| ☒ | 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 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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|   | Item 10. | Directors, Executive Officers and Corporate Governance.                                         |
|--------|----------|-------------------------------------------------------------------------------------------------|
|   | Item 11. | Executive Compensation.                                                                         |
|   | Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
|   | Item 13. | Certain Relationships and Related Transactions, and Director Independence.                      |
|   | Item 14. | Principal Accountant Fees and Services.                                                         |

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| ExhibitNumber | 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 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 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). |
| 4.2(a)   | Indenture, dated as of May 25, 2021, between the Trust and 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 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 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 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.1          | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.2          | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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| 10.6       | Account Control Agreement, dated as of May 25, 2021, among the                Trust, 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 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 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).                                                  |
| 10.8  | 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 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       | Asset Representations Review Agreement, dated as of May 25, 2021,                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 May 25, 2021, and the Trust’s Form 8-K, as filed with                the Commission on November 1, 2021, 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).                                                                                                                               |
| 31.1*      | Certification                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated March 30, 2022.                                                                                                                                                                                                                                                                                                                                |
| 33.1*      | Report                on Assessment of Compliance with Servicing Criteria for Cellco, dated March 30, 2022.                                                                                                                                                                                                                                                                                                                                  |
| 33.2*      | Report on Assessment of Compliance with Servicing Criteria for U.S. Bank National Association, dated                February 25, 2022.                                                                                                                                                                                                                                                                                                       |
| 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, 2022.                                                                                                                                                                                                                                    |
| 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 National Association, dated February 25, 2022.                                                                                                                                                                                                                     |
| 35.1*      | Servicer Compliance                Statement, dated March 30, 2022, of Cellco.                                                                                                                                                                                                                                                                                                                                                               |

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|                       | VERIZON ABS II LLC |
|----------------------------|--------------------|
|                       | (Depositor)        |
|                       |               |   |
|                       |               |   |
| Date:  March 30, 2022 | By:      | /s/ Scott Krohn |
|                       |               | Scott Krohn |
|                       |               | President |
|                       |               | (Senior officer in charge of securitization of the depositor) |

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