables Transfer Agreement, dated as of November 8,                    2021, among Verizon Master Trust, Cellco, as servicer, and Verizon ABS LLC (included as Exhibit 10.14 to the Trust’s Form 8-K, as filed with the Commission on November 8, 2021, which is incorporated herein by reference).                                                                                                                                                             |
| 10.15      | EU/UK Risk Retention Agreement, dated as of January 25,                    2022, among the Trust, the Depositor and the originators then party thereto (included as Exhibit 10.12 to the Trust’s Form 8-K, as filed with the Commission on January 25, 2022, which is incorporated herein by reference).                                                                                                                                                                 |
| 10.16      | EU/UK Risk Retention Agreement, dated as of January 25,                    2022, among the Trust, the Depositor and the originators then party thereto (included as Exhibit 10.12 to the Trust’s Form 8-K, as filed with the Commission on January 25, 2022, which is incorporated herein by reference).                                                                                                                                                                 |
| 10.17      | EU/UK Risk Retention Agreement, dated as of May 25, 2022,                    among the Trust, the Depositor and the originators then party thereto (included as Exhibit 10.12 to the Trust’s Form 8-K, as filed with the Commission on May 25, 2022, which is incorporated herein by reference).                                                                                                                                                                         |
| 10.18      | EU/UK Risk Retention Agreement, dated as of May 25, 2022,                    among the Trust, the Depositor and the originators then party thereto (included as Exhibit 10.12 to the Trust’s Form 8-K, as filed with the                                                                                                                                                                                                                                                 |

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|   |  Commission on May 25, 2022, which is incorporated herein by reference).                                                                                                                                                                                                                                |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.19  | EU/UK Risk Retention Agreement, dated as of August 11, 2022,                    among the Trust, the Depositor and the originators then party thereto (included as Exhibit 10.12 to the Trust’s Form 8-K, as filed with the Commission on August 11, 2022, which is incorporated herein by reference). |
| 10.20  | EU/UK Risk Retention Agreement, dated as of August 11, 2022,                    among the Trust, the Depositor and the originators then party thereto (included as Exhibit 10.12 to the Trust’s Form 8-K, as filed with the Commission on August 11, 2022, which is incorporated herein by reference). |
| 31.1*  | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated March 30,                    2023.                                                                                                                                                                                            |
| 33.1*  | Report on Assessment of Compliance with Servicing Criteria for Cellco,                    dated March 30, 2023.                                                                                                                                                                                              |
| 33.2*  | Report on Assessment of Compliance with Servicing Criteria for U.S.                    Bank Trust Company, National Association and U.S. Bank National Association, dated February 27, 2023.                                                                                                                 |
| 34.1*  | Report of Independent Registered Public Accounting Firm of Ernst & Young LLP on                    Assessment of Compliance with Servicing Criteria relating to Cellco Partnership, dated March 30, 2023.                                                                                                |
| 34.2*  | Report of Independent Registered Public Accounting Firm of Ernst & Young LLP on                    Assessment of Compliance with Servicing Criteria relating to U.S. Bank Trust Company, National Association and U.S. Bank National Association, dated February 27, 2023.                               |
| 35.1*  | Servicer Compliance Statement, dated March 30, 2023, of Cellco.                                                                                                                                                                                                                                              |

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|                       | VERIZON ABS II LLC |
|----------------------------|--------------------|
|                       | (Depositor)        |
|                       |               |   |
|                       |               |   |
| Date:  March 30, 2023 | By:      | /s/ Scott Krohn |
|                       |               | Scott Krohn |
|                       |               | President |
|                       |               | (Senior officer in charge of securitization of the depositor) |

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