# EDGAR Filing Document

**Accession Number:** 0001844964
**File Stem:** 0001193125-26-286959
**Filing Date:** 2026-6
**Character Count:** 111275
**Document Hash:** b7476335a84d4388795133f9106f713a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-286959.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0001193125-26-286959

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260531

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Verizon Master Trust
- **CENTRAL INDEX KEY:** 0001844964
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 866471965
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-253034-01
- **FILM NUMBER:** 261131532

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WILMINGTON TRUST, NA
- **STREET 2:** 1100 NORTH MARKET STREET
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19890-1605
- **BUSINESS PHONE:** 866-829-1928

**MAIL ADDRESS:**
- **STREET 1:** C/O WILMINGTON TRUST, NA
- **STREET 2:** 1100 NORTH MARKET STREET
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19890-1605

**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 May 1, 2026 to May 31, 2026** 

**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)** 

**Ronald Klein** 

**908-559-5980** 

**(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**<br> **Basking Ridge, New Jersey** | **07920** |
| **(Address of principal executive offices of the issuing entity)** | **(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)** | **Registered/reporting pursuant to (check one)** | **Registered/reporting pursuant to (check one)** | |
| **Title of class** | **Section 12(b)** | **Section 12(g)** | **Section 15(d)** | **Name of**<br> **exchange**<br>**(If Section 12(b))** |
|  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 2023-7, 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 2024-3, 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 | ☐ | ☐ | ☒ |  |
|  Series 2025-7, Fixed Rate Class A-1a Notes | ☐ | ☐ | ☒ |  |
|  Series 2025-7, Floating Rate Class A-1b Notes | ☐ | ☐ | ☒ |  |
|  Series 2025-7, Fixed Rate Class B Notes | ☐ | ☐ | ☒ |  |
|  Series 2025-7, Fixed Rate Class C Notes | ☐ | ☐ | ☒ |  |
|  Series 2025-9, Fixed Rate Class A-1a Notes | ☐ | ☐ | ☒ |  |
|  Series 2025-9, Floating Rate Class A-1b Notes | ☐ | ☐ | ☒ |  |
|  Series 2025-9, Fixed Rate Class B Notes | ☐ | ☐ | ☒ |  |
|  Series 2025-9, Fixed Rate Class C Notes | ☐ | ☐ | ☒ |  |
|  Series 2026-1, Fixed Rate Class A-1a Notes | ☐ | ☐ | ☒ |  |
|  Series 2026-1, Floating Rate Class A-1b Notes | ☐ | ☐ | ☒ |  |
|  Series 2026-1, Fixed Rate Class B Notes | ☐ | ☐ | ☒ |  |
|  Series 2026-1, 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 May 1, 2026 and ending on May 31, 2026 is set forth in the monthly investor reports relating to the June 22, 2026 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 May 1, 2026 and ending on May 31, 2026. Cellco Partnership (Central Index Key Number: 0001175215), as securitizer, most recently filed a Form ABS-15G on January 26, 2026 with respect to all asset-backed securities sponsored by it, including those securities issued by Verizon Master Trust.

**PART II — OTHER INFORMATION** 

**Item 10. Exhibits**.

---

| | |
|:---|:---|
| Exhibit 99.1 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust).](d147812dex991.htm) |
| Exhibit 99.2 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2023-4).](d147812dex992.htm) |
| Exhibit 99.3 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2023-7).](d147812dex993.htm) |
| Exhibit 99.4 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2024-3).](d147812dex994.htm) |
| Exhibit 99.5 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2024-4).](d147812dex995.htm) |
| Exhibit 99.6 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2024-6).](d147812dex996.htm) |
| Exhibit 99.7 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2024-8).](d147812dex997.htm) |
| Exhibit 99.8 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2025-1).](d147812dex998.htm) |
| Exhibit 99.9 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2025-3).](d147812dex999.htm) |
| Exhibit 99.10 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2025-5).](d147812dex9910.htm) |
| Exhibit 99.11 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2025-7).](d147812dex9911.htm) |
| Exhibit 99.12 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2025-9).](d147812dex9912.htm) |
| Exhibit 99.13 | [Monthly investor report relating to the June 22, 2026 distribution (Verizon Master Trust Series 2026-1).](d147812dex9913.htm) |

---

------

**SIGNATURES** 

Pursuant 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: June 29, 2026

---

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

---

## Exhibit 99.1

**Exhibit 99.1** 

**Verizon Master Trust (VZMT) Monthly Investor Report : Pool Balance Summary** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Group**<br> **Name** | **Collection Period<br>Beginning** | **Collection<br>Period End** | **Previous Payment<br>Date** | **Payment<br>Date** | **Days in Collection<br>Period** | **Days in Interest<br>Period** | **Group Status at End of<br>Previous Payment Date** |
|  **One** | **05/01/2026** | **05/31/2026** | **05/20/2026** | **06/22/2026** | **31** | **33** | **Revolving** |

---

**Reconciliation of Pool Balance and Pool Information** 

---

| | |
|:---|:---|
|  **Beginning of Collection Period Pool Balance** | $**27758652481.69** |
|  LESS: Collections (including prepayments, credit and upgrade payments) | $1488996750.85 |
|  LESS: Reconveyance Amount | $44925653.31 |
|  LESS: Written-Off Receivables | $58767978.67 |
|  ADD: addition of Receivables | $1324390640.60 |
|  LESS: Redesignated Receivables (Outgoing) / transferred out | $0.00 |
|  ADD: Redesignated Receivables (Incoming) | $0.00 |
|  **End of Collection Period Pool Balance** | $**27490352739.46** |
|  Consumer Pool Balance | $24359271196.64 |
|  Business Pool Balance | $3131081542.82 |

---

**Write Offs Receivables in Collection Period** 

---

| | | | |
|:---|:---|:---|:---|
|  | # of<br>Receivables | Written-Off<br>Balance | % of Beginning<br>Pool Balance |
|  Current Collection Period | 137720 | $58767978.67 | 0.21% |
|  1st Preceding Collection Period |  |  | 0.26% |
|  2nd Preceding Collection Period |  |  | 0.27% |
|  Sum of the three above multiplied by four |  |  | 2.96% |

---

**Delinquent Receivables in Collection Period** 

---

| | | | |
|:---|:---|:---|:---|
|  | # of<br>Receivables | Delinquent<br>Balances | % of End<br>of Pool Balance |
|  1 - 30 Days Delinquent | 4036249 | $2050293709.41 | 7.46% |
|  31 - 60 Days Delinquent | 431091 | $207478643.25 | 0.75% |
|  61 - 90 Days Delinquent | 202476 | $93238952.42 | 0.34% |
|  91 - 120 Days Delinquent | 118884 | $56658930.63 | 0.21% |
|  Over 120 Days Delinquent | 197611 | $90183568.81 | 0.33% |
|  **Total Delinquent Receivables** | **4986311** | $**2497853804.52** | **9.09%** |

---

**Ratio of aggregate Principal Balance of Receivables 91+ days delinquent** 

---

| | |
|:---|:---|
|  Current Collection Period | 0.53% |
|  1st Preceding Collection Period | 0.51% |
|  2nd Preceding Collection Period | 0.54% |
|  Three Month Average | 0.53% |

---

**Assets Representation Review: Aggregate Principal Balance of 60-Day Delinquent Receivables** 

---

| | |
|:---|:---|
|  Current Period | 0.89% |
|  Delinquency Trigger | 5.0% |

---

**Available Funds** 

---

| | |
|:---|:---|
|  <sup>+</sup> Collections | $1327401933.30 |
|  <sup>+</sup> Prepayments | $120848771.28 |
|  <sup>+</sup> Reconveyance Amounts | $39770608.43 |
|  <sup>+</sup> Credit Payments | $28407300.16 |
|  <sup>+</sup> Upgrade Prepayments | $12338746.11 |
|  <sup>+</sup> Parent Support Provider Payments | $0.00 |
|  <sub>+</sub> Excess sale proceeds | $0.00 |
|  - Receivables purchased from Depositor | $0.00 |
|  <sup>+</sup> Available Subordinated Amounts | $0.00 |
|  **Total Group Sources of Funds** | $**1528767359.28** |

---

---

| | | |
|:---|:---|:---|
| **Upgrades** | **Current Period** | **To Date** |
|  Number of Receivables Upgraded | 29996 | 1471935 |
|  Principal Balance of Receivables Upgraded | $12338746.11 | $642688667.07 |
|  Upgrade payments | $2376515.36 | $156284253.71 |
|  Failure by Marketing Agent to Make Upgrade Payments | No | No |

---

**Pool characteristics as of end of Collection Period** 

---

| | |
|:---|:---|
|  Number of Receivables | 54960122.0 |
|  Pool Balance | $27490352739.46 |
|  Average Monthly Payment | $25.0 |
|  Average Principal Balance | $500.19 |
|  Weighted Average Remaining Term | 24.0 |
|  **Customer Tenure\*** |  |
|  0-12 Months | 11.66% |
|  60+ Months | 70.09% |

---

\* Customer tenure is only reported for buckets that are over 10% 

**Geographic Concentration** 

---

| | |
|:---|:---|
|  Largest state | CA / 9.89% |
|  2nd Largest State | FL / 6.16% |
|  3rd Largest State | TX / 5.88% |
|  Weighted Average FICO | 728 |

---

Page 1 of 8

------

**Verizon Master Trust (VZMT) Monthly Investor Report: Series Allocation Summary** 

**1. Note Balances, Required Overcollateralization, and Series Invested Amount** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Note Balance** | **Note Balance** | | **Target OC** | **Target OC** | **Series Invested Amount** | **Series Invested Amount** |
|  | **Initial Note Balance** | **Beginning of Period** | **Ending of Period** | **Overcollateralization%** | **Beginning of<br>Period** | **Ending of Period** | **Beginning of Period** | **Ending of Period** |
| 2023-3 | $300000000.00 | $300000000.00 | $300000000.00 | 8.25% | $26975476.84 | $26975476.84 | $326975476.84 | $326975476.84 |
| 2023-4 | $800000000.00 | $800000000.00 | $800000000.00 | 8.25% | $71934604.90 | $71934604.90 | $871934604.90 | $871934604.90 |
| 2023-6 | $625000000.00 | $625000000.00 | $625000000.00 | 8.25% | $56198910.08 | $56198910.08 | $681198910.08 | $681198910.08 |
| 2023-7 | $600000000.00 | $600000000.00 | $600000000.00 | 8.25% | $53950953.68 | $53950953.68 | $653950953.68 | $653950953.68 |
| 2024-2 | $750000000.00 | $750000000.00 | $750000000.00 | 8.25% | $67438692.10 | $67438692.10 | $817438692.10 | $817438692.10 |
| 2024-3 | $875000000.00 | $875000000.00 | $875000000.00 | 8.25% | $78678474.11 | $78678474.11 | $953678474.11 | $953678474.11 |
| 2024-4 | $600000000.00 | $600000000.00 | $600000000.00 | 8.25% | $53950953.68 | $53950953.68 | $653950953.68 | $653950953.68 |
| 2024-5 | $575000000.00 | $575000000.00 | $575000000.00 | 8.25% | $51702997.28 | $51702997.28 | $626702997.28 | $626702997.28 |
| 2024-6 | $1500000000.00 | $1500000000.00 | $1500000000.00 | 8.25% | $134877384.20 | $134877384.20 | $1634877384.20 | $1634877384.20 |
| 2024-7 | $600000000.00 | $600000000.00 | $600000000.00 | 8.25% | $53950953.68 | $53950953.68 | $653950953.68 | $653950953.68 |
| 2024-8 | $1000000000.00 | $1000000000.00 | $1000000000.00 | 8.25% | $89918256.13 | $89918256.13 | $1089918256.13 | $1089918256.13 |
| 2025-1 | $600000000.00 | $600000000.00 | $600000000.00 | 8.25% | $53950953.68 | $53950953.68 | $653950953.68 | $653950953.68 |
| 2025-2 | $500000000.00 | $500000000.00 | $500000000.00 | 8.25% | $44959128.07 | $44959128.07 | $544959128.07 | $544959128.07 |
| 2025-3 | $1000000000.00 | $1000000000.00 | $1000000000.00 | 8.25% | $89918256.13 | $89918256.13 | $1089918256.13 | $1089918256.13 |
| 2025-4 | $500000000.00 | $500000000.00 | $500000000.00 | 8.25% | $44959128.07 | $44959128.07 | $544959128.07 | $544959128.07 |
| 2025-5 | $600000000.00 | $600000000.00 | $600000000.00 | 8.25% | $53950953.68 | $53950953.68 | $653950953.68 | $653950953.68 |
| 2025-6 | $300000000.00 | $300000000.00 | $300000000.00 | 8.25% | $26975476.84 | $26975476.84 | $326975476.84 | $326975476.84 |
| 2025-7 | $900000000.00 | $900000000.00 | $900000000.00 | 8.25% | $80926430.52 | $80926430.52 | $980926430.52 | $980926430.52 |
| 2025-8 | $400000000.00 | $400000000.00 | $400000000.00 | 8.25% | $35967302.45 | $35967302.45 | $435967302.45 | $435967302.45 |
| 2025-9 | $800000000.00 | $800000000.00 | $800000000.00 | 8.25% | $71934604.90 | $71934604.90 | $871934604.90 | $871934604.90 |
| 2025-10 | $500000000.00 | $500000000.00 | $500000000.00 | 8.25% | $44959128.07 | $44959128.07 | $544959128.07 | $544959128.07 |
| 2026-1 | $1650000000.00 | $1650000000.00 | $1650000000.00 | 8.25% | $148365122.62 | $148365122.62 | $1798365122.62 | $1798365122.62 |
| 2021-A | $2866666666.65 | $1524999999.98 | $1224999999.98 | 8.75% | $146232876.71 | $117465753.42 | $1671232876.69 | $1342465753.40 |
| 2021-B | $1433333333.35 | $4650000000.00 | $4650000000.00 | 8.75% | $445890410.96 | $445890410.96 | $5095890410.96 | $3682008054.66 |
| **Total** | $**20275000000.00** | $**22149999999.98** | $**21849999999.98** |  | $**2028567429.38** | **1999800306.09** | $**24178567429.36** | $**23849800306.07** |

---

Page 2 of 8

------

**Verizon Master Trust (VZMT) Monthly Investor Report: Series Allocation Summary** 

**Financing Adjustment Dates (FADs)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  FADs | **5/1/2026** | **5/26/2026** | **5/29/2026** | **5/31/2026** | **Time Wgt Avg** |
|  Time wgt (days in Collection Period) | 25 | 3 | 2 | 1 |  |
|  Pool Balance | $27758652481.69 | $27513498262.37 | $27341682283.47 | $27490352739.46 | $27699371746.31 |

---

**2. PV of Remaining Unpaid Payments, Discount Rate, Discounted Series Invested Amounts and % Series Incremental Required Invested Amount** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Present values of remaining unpaid<br>payments** | **Present values of remaining unpaid<br>payments** | **Discount<br>Rate %** | | **Discounted Series Invested Amounts** | **Discounted Series Invested Amounts** | **% Series Incremental Required Invested Amount** | **% Series Incremental Required Invested Amount** |
|  | **5/1/2026** | **5/31/2026** | | | **5/1/2026** | **5/31/2026** | **5/1/2026** | **5/31/2026** |
| 2023-3 | $24901295293.07 | $24672604075.13 | 10.52% |  | $364495912.81 | $364319346.05 | 1.31% | 1.33% |
| 2023-4 | $24794255940.49 | $24567001538.78 | 10.95% |  | $976183106.26 | $975694822.88 | 3.52% | 3.55% |
| 2023-6 | $24747188506.08 | $24520564890.58 | 11.14% |  | $764094005.45 | $763698910.08 | 2.75% | 2.78% |
| 2023-7 | $24665771389.35 | $24440237441.63 | 11.47% |  | $735949863.76 | $735564032.70 | 2.65% | 2.68% |
| 2024-2 | $24876338047.41 | $24647982122.08 | 10.62% |  | $912155313.35 | $911705722.07 | 3.29% | 3.32% |
| 2024-3 | $24752136388.18 | $24525446491.52 | 11.12% |  | $1069512261.58 | $1068968664.85 | 3.85% | 3.89% |
| 2024-4 | $24784335377.18 | $24557213979.92 | 10.99% |  | $732431607.63 | $732058855.59 | 2.64% | 2.66% |
| 2024-5 | $24834000359.02 | $24606212830.56 | 10.79% |  | $700509809.27 | $700158855.59 | 2.52% | 2.55% |
| 2024-6 | $25041781465.31 | $24811199636.78 | 9.96% |  | $1812245231.61 | $1811411444.15 | 6.53% | 6.59% |
| 2024-7 | $24996490496.85 | $24766518774.24 | 10.14% |  | $726212534.06 | $725872479.57 | 2.62% | 2.64% |
| 2024-8 | $24931295669.10 | $24702201176.64 | 10.40% |  | $1213525885.56 | $1212937329.70 | 4.37% | 4.41% |
| 2025-1 | $24906291437.47 | $24677533077.13 | 10.50% |  | $728841416.90 | $728488283.38 | 2.63% | 2.65% |
| 2025-2 | $24848930202.15 | $24620942292.79 | 10.73% |  | $608773841.97 | $608468664.86 | 2.19% | 2.21% |
| 2025-3 | $24941308344.25 | $24712079202.64 | 10.36% |  | $1213035422.34 | $1212457765.67 | 4.37% | 4.41% |
| 2025-4 | $24893804012.34 | $24665213455.55 | 10.55% |  | $607673024.53 | $607378746.60 | 2.19% | 2.21% |
| 2025-5 | $24981421923.58 | $24751653061.04 | 10.20% |  | $726650681.20 | $726310626.70 | 2.62% | 2.64% |
| 2025-6 | $24926291686.13 | $24697264476.15 | 10.42% |  | $364129700.27 | $363953133.52 | 1.31% | 1.32% |
| 2025-7 | $24943812494.57 | $24714549673.13 | 10.35% |  | $1091623978.20 | $1091094277.93 | 3.93% | 3.97% |
| 2025-8 | $24893804012.34 | $24665213455.55 | 10.55% |  | $486138419.62 | $485902997.27 | 1.75% | 1.77% |
| 2025-9 | $25079621866.10 | $24848529862.44 | 9.81% |  | $965074659.40 | $964638692.09 | 3.48% | 3.51% |
| 2025-10 | $25016604015.11 | $24786361417.15 | 10.06% |  | $604692098.10 | $604408719.35 | 2.18% | 2.20% |
| 2026-1 | $25094783016.17 | $24863486494.75 | 10.88% |  | $1989261580.39 | $1988362397.82 | 7.17% | 7.23% |
|  2021-A | $24812873743.01 | $24585369659.25 | 10.68% |  | $1869641643.81 | $1501091506.82 | 6.74% | 5.46% |
|  2021-B | $24861880752.45 | $24633718976.99 | 9.75% |  | $5689612602.74 | $5686809863.01 | 20.50% | 20.69% |
|  |  |  |  | **Total** | $26952464600.81 | $26571756138.25 |  |  |

---

Page 3 of 8

------

**Verizon Master Trust (VZMT) Monthly Investor Report: Series Allocation Summary**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **5/1/2026** | **5/26/2026** | **5/29/2026** | **5/31/2026** |
|  **Excess Concentration Amounts for Term Series** | $452914735.19 | $482735189.76 | $462562039.30 | $481363223.24 |
|  **Excess Concentration Amounts for VFN Series** | $106657147.14 | $112650479.51 | $102252690.76 | $113892861.67 |

---

**3. Ineligible Amounts, Excess Concentration Amounts, Series Incremental Required Invested Amount, and Adjusted Series Invested Amounts & Allocation** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ineligible Amounts** | **Ineligible Amounts** | **Excess Concentration Amounts** | **Excess Concentration Amounts** | **Series Incremental Required Invested Amount** | **Series Incremental Required Invested Amount** | **Adjusted Series Invested Amounts** | **Adjusted Series Invested Amounts** |
| **Series** | **5/1/2026** | **5/31/2026** | **5/1/2026** | **5/31/2026** | **5/1/2026** | **5/31/2026** | **5/1/2026** | **5/31/2026** |
| 2023-3 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $5933183.03 | $6402130.87 | 370429095.84 | 370721476.92 |
| 2023-4 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $15942598.68 | $17088394.43 | 992125704.94 | 992783217.31 |
| 2023-6 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $12455155.22 | $13381897.61 | 776549160.67 | 777080807.69 |
| 2023-7 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $12002240.48 | $12900534.38 | 747952104.24 | 748464567.08 |
| 2024-2 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $14900894.79 | $15981259.01 | 927056208.14 | 927686981.08 |
| 2024-3 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $17437217.30 | $18725029.38 | 1086949478.88 | 1087693694.23 |
| 2024-4 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $11956949.01 | $12804261.74 | 744388556.64 | 744863117.33 |
| 2024-5 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $11413451.33 | $12274762.19 | 711923260.60 | 712433617.78 |
| 2024-6 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $29575332.21 | $31721836.41 | 1841820563.82 | 1843133280.56 |
| 2024-7 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $11866366.06 | $12707989.09 | 738078900.12 | 738580468.66 |
| 2024-8 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $19792373.93 | $21228118.14 | 1233318259.49 | 1234165447.84 |
| 2025-1 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $11911657.54 | $12756125.42 | 740753074.44 | 741244408.80 |
| 2025-2 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $9918832.70 | $10638127.23 | 618692674.67 | 619106792.09 |
| 2025-3 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $19792373.93 | $21228118.14 | 1232827796.27 | 1233685883.81 |
| 2025-4 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $9918832.70 | $10638127.23 | 617591857.23 | 618016873.83 |
| 2025-5 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $11866366.06 | $12707989.09 | 738517047.26 | 739018615.79 |
| 2025-6 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $5933183.03 | $6353994.55 | 370062883.30 | 370307128.07 |
| 2025-7 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $17799549.09 | $19110119.96 | 1109423527.29 | 1110204397.89 |
| 2025-8 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $7926007.87 | $8520129.05 | 494064427.49 | 494423126.32 |
| 2025-9 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $15761432.78 | $16895849.14 | 980836092.18 | 981534541.23 |
| 2025-10 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $9873541.23 | $10589990.91 | 614565639.33 | 614998710.26 |
| 2026-1 | $0.00 | $0.00 | $452914735.19 | $481363223.24 | $32473986.51 | $34802561.04 | 2021735566.90 | 2023164958.86 |
| 2021-A | $0.00 | $0.00 | $106657147.14 | $113892861.67 | $7188691.72 | $6218550.25 | 1876830335.53 | 1507310057.07 |
| 2021-B | $0.00 | $0.00 | $106657147.14 | $113892861.67 | $21864715.16 | $23564433.08 | 5711477317.90 | 5710374296.09 |
|  |  |  |  |  |  | **Total** | 27297969533.17 | 26940996466.59 |

---

Page 4 of 8

------

**Verizon Master Trust (VZMT) Monthly Investor Report: Series Allocation Summary** 

**4. Max (Avg Adj. Series Invested, End of Period) & Allocation %, Series** 

**Pool Balance, and Available Fund Allocation to Series** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Max (Time Weighted Average<br>Adjusted Series**<br> **Invested, End of Period)** | **Max (Time Weighted Average<br>Adjusted Series**<br> **Invested, End of Period)** | **Series Allocated**<br> **Pool Balance** | **Available Funds<br>Allocation to Series** |
| **Series** | **Amounts** | **Allocation %** | **Amounts** | **Amounts** |
| 2023-3 | $370463061.14 | 1.34% | $329981275.94 | $20446346.17 |
| 2023-4 | $992210460.84 | 3.58% | $880007192.02 | $54761516.95 |
| 2023-6 | $776618202.58 | 2.80% | $687492886.06 | $42862661.96 |
| 2023-7 | $748013270.33 | 2.70% | $660001280.04 | $41283903.91 |
| 2024-2 | $927131777.48 | 3.35% | $824997539.20 | $51169678.04 |
| 2024-3 | $1087047316.93 | 3.92% | $962488884.84 | $59995710.63 |
| 2024-4 | $744451102.58 | 2.69% | $660002138.65 | $41087304.42 |
| 2024-5 | $711986539.70 | 2.57% | $632480555.22 | $39295589.08 |
| 2024-6 | $1841991912.07 | 6.65% | $1649929889.13 | $101662112.13 |
| 2024-7 | $738143694.20 | 2.66% | $659988098.90 | $40739204.10 |
| 2024-8 | $1233432296.27 | 4.45% | $1099971726.85 | $68074940.37 |
| 2025-1 | $740816412.55 | 2.67% | $659998154.39 | $40886730.15 |
| 2025-2 | $618746488.50 | 2.23% | $549980146.84 | $34149452.39 |
| 2025-3 | $1232940255.13 | 4.45% | $1099971713.43 | $68047728.31 |
| 2025-4 | $617647253.20 | 2.23% | $549989862.67 | $34088760.33 |
| 2025-5 | $738584825.61 | 2.67% | $659985502.72 | $40763511.50 |
| 2025-6 | $370095823.19 | 1.34% | $329985090.12 | $20426166.44 |
| 2025-7 | $1109528571.39 | 4.01% | $989968473.16 | $61236458.22 |
| 2025-8 | $494112936.07 | 1.78% | $439987943.71 | $27270763.66 |
| 2025-9 | $980930891.01 | 3.54% | $879973412.28 | $54139002.88 |
| 2025-10 | $614623405.39 | 2.22% | $549987052.12 | $33921971.81 |
| 2026-1 | $2021928657.88 | 7.30% | $1814922628.43 | $111593137.77 |
| 2021-A | $1840971805.84 | 6.65% | $1634007589.51 | $101605853.49 |
| 2021-B | $5711040321.99 | 20.62% | $5078965398.44 | $315200336.88 |
|  **Transferor's Percentage** | **Transferor's Percentage** | 1.57% | 432621179.13 | $24058517.69 |
| **Total** |  |  | **24717685613.80** | $**1528767359.28** |

---

---

| | |
|:---|:---|
|  **Transferor's Allocation (before fees)** | $**24058517.69** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Master Collateral Agent Fee | $26.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Owner Trustee Fee | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Asset Representations Reviewer Fee | $0.00 |
|  **Transferor's Allocation (after fees)** | $**24058491.46** |

---

**Principal Funding Account(s) (PFAs)** 

---

| | |
|:---|:---|
|  Aggregate Beginning of Period PFAs Limit | $7987500000.0 |
|  Aggregate Ending of Period PFAs Limit | $7987500000.0 |
|  Aggregate Beginning of Period PFAs Balance | $0.0 |
|  Add: Aggregate deposit(s) to PFAs | $0.0 |
|  Aggregate end of period PFAs | $0.0 |
|  Group One Required Pool Balance\* | $26940996466.59 |
|  Pool Balance Deficit\*\* | $0.0 |

---

\* (Sum of all Adjusted Series Invested Amounts less Min of (i) Sum of Series PFA Accounts or (ii) Sum of Series PFA Limits) 

\*\* Max(0, Required Pool Balance - Pool Balance)

Page 5 of 8

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**<u>Amortization Event Tests for following VZMT Series:</u>**

VZMT Public Series: 2023-4, 2023-7, 2024-3, 2024-4, 2024-6, 2024-8, 2025-1, 2025-3, 2025-5, 2025-7, 2025-9 and 2026-1

---

| | |
|:---|:---|
|  | **In Compliance?** |
| **Delinquency and Write-Offs** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For any Payment Date, the sum of the fractions, expressed as percentages, for each of the three (3) Collection Periods immediately preceding that Payment Date, calculated by dividing the aggregate Principal Balance of all Receivables that are ninety-one (91) days or more delinquent at the end of each of the three (3) prior Collection Periods by the Pool Balance as of the last day of each of those Collection Periods, divided by three (3), exceeds 2% | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For any Payment Date, the sum of the fractions, expressed as percentages, for each of the three (3) Collection Periods immediately preceding that Payment Date, calculated by dividing the aggregate Principal Balance of all Receivables which became Written-Off Receivables during each of the three (3) prior Collection Periods by the Pool Balance as of the first day of each of those Collection Periods, multiplied by four (4), exceeds 10% | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of any date of determination, the Discounted Series Invested Amount for a respective Series is greater than the excess of (i) the Pool Balance over (ii) the sum of (x) the Ineligible Amount for such Series and (y) the Series Excess Concentration Amount such Series. | Yes |
|  **Payments** | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On any Payment Date, interest due is not paid on any class of Notes |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On the fifth Business Day after any Payment Date during the Revolving Period, after giving effect to distributions on such Payment Date, the sum of the amount on deposit in the Reserve Account plus, if a Letter of Credit has been issued for the benefit of the Notes, the amount available under the Letter of Credit, is less than the Required Reserve Amount | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of the Anticipated Redemption Date, the Trust has not redeemed the Notes |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of any Payment Date, a Pool Balance Deficit exists after giving effect to distributions on such Payment Date (including deposits to the Principal Funding Account on such Payment Date) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any Payment Date, the respective Series Allocated Pool Balance is less than 50.00% of (x) the aggregate Note Balance minus (y) the amount on deposit in the Principal Funding Account, in each case as of such Payment Date and with respect to that Series. |  |
|  **Servicing and Event of Default** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A Servicer Termination Event has occurred and is continuing | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An Event of Default has occurred and is continuing | Yes |

---

Page 6 of 8

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**<u>Excess Concentration Amount for following VZMT Series</u>**

VZMT Public Series: 2023-4, 2023-7, 2024-3, 2024-4, 2024-6, 2024-8, 2025-1, 2025-3, 2025-5\*, 2025-7\*, 2025-9\* and 2026-1\*

---

| | | | |
|:---|:---|:---|:---|
|  | **Actual % or Amt** | **Actual $** | **Excess $** |
|  **Consumer & Business, Without duplication** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amount by which the aggregate Principal Balance of Receivables with Obligors that have less than sixty (60) months of Customer Tenure with Verizon Wireless exceeds 45.00% of the Pool Balances | 28.91% | $7947876598.79 | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amount by which the aggregate Principal Balance of Receivables with Obligors that have less than twelve (12) months of Customer Tenure with Verizon Wireless exceeds 22.00% (20.00% for Series with \*) of the Pool Balance | 10.80% | $2969803721.92 | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to all Receivables for which the origination date was less than thirty-one (31) days prior to the related Cutoff Date, or in the case of any determination made on a Payment Date, the last day of the related Collection Period, the product of (i) the aggregate Principal Balance of all such Receivables and (ii) 10.00% | 10.00% | $993169543.66 | $99316954.37 |
|  **Consumer Only, Without duplication (If Consumer Receivable Condition is satisfied)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The aggregate Principal Balance of all Consumer Receivables with the lowest FICO<sup>®</sup> Scores that would need to be excluded from the calculation of the Pool Balance of all Consumer Receivables in order to cause the weighted average FICO<sup>®</sup> Score of the Consumer Obligors with respect to all Consumer Receivables (weighted based on Principal Balances) included in such calculation of the Pool Balance of all Consumer Receivables to be at least 700 (excluding any Consumer Receivables with Consumer Obligors for whom FICO<sup>®</sup> Scores are not available) | 728 | N/A | $0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amount by which the aggregate Principal Balance of Consumer Receivables with Consumer Obligors for whom FICO<sup>®</sup> Scores are not available exceeds 4.50% of the Pool Balance of all Consumer Receivables | 3.50% | $852384760.98 | $0.00 |
|  **Business Only, Without duplication** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amount by which the aggregate Principal Balance of Business Receivables exceeds 10.00% of the Pool Balance | 11.39% | $3131081542.82 | $382046268.87 |
|  **Total Loan for respective Series Excess Concentration Amount** |  |  | $**481363223.24** |

---

Page 7 of 8

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On and as of the Payment Date to which this Monthly Investor Report related, the Servicer hereby certifies that the information in the Monthly Investor Report (for Verizon Master Trust and for each outstanding Series) is accurate in all material respects.

VZMT Public Series: 2023-4, 2023-7, 2024-3, 2024-4, 2024-6, 2024-8, 2025-1, 2025-3, 2025-5, 2025-7, 2025-9 and 2026-1

**Cellco Partnership, as Servicer** 

---

| | |
|:---|:---|
| By: /s/ Jon Ransegnola<br>| 6/29/2026 |
| **Name: Jon Ransegnola** | **Date:** |
| **Title: Assistant Treasurer** |  |

---

---

| | |
|:---|:---|
| 1 | As of the date of this Monthly Investor Report for purposes of any references to the term "delinquent" contained herein (or in the Monthly Investor Report for any outstanding Series), the Servicer considers an account to be delinquent if there are unpaid charges remaining on the account on the day after the bill's due date and calculates delinquency assuming a due date is 22 or 30 days after the end of the monthly bill cycle for consumer customers and business customers, respectively.  |

---

Page 8 of 8

## Exhibit 99.2

**Exhibit 99.2** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2023-4**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | **Collection Period** | **Payment Date** |  | **Transaction<br>Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **36** |  | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest Rate** | **SOFR<br>Adjustment Date** | **SOFR30A** | **Total** |
|  Class A-1a | 6/22/26 | 06/20/2029 | $537800000.00 |  | 5.16% |  |  | 5.16% |
|  Class A-1b | 6/22/26 | 06/20/2029 | $175000000.00 |  | SOFR +0.85% | 06/12/2026 | 3.59301% | 4.44% |
|  Class B | 6/22/26 | 06/20/2029 | $54500000.00 | 33 | 4.57% |  |  | 4.57% |
|  Class C | 6/22/26 | 06/20/2029 | $32700000.00 |  | 5.65% |  |  | 5.65% |
|  **Total** |  |  | **$800000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
| **Series 2023-4 Allocation % x Group One Available Funds** | $54761516.95 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $8719346.05 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption | 800000000.00 |
|  **Total Available Funds** | $**863480863.00** |

---

---

| | |
|:---|:---|
| **Beginning of Period Reserve Account Balance** | $**8719346.05** |
|  Required Reserve Amount | $0.00 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 8719346.05 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**0.00** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $59.70 | $59.70 | $0.00 | $0.00 | $863480803.30 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $863480803.30 |
|  Asset Representations Reviewer Fee | $30.69 | $30.69 | $0.00 | $0.00 | $863480772.61 |
|  Supplemental ARR Fee | $122.75 | $122.75 | $0.00 | $0.00 | $863480649.86 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $863479399.86 |
|  Servicing Fee | $621458.98 | $621458.98 | $0.00 | $0.00 | $862857940.88 |
|  Class A-1a Note Interest | $2312540.00 | $2312540.00 | $0.00 | $0.00 | $860545400.88 |
|  Class A-1b Note Interest | $712732.85 | $712732.85 | $0.00 | $0.00 | $859832668.03 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $859832668.03 |
|  Class B Note Interest | $207554.17 | $207554.17 | $0.00 | $0.00 | $859625113.86 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $859625113.86 |
|  Class C Note Interest | $153962.50 | $153962.50 | $0.00 | $0.00 | $859471151.36 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $859471151.36 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $859471151.36 |
|  Regular Priority Principal Payment | $800000000.00 | $800000000.00 | $0.00 | $0.00 | $59471151.36 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $59471151.36 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $59471151.36 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $59471151.36 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $59471151.36 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $59471151.36 |
|  Class R Interest | $59471151.36 | $59471151.36 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**863480863.00** | $**863480863.00** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**800000000.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $537800000.00 | $0.00 | $2312540.00 | $0.00 | $0.00 | $540112540.00 |
|  Class A-1b | $175000000.00 | $0.00 | $712732.85 | $0.00 | $0.00 | $175712732.85 |
|  Class B | $54500000.00 | $0.00 | $207554.17 | $0.00 | $0.00 | $54707554.17 |
|  Class C | $32700000.00 | $0.00 | $153962.50 | $0.00 | $0.00 | $32853962.50 |
|  **Total** | $**800000000.00** | $**0.00** | $**3386789.52** | $**0.00** | $**0.00** | $**803386789.52** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Noteholder<br>Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $0.00 | $0.00 | $0.00 | $0.00 | $537800000.00 | 1.00 | $0.00 | 0.00 |
|  Class A-1b | $0.00 | $0.00 | $0.00 | $0.00 | $175000000.00 | 1.00 | $0.00 | 0.00 |
|  Class B | $0.00 | $0.00 | $0.00 | $0.00 | $54500000.00 | 1.00 | $0.00 | 0.00 |
|  Class C | $0.00 | $0.00 | $0.00 | $0.00 | $32700000.00 | 1.00 | $0.00 | 0.00 |
|  **Total** |  |  |  | $**0.00** | $**800000000.00** | **1.00** | $**0.00** | **0.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $400000000.00 |  | 400000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.3

**Exhibit 99.3** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2023-7**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **31** |  | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest<br>Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A-1a | 11/20/26 | 11/20/2029 | $434610000.00 |  | 5.67% |  |  | 5.67% |
|  Class A-1b | 11/20/26 | 11/20/2029 | $100000000.00 | 33 | SOFR +0.95% | 06/12/2026 | 3.59301% | 4.54% |
|  Class B | 11/20/26 | 11/20/2029 | $40870000.00 |  | 5.96% |  |  | 5.96% |
|  Class C | 11/20/26 | 11/20/2029 | $24520000.00 |  | 4.61% |  |  | 4.61% |
|  **Total** |  |  | $**600000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2023-7 Allocation % x Group One Available Funds** | $41283903.91 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**41283903.91** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $6539509.54 |
|  Required Reserve Amount | $6539509.54 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**6539509.54** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $45.01 | $45.01 | $0.00 | $0.00 | $41283858.90 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $41283858.90 |
|  Asset Representations Reviewer Fee | $23.14 | $23.14 | $0.00 | $0.00 | $41283835.76 |
|  Supplemental ARR Fee | $92.54 | $92.54 | $0.00 | $0.00 | $41283743.22 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $41282493.22 |
|  Servicing Fee | $468508.80 | $468508.80 | $0.00 | $0.00 | $40813984.42 |
|  Class A-1a Note Interest | $2053532.25 | $2053532.25 | $0.00 | $0.00 | $38760452.17 |
|  Class A-1b Note Interest | $416442.58 | $416442.58 | $0.00 | $0.00 | $38344009.59 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38344009.59 |
|  Class B Note Interest | $202987.67 | $202987.67 | $0.00 | $0.00 | $38141021.92 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38141021.92 |
|  Class C Note Interest | $94197.67 | $94197.67 | $0.00 | $0.00 | $38046824.25 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38046824.25 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $38046824.25 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38046824.25 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $38046824.25 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $38046824.25 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $38046824.25 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $38046824.25 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $38046824.25 |
|  Class R Interest | $38046824.25 | $38046824.25 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**41283903.91** | $**41283903.91** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $2053532.25 | $0.00 | $0.00 | $2053532.25 |
|  Class A-1b | $0.00 | $0.00 | $416442.58 | $0.00 | $0.00 | $416442.58 |
|  Class B | $0.00 | $0.00 | $202987.67 | $0.00 | $0.00 | $202987.67 |
|  Class C | $0.00 | $0.00 | $94197.67 | $0.00 | $0.00 | $94197.67 |
|  **Total** | $**0.00** | $**0.00** | $**2767160.17** | $**0.00** | $**0.00** | $**2767160.17** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Noteholder**<br> **Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $4.73 | $0.00 | $4.73 | $434610000.00 | 1.00 | $434610000.00 | 1.00 |
|  Class A-1b | $1000.00 | $4.16 | $0.00 | $4.16 | $100000000.00 | 1.00 | $100000000.00 | 1.00 |
|  Class B | $1000.00 | $4.97 | $0.00 | $4.97 | $40870000.00 | 1.00 | $40870000.00 | 1.00 |
|  Class C | $1000.00 | $3.84 | $0.00 | $3.84 | $24520000.00 | 1.00 | $24520000.00 | 1.00 |
|  **Total** | $**1000.00** | $**4.61** | $**0.00** | $**4.61** | $**600000000.00** | **1.00** | $**600000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $300000000.00 |  | 300000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.4

**Exhibit 99.4** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2024-3**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **26** |  | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest**<br>**Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A-1a | 4/20/27 | 04/22/2030 | $604635000.00 |  | 5.34% |  |  | 5.34% |
|  Class A-1b | 4/20/27 | 04/22/2030 | $175000000.00 | 33 | SOFR +0.58% | 06/12/2026 | 3.59301% | 4.17% |
|  Class B | 4/20/27 | 04/22/2030 | $59605000.00 |  | 5.54% |  |  | 5.54% |
|  Class C | 4/20/27 | 04/22/2030 | $35760000.00 |  | 5.73% |  |  | 5.73% |
|  **Total** |  |  | $**875000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
| **Series 2024-3 Allocation % x Group One Available Funds** | $59995710.63 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**59995710.63** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $9536784.74 |
|  Required Reserve Amount | $9536784.74 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**9536784.74** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $65.41 | $65.41 | $0.00 | $0.00 | $59995645.22 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $59995645.22 |
|  Asset Representations Reviewer Fee | $33.62 | $33.62 | $0.00 | $0.00 | $59995611.60 |
|  Supplemental ARR Fee | $134.48 | $134.48 | $0.00 | $0.00 | $59995477.12 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $59994227.12 |
|  Servicing Fee | $680859.02 | $680859.02 | $0.00 | $0.00 | $59313368.10 |
|  Class A-1a Note Interest | $2690625.75 | $2690625.75 | $0.00 | $0.00 | $56622742.35 |
|  Class A-1b Note Interest | $669420.35 | $669420.35 | $0.00 | $0.00 | $55953322.00 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $55953322.00 |
|  Class B Note Interest | $275176.42 | $275176.42 | $0.00 | $0.00 | $55678145.58 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $55678145.58 |
|  Class C Note Interest | $170754.00 | $170754.00 | $0.00 | $0.00 | $55507391.58 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $55507391.58 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $55507391.58 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $55507391.58 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $55507391.58 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $55507391.58 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $55507391.58 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $55507391.58 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $55507391.58 |
|  Class R Interest | $55507391.58 | $55507391.58 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**59995710.63** | $**59995710.63** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $2690625.75 | $0.00 | $0.00 | $2690625.75 |
|  Class A-1b | $0.00 | $0.00 | $669420.35 | $0.00 | $0.00 | $669420.35 |
|  Class B | $0.00 | $0.00 | $275176.42 | $0.00 | $0.00 | $275176.42 |
|  Class C | $0.00 | $0.00 | $170754.00 | $0.00 | $0.00 | $170754.00 |
|  **Total** | $**0.00** | $**0.00** | $**3805976.52** | $**0.00** | $**0.00** | $**3805976.52** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Noteholder**<br> **Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $4.45 | $0.00 | $4.45 | $604635000.00 | 1.00 | $604635000.00 | 1.00 |
|  Class A-1b | $1000.00 | $3.83 | $0.00 | $3.83 | $175000000.00 | 1.00 | $175000000.00 | 1.00 |
|  Class B | $1000.00 | $4.62 | $0.00 | $4.62 | $59605000.00 | 1.00 | $59605000.00 | 1.00 |
|  Class C | $1000.00 | $4.78 | $0.00 | $4.78 | $35760000.00 | 1.00 | $35760000.00 | 1.00 |
|  **Total** | $**1000.00** | $**4.35** | $**0.00** | $**4.35** | $**875000000.00** | **1.00** | $**875000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $437500000.00 |  | 437500000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.5

**Exhibit 99.5** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2024-4** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **24** |  | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest**<br>**Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A-1a | 6/22/26 | 06/20/2029 | $288686000.00 |  | 5.21% |  |  | 5.21% |
|  Class A-1b | 6/22/26 | 06/20/2029 | $245918000.00 | 33 | SOFR +0.55% | 06/12/2026 | 3.59301% | 4.14% |
|  Class B | 6/22/26 | 06/20/2029 | $40872000.00 |  | 5.40% |  |  | 5.40% |
|  Class C | 6/22/26 | 06/20/2029 | $24524000.00 |  | 5.60% |  |  | 5.60% |
|  **Total** |  |  | $**600000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2024-4 Allocation % x Group One Available Funds** | $41087304.42 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $6539509.54 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption | 600000000.00 |
|  **Total Available Funds** | $**647626813.96** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $6539509.54 |
|  Required Reserve Amount | $0.00 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 6539509.54 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**0.00** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $44.79 | $44.79 | $0.00 | $0.00 | $647626769.17 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $647626769.17 |
|  Asset Representations Reviewer Fee | $23.02 | $23.02 | $0.00 | $0.00 | $647626746.15 |
|  Supplemental ARR Fee | $92.10 | $92.10 | $0.00 | $0.00 | $647626654.05 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $647625404.05 |
|  Servicing Fee | $466277.70 | $466277.70 | $0.00 | $0.00 | $647159126.35 |
|  Class A-1a Note Interest | $1253378.38 | $1253378.38 | $0.00 | $0.00 | $645905747.97 |
|  Class A-1b Note Interest | $933937.34 | $933937.34 | $0.00 | $0.00 | $644971810.63 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $644971810.63 |
|  Class B Note Interest | $183924.00 | $183924.00 | $0.00 | $0.00 | $644787886.63 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $644787886.63 |
|  Class C Note Interest | $114445.33 | $114445.33 | $0.00 | $0.00 | $644673441.30 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $644673441.30 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $644673441.30 |
|  Regular Priority Principal Payment | $600000000.00 | $600000000.00 | $0.00 | $0.00 | $44673441.30 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $44673441.30 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $44673441.30 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $44673441.30 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $44673441.30 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $44673441.30 |
|  Class R Interest | $44673441.30 | $44673441.30 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**647626813.96** | $**647626813.96** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**600000000.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $288686000.00 | $0.00 | $1253378.38 | $0.00 | $0.00 | $289939378.38 |
|  Class A-1b | $245918000.00 | $0.00 | $933937.34 | $0.00 | $0.00 | $246851937.34 |
|  Class B | $40872000.00 | $0.00 | $183924.00 | $0.00 | $0.00 | $41055924.00 |
|  Class C | $24524000.00 | $0.00 | $114445.33 | $0.00 | $0.00 | $24638445.33 |
|  **Total** | $**600000000.00** | $**0.00** | $**2485685.05** | $**0.00** | $**0.00** | $**602485685.05** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| <br>**Noteholder<br>Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $0.00 | $0.00 | $0.00 | $0.00 | $288686000.00 | 1.00 | $0.00 | 0.00 |
|  Class A-1b | $0.00 | $0.00 | $0.00 | $0.00 | $245918000.00 | 1.00 | $0.00 | 0.00 |
|  Class B | $0.00 | $0.00 | $0.00 | $0.00 | $40872000.00 | 1.00 | $0.00 | 0.00 |
|  Class C | $0.00 | $0.00 | $0.00 | $0.00 | $24524000.00 | 1.00 | $0.00 | 0.00 |
|  **Total** |  |  |  | $**0.00** | $**600000000.00** | **1.00** | $**0.00** | **0.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $300000000.00 |  | 300000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.6

**Exhibit 99.6** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2024-6**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection<br>Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **21** |  | **Revolving** | **Revolving** |  |
| **Offered<br>Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest<br>Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A-1a | 8/20/27 | 08/20/2030 | $1069212000.00 |  | 4.17% |  |  | 4.17% |
|  Class A-1b | 8/20/27 | 08/20/2030 | $267300000.00 | 33 | SOFR +0.67% | 06/12/2026 | 3.59301% | 4.26% |
|  Class B | 8/20/27 | 08/20/2030 | $102180000.00 |  | 4.42% |  |  | 4.42% |
|  Class C | 8/20/27 | 08/20/2030 | $61308000.00 |  | 4.67% |  |  | 4.67% |
|  **Total** |  |  | $**1500000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2024-6 Allocation % x Group One Available Funds** | $101662112.13 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**101662112.13** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $16348773.84 |
|  Required Reserve Amount | $16348773.84 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**16348773.84** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover<br>Shortfall** | **Remaining<br>Available Funds** |
|  Master Collateral Agent Fee | $110.83 | $110.83 | $0.00 | $0.00 | $101662001.30 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $101662001.30 |
|  Asset Representations Reviewer Fee | $56.97 | $56.97 | $0.00 | $0.00 | $101661944.33 |
|  Supplemental ARR Fee | $227.89 | $227.89 | $0.00 | $0.00 | $101661716.44 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $101660466.44 |
|  Servicing Fee | $1153708.58 | $1153708.58 | $0.00 | $0.00 | $100506757.86 |
|  Class A-1a Note Interest | $3715511.70 | $3715511.70 | $0.00 | $0.00 | $96791246.16 |
|  Class A-1b Note Interest | $1044544.03 | $1044544.03 | $0.00 | $0.00 | $95746702.13 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $95746702.13 |
|  Class B Note Interest | $376363.00 | $376363.00 | $0.00 | $0.00 | $95370339.13 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $95370339.13 |
|  Class C Note Interest | $238590.30 | $238590.30 | $0.00 | $0.00 | $95131748.83 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $95131748.83 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $95131748.83 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $95131748.83 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $95131748.83 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $95131748.83 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $95131748.83 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $95131748.83 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $95131748.83 |
|  Class R Interest | $95131748.83 | $95131748.83 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**101662112.13** | $**101662112.13** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $3715511.70 | $0.00 | $0.00 | $3715511.70 |
|  Class A-1b | $0.00 | $0.00 | $1044544.03 | $0.00 | $0.00 | $1044544.03 |
|  Class B | $0.00 | $0.00 | $376363.00 | $0.00 | $0.00 | $376363.00 |
|  Class C | $0.00 | $0.00 | $238590.30 | $0.00 | $0.00 | $238590.30 |
|  **Total** | $**0.00** | $**0.00** | $**5375009.03** | $**0.00** | $**0.00** | $**5375009.03** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder** | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Payments** | **Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $3.48 | $0.00 | $3.48 | $1069212000.00 | 1.00 | $1069212000.00 | 1.00 |
|  Class A-1b | $1000.00 | $3.91 | $0.00 | $3.91 | $267300000.00 | 1.00 | $267300000.00 | 1.00 |
|  Class B | $1000.00 | $3.68 | $0.00 | $3.68 | $102180000.00 | 1.00 | $102180000.00 | 1.00 |
|  Class C | $1000.00 | $3.89 | $0.00 | $3.89 | $61308000.00 | 1.00 | $61308000.00 | 1.00 |
|  **Total** | $**1000.00** | $**3.58** | $**0.00** | $**3.58** | $**1500000000.00** | **1.00** | $**1500000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $750000000.00 |  | 750000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.7

**Exhibit 99.7** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2024-8**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **19** |  | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated Redemption<br>Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest<br>Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A-1a | 11/22/27 | 11/20/2030 | $816010000.00 |  | 4.62% |  |  | 4.62% |
|  Class A-1b | 11/22/27 | 11/20/2030 | $75000000.00 | 33 | SOFR +0.42% | 06/12/2026 | 3.59301% | 4.01% |
|  Class B | 11/22/27 | 11/20/2030 | $68120000.00 |  | 4.82% |  |  | 4.82% |
|  Class C | 11/22/27 | 11/20/2030 | $40870000.00 |  | 4.99% |  |  | 4.99% |
|  **Total** |  |  | $**1000000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2024-8 Allocation % x Group One Available Funds** | $68074940.37 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**68074940.37** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $10899182.56 |
|  Required Reserve Amount | $10899182.56 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**10899182.56** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover<br>Shortfall** | **Remaining<br>Available Funds** |
|  Master Collateral Agent Fee | $74.22 | $74.22 | $0.00 | $0.00 | $68074866.15 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $68074866.15 |
|  Asset Representations Reviewer Fee | $38.15 | $38.15 | $0.00 | $0.00 | $68074828.00 |
|  Supplemental ARR Fee | $152.59 | $152.59 | $0.00 | $0.00 | $68074675.41 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $68073425.41 |
|  Servicing Fee | $772545.85 | $772545.85 | $0.00 | $0.00 | $67300879.56 |
|  Class A-1a Note Interest | $3141638.50 | $3141638.50 | $0.00 | $0.00 | $64159241.06 |
|  Class A-1b Note Interest | $275894.44 | $275894.44 | $0.00 | $0.00 | $63883346.62 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $63883346.62 |
|  Class B Note Interest | $273615.33 | $273615.33 | $0.00 | $0.00 | $63609731.29 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $63609731.29 |
|  Class C Note Interest | $169951.08 | $169951.08 | $0.00 | $0.00 | $63439780.21 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $63439780.21 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $63439780.21 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $63439780.21 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $63439780.21 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $63439780.21 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $63439780.21 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $63439780.21 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $63439780.21 |
|  Class R Interest | $63439780.21 | $63439780.21 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**68074940.37** | $**68074940.37** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest<br>Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $3141638.50 | $0.00 | $0.00 | $3141638.50 |
|  Class A-1b | $0.00 | $0.00 | $275894.44 | $0.00 | $0.00 | $275894.44 |
|  Class B | $0.00 | $0.00 | $273615.33 | $0.00 | $0.00 | $273615.33 |
|  Class C | $0.00 | $0.00 | $169951.08 | $0.00 | $0.00 | $169951.08 |
|  **Total** | $**0.00** | $**0.00** | $**3861099.35** | $**0.00** | $**0.00** | $**3861099.35** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder** | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Payments** | **Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $3.85 | $0.00 | $3.85 | $816010000.00 | 1.00 | $816010000.00 | 1.00 |
|  Class A-1b | $1000.00 | $3.68 | $0.00 | $3.68 | $75000000.00 | 1.00 | $75000000.00 | 1.00 |
|  Class B | $1000.00 | $4.02 | $0.00 | $4.02 | $68120000.00 | 1.00 | $68120000.00 | 1.00 |
|  Class C | $1000.00 | $4.16 | $0.00 | $4.16 | $40870000.00 | 1.00 | $40870000.00 | 1.00 |
|  **Total** | $**1000.00** | $**3.86** | $**0.00** | $**3.86** | $**1000000000.00** | **1.00** | $**1000000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $500000000.00 |  | 500000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.8

**Exhibit 99.8** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2025-1**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **17** | **Revolving** | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance<br>Note Balance** | **SOFR:Days in the<br>Interest Period** | **Note<br>Interest Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A | 1/20/28 | 01/21/2031 | $534600000.00 |  | 4.71% |  |  | 4.71% |
|  Class B | 1/20/28 | 01/21/2031 | $40872000.00 |  | 4.94% |  |  | 4.94% |
|  Class C | 1/20/28 | 01/21/2031 | $24528000.00 |  | 5.09% |  |  | 5.09% |
|  **Total** |  |  | $**600000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2025-1 Allocation % x Group One Available Funds** | $40886730.15 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**40886730.15** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $6539509.54 |
|  Required Reserve Amount | $6539509.54 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**6539509.54** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover<br>Shortfall** | **Remaining<br>Available Funds** |
|  Master Collateral Agent Fee | $44.57 | $44.57 | $0.00 | $0.00 | $40886685.58 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $40886685.58 |
|  Asset Representations Reviewer Fee | $22.91 | $22.91 | $0.00 | $0.00 | $40886662.67 |
|  Supplemental ARR Fee | $91.65 | $91.65 | $0.00 | $0.00 | $40886571.02 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $40885321.02 |
|  Servicing Fee | $464001.49 | $464001.49 | $0.00 | $0.00 | $40421319.53 |
|  Class A Note Interest | $2098305.00 | $2098305.00 | $0.00 | $0.00 | $38323014.53 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38323014.53 |
|  Class B Note Interest | $168256.40 | $168256.40 | $0.00 | $0.00 | $38154758.13 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38154758.13 |
|  Class C Note Interest | $104039.60 | $104039.60 | $0.00 | $0.00 | $38050718.53 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38050718.53 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $38050718.53 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38050718.53 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $38050718.53 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $38050718.53 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $38050718.53 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $38050718.53 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $38050718.53 |
|  Class R Interest | $38050718.53 | $38050718.53 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**40886730.15** | $**40886730.15** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A | $0.00 | $0.00 | $2098305.00 | $0.00 | $0.00 | $2098305.00 |
|  Class B | $0.00 | $0.00 | $168256.40 | $0.00 | $0.00 | $168256.40 |
|  Class C | $0.00 | $0.00 | $104039.60 | $0.00 | $0.00 | $104039.60 |
|  **Total** | $**0.00** | $**0.00** | $**2370601.00** | $**0.00** | $**0.00** | $**2370601.00** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder** | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Payments** | **Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A | $1000.00 | $3.93 | $0.00 | $3.93 | $534600000.00 | 1.00 | $534600000.00 | 1.00 |
|  Class B | $1000.00 | $4.12 | $0.00 | $4.12 | $40872000.00 | 1.00 | $40872000.00 | 1.00 |
|  Class C | $1000.00 | $4.24 | $0.00 | $4.24 | $24528000.00 | 1.00 | $24528000.00 | 1.00 |
|  **Total** | $**1000.00** | $**3.95** | $**0.00** | $**3.95** | $**600000000.00** | **1.00** | $**600000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $300000000.00 |  | 300000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.9

**Exhibit 99.9** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2025-3** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | **Collection Period** | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** | **May 2026** | **06/22/2026** | **06/22/2026** | **15** |  | **Revolving** | **Revolving** |  |
| **Offered<br>Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest<br>Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A-1a | 3/22/27 | 03/20/2030 | $706008000.00 |  | 4.51% |  |  | 4.51% |
|  Class A-1b | 3/22/27 | 03/20/2030 | $185000000.00 | 33 | SOFR +0.55% | 06/12/2026 | 3.59301% | 4.14% |
|  Class B | 3/22/27 | 03/20/2030 | $68120000.00 |  | 4.77% |  |  | 4.77% |
|  Class C | 3/22/27 | 03/20/2030 | $40872000.00 |  | 4.90% |  |  | 4.90% |
|  **Total** |  |  | $**1000000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2025-3 Allocation % x Group One Available Funds** | $68047728.31 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**68047728.31** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $10899182.56 |
|  Required Reserve Amount | $10899182.56 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**10899182.56** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $74.19 | $74.19 | $0.00 | $0.00 | $68047654.12 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $68047654.12 |
|  Asset Representations Reviewer Fee | $38.13 | $38.13 | $0.00 | $0.00 | $68047615.99 |
|  Supplemental ARR Fee | $152.53 | $152.53 | $0.00 | $0.00 | $68047463.46 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $68046213.46 |
|  Servicing Fee | $772237.04 | $772237.04 | $0.00 | $0.00 | $67273976.42 |
|  Class A-1a Note Interest | $2653413.40 | $2653413.40 | $0.00 | $0.00 | $64620563.02 |
|  Class A-1b Note Interest | $702585.45 | $702585.45 | $0.00 | $0.00 | $63917977.57 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $63917977.57 |
|  Class B Note Interest | $270777.00 | $270777.00 | $0.00 | $0.00 | $63647200.57 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $63647200.57 |
|  Class C Note Interest | $166894.00 | $166894.00 | $0.00 | $0.00 | $63480306.57 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $63480306.57 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $63480306.57 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $63480306.57 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $63480306.57 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $63480306.57 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $63480306.57 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $63480306.57 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $63480306.57 |
|  Class R Interest | $63480306.57 | $63480306.57 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**68047728.31** | $**68047728.31** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $2653413.40 | $0.00 | $0.00 | $2653413.40 |
|  Class A-1b | $0.00 | $0.00 | $702585.45 | $0.00 | $0.00 | $702585.45 |
|  Class B | $0.00 | $0.00 | $270777.00 | $0.00 | $0.00 | $270777.00 |
|  Class C | $0.00 | $0.00 | $166894.00 | $0.00 | $0.00 | $166894.00 |
|  **Total** | $**0.00** | $**0.00** | $**3793669.85** | $**0.00** | $**0.00** | $**3793669.85** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Noteholder**<br> **Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $3.76 | $0.00 | $3.76 | $706008000.00 | 1.00 | $706008000.00 | 1.00 |
|  Class A-1b | $1000.00 | $3.80 | $0.00 | $3.80 | $185000000.00 | 1.00 | $185000000.00 | 1.00 |
|  Class B | $1000.00 | $3.98 | $0.00 | $3.98 | $68120000.00 | 1.00 | $68120000.00 | 1.00 |
|  Class C | $1000.00 | $4.08 | $0.00 | $4.08 | $40872000.00 | 1.00 | $40872000.00 | 1.00 |
|  **Total** | $**1000.00** | $**3.79** | $**0.00** | $**3.79** | $**1000000000.00** | **1.00** | $**1000000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $500000000.00 |  | 500000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.10

**Exhibit 99.10** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2025-5** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | **Collection Period** | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **12** |  | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest<br>Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A-1a | 6/20/28 | 06/20/2031 | $400950000.00 |  | 4.40% |  |  | 4.40% |
|  Class A-1b | 6/20/28 | 06/20/2031 | $133650000.00 | 33 | SOFR +0.55% | 06/12/2026 | 3.59301% | 4.14% |
|  Class B | 6/20/28 | 06/20/2031 | $40870000.00 |  | 4.42% |  |  | 4.42% |
|  Class C | 6/20/28 | 06/20/2031 | $24530000.00 |  | 4.84% |  |  | 4.84% |
|  **Total** |  |  | $**600000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2025-5 Allocation % x Group One Available Funds** | $40763511.50 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**40763511.50** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $6539509.54 |
|  Required Reserve Amount | $6539509.54 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**6539509.54** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution**  | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $44.44 | $44.44 | $0.00 | $0.00 | $40763467.06 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $40763467.06 |
|  Asset Representations Reviewer Fee | $22.84 | $22.84 | $0.00 | $0.00 | $40763444.22 |
|  Supplemental ARR Fee | $91.37 | $91.37 | $0.00 | $0.00 | $40763352.85 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $40762102.85 |
|  Servicing Fee | $462603.15 | $462603.15 | $0.00 | $0.00 | $40299499.70 |
|  Class A-1a Note Interest | $1470150.00 | $1470150.00 | $0.00 | $0.00 | $38829349.70 |
|  Class A-1b Note Interest | $507570.51 | $507570.51 | $0.00 | $0.00 | $38321779.19 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38321779.19 |
|  Class B Note Interest | $150537.83 | $150537.83 | $0.00 | $0.00 | $38171241.36 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38171241.36 |
|  Class C Note Interest | $98937.67 | $98937.67 | $0.00 | $0.00 | $38072303.69 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38072303.69 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $38072303.69 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $38072303.69 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $38072303.69 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $38072303.69 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $38072303.69 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $38072303.69 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $38072303.69 |
|  Class R Interest | $38072303.69 | $38072303.69 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**40763511.50** | $**40763511.50** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $1470150.00 | $0.00 | $0.00 | $1470150.00 |
|  Class A-1b | $0.00 | $0.00 | $507570.51 | $0.00 | $0.00 | $507570.51 |
|  Class B | $0.00 | $0.00 | $150537.83 | $0.00 | $0.00 | $150537.83 |
|  Class C | $0.00 | $0.00 | $98937.67 | $0.00 | $0.00 | $98937.67 |
|  **Total** | $**0.00** | $**0.00** | $**2227196.01** | $**0.00** | $**0.00** | $**2227196.01** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder**<br> **Payments** | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Noteholder**<br> **Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $3.67 | $0.00 | $3.67 | $400950000.00 | 1.00 | $400950000.00 | 1.00 |
|  Class A-1b | $1000.00 | $3.80 | $0.00 | $3.80 | $133650000.00 | 1.00 | $133650000.00 | 1.00 |
|  Class B | $1000.00 | $3.68 | $0.00 | $3.68 | $40870000.00 | 1.00 | $40870000.00 | 1.00 |
|  Class C | $1000.00 | $4.03 | $0.00 | $4.03 | $24530000.00 | 1.00 | $24530000.00 | 1.00 |
|  **Total** | $**1000.00** | $**3.71** | $**0.00** | $**3.71** | $**600000000.00** | **1.00** | $**600000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $300000000.00 |  | 300000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.11

**Exhibit 99.11** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2025-7** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **9** |  | **Revolving** |  |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity**<br>**Date** | **Issuance Note**<br>**Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest Rate** | **SOFR Adjustment**<br>**Date** | **SOFR30A** | **Total** |
|  Class A-1a | 8/21/28 | 08/20/2031 | $601430000.00 |  | 3.96% |  |  | 3.96% |
|  Class A-1b | 8/21/28 | 08/20/2031 | $200470000.00 | 33 | SOFR +0.52% | 06/12/2026 | 3.59301% | 4.11% |
|  Class B | 8/21/28 | 08/20/2031 | $61310000.00 |  | 4.21% |  |  | 4.21% |
|  Class C | 8/21/28 | 08/20/2031 | $36790000.00 |  | 4.40% |  |  | 4.40% |
|  **Total** |  |  | $**900000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2025-7 Allocation % x Group One Available Funds** | $61236458.22 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**61236458.22** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $9809264.31 |
|  Required Reserve Amount | $9809264.31 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**9809264.31** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $66.76 | $66.76 | $0.00 | $0.00 | $61236391.46 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $61236391.46 |
|  Asset Representations Reviewer Fee | $34.32 | $34.32 | $0.00 | $0.00 | $61236357.14 |
|  Supplemental ARR Fee | $137.27 | $137.27 | $0.00 | $0.00 | $61236219.87 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $61234969.87 |
|  Servicing Fee | $694939.60 | $694939.60 | $0.00 | $0.00 | $60540030.27 |
|  Class A-1a Note Interest | $1984719.00 | $1984719.00 | $0.00 | $0.00 | $58555311.27 |
|  Class A-1b Note Interest | $755823.86 | $755823.86 | $0.00 | $0.00 | $57799487.41 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $57799487.41 |
|  Class B Note Interest | $215095.92 | $215095.92 | $0.00 | $0.00 | $57584391.49 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $57584391.49 |
|  Class C Note Interest | $134896.67 | $134896.67 | $0.00 | $0.00 | $57449494.82 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $57449494.82 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $57449494.82 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $57449494.82 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $57449494.82 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $57449494.82 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $57449494.82 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $57449494.82 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $57449494.82 |
|  Class R Interest | $57449494.82 | $57449494.82 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**61236458.22** | $**61236458.22** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $1984719.00 | $0.00 | $0.00 | $1984719.00 |
|  Class A-1b | $0.00 | $0.00 | $755823.86 | $0.00 | $0.00 | $755823.86 |
|  Class B | $0.00 | $0.00 | $215095.92 | $0.00 | $0.00 | $215095.92 |
|  Class C | $0.00 | $0.00 | $134896.67 | $0.00 | $0.00 | $134896.67 |
|  **Total** | $**0.00** | $**0.00** | $**3090535.45** | $**0.00** | $**0.00** | $**3090535.45** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Noteholder**<br> **Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $3.30 | $0.00 | $3.30 | $601430000.00 | 1.00 | $601430000.00 | 1.00 |
|  Class A-1b | $1000.00 | $3.77 | $0.00 | $3.77 | $200470000.00 | 1.00 | $200470000.00 | 1.00 |
|  Class B | $1000.00 | $3.51 | $0.00 | $3.51 | $61310000.00 | 1.00 | $61310000.00 | 1.00 |
|  Class C | $1000.00 | $3.67 | $0.00 | $3.67 | $36790000.00 | 1.00 | $36790000.00 | 1.00 |
|  **Total** | $**1000.00** | $**3.43** | $**0.00** | $**3.43** | $**900000000.00** | **1.00** | $**900000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $450000000.00 |  | 450000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.12

**Exhibit 99.12** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2025-9** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **7** |  | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest<br>Rate** | **SOFR Adjustment<br>Date** | **SOFR30A** | **Total** |
|  Class A-1a | 10/20/27 | 10/21/2030 | $637806000.00 |  | 3.96% |  |  | 3.96% |
|  Class A-1b | 10/20/27 | 10/21/2030 | $75000000.00 | 33 | SOFR +0.42% | 06/12/2026 | 3.59301% | 4.01% |
|  Class B | 10/20/27 | 10/21/2030 | $54496000.00 |  | 4.24% |  |  | 4.24% |
|  Class C | 10/20/27 | 10/21/2030 | $32698000.00 |  | 4.41% |  |  | 4.41% |
|  **Total** |  |  | $**800000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2025-9 Allocation % x Group One Available Funds** | $54139002.88 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**54139002.88** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $8719346.05 |
|  Required Reserve Amount | $8719346.05 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**8719346.05** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $59.02 | $59.02 | $0.00 | $0.00 | $54138943.86 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $54138943.86 |
|  Asset Representations Reviewer Fee | $30.34 | $30.34 | $0.00 | $0.00 | $54138913.52 |
|  Supplemental ARR Fee | $121.36 | $121.36 | $0.00 | $0.00 | $54138792.16 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $54137542.16 |
|  Servicing Fee | $614394.40 | $614394.40 | $0.00 | $0.00 | $53523147.76 |
|  Class A-1a Note Interest | $2104759.80 | $2104759.80 | $0.00 | $0.00 | $51418387.96 |
|  Class A-1b Note Interest | $275894.44 | $275894.44 | $0.00 | $0.00 | $51142493.52 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $51142493.52 |
|  Class B Note Interest | $192552.53 | $192552.53 | $0.00 | $0.00 | $50949940.99 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $50949940.99 |
|  Class C Note Interest | $120165.15 | $120165.15 | $0.00 | $0.00 | $50829775.84 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $50829775.84 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $50829775.84 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $50829775.84 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $50829775.84 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $50829775.84 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $50829775.84 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $50829775.84 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $50829775.84 |
|  Class R Interest | $50829775.84 | $50829775.84 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**54139002.88** | $**54139002.88** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $2104759.80 | $0.00 | $0.00 | $2104759.80 |
|  Class A-1b | $0.00 | $0.00 | $275894.44 | $0.00 | $0.00 | $275894.44 |
|  Class B | $0.00 | $0.00 | $192552.53 | $0.00 | $0.00 | $192552.53 |
|  Class C | $0.00 | $0.00 | $120165.15 | $0.00 | $0.00 | $120165.15 |
|  **Total** | $**0.00** | $**0.00** | $**2693371.92** | $**0.00** | $**0.00** | $**2693371.92** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Noteholder**<br> **Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $3.30 | $0.00 | $3.30 | $637806000.00 | 1.00 | $637806000.00 | 1.00 |
|  Class A-1b | $1000.00 | $3.68 | $0.00 | $3.68 | $75000000.00 | 1.00 | $75000000.00 | 1.00 |
|  Class B | $1000.00 | $3.53 | $0.00 | $3.53 | $54496000.00 | 1.00 | $54496000.00 | 1.00 |
|  Class C | $1000.00 | $3.68 | $0.00 | $3.68 | $32698000.00 | 1.00 | $32698000.00 | 1.00 |
|  **Total** | $**1000.00** | $**3.37** | $**0.00** | $**3.37** | $**800000000.00** | **1.00** | $**800000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $400000000.00 |  | 400000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2

## Exhibit 99.13

**Exhibit 99.13** 

**Monthly Investor Report: Verizon Master Trust - VZMT 2026-1** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Collection Period** | | **Payment Date** | | **Transaction Month** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** | **Series Status at End of Prior Payment Date** |
| **May 2026** |  | **06/22/2026** |  | **3** |  | **Revolving** | **Revolving** |  |
| **Offered Notes** | **Anticipated<br>Redemption Date** | **Final Maturity<br>Date** | **Issuance Note<br>Balance** | **SOFR:Days in the<br>Interest Period** | **Note Interest<br>Rate** | **SOFR Adjustment**<br>**Date** | **SOFR30A** | **Total** |
|  Class A-1a | 2/22/28 | 02/20/2031 | $1102623000.00 |  | 3.94% |  |  | 3.94% |
|  Class A-1b | 2/22/28 | 02/20/2031 | $367541000.00 | 33 | SOFR +0.40% | 06/12/2026 | 3.64285% | 3.99% |
|  Class B | 2/22/28 | 02/20/2031 | $112398000.00 |  | 4.19% |  |  | 4.19% |
|  Class C | 2/22/28 | 02/20/2031 | $67438000.00 |  | 4.43% |  |  | 4.43% |
|  **Total** |  |  | $**1650000000.00** |  |  |  |  |  |

---

---

| | |
|:---|:---|
|  **Series 2026-1 Allocation % x Group One Available Funds** | $111593137.77 |
|  Amounts paid by the Cap Counterparty | N/A |
|  Available Subordinated Amounts | $0.00 |
|  Amounts drawn on the Reserve Account | $0.00 |
|  Amounts released from Principal Funding Account | $0.00 |
|  Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |  |
|  **Total Available Funds** | $**111593137.77** |

---

---

| | |
|:---|:---|
|  **Beginning of Period Reserve Account Balance** | $17983651.23 |
|  Required Reserve Amount | $17983651.23 |
|  Shortfall in Required Reserve Amount | $0.00 |
|  Reserve Account funds needed this period (True/False) | FALSE |
|  Reserve Account draw amount required | 0.00 |
|  Reserve Account Deposit Amount | $0.00 |
|  **End of Period Reserve Account Balance** | $**17983651.23** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Waterfall Distribution** | **Amount Due** | **Amount Paid** | **Shortfall** | **Carryover Shortfall** | **Remaining Available Funds** |
|  Master Collateral Agent Fee | $121.66 | $121.66 | $0.00 | $0.00 | $111593016.11 |
|  Owner Trustee Fee | $0.00 | $0.00 | $0.00 | $0.00 | $111593016.11 |
|  Asset Representations Reviewer Fee | $62.54 | $62.54 | $0.00 | $0.00 | $111592953.57 |
|  Supplemental ARR Fee | $250.15 | $250.15 | $0.00 | $0.00 | $111592703.42 |
|  Indenture Trustee Fee | $1250.00 | $1250.00 | $0.00 | $0.00 | $111591453.42 |
|  Servicing Fee | $1266410.45 | $1266410.45 | $0.00 | $0.00 | $110325042.97 |
|  Class A-1a Note Interest | $3620278.85 | $3620278.85 | $0.00 | $0.00 | $106704764.12 |
|  Class A-1b Note Interest | $1345295.31 | $1345295.31 | $0.00 | $0.00 | $105359468.81 |
|  First Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $105359468.81 |
|  Class B Note Interest | $392456.35 | $392456.35 | $0.00 | $0.00 | $104967012.46 |
|  Second Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $104967012.46 |
|  Class C Note Interest | $248958.62 | $248958.62 | $0.00 | $0.00 | $104718053.84 |
|  Third Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $104718053.84 |
|  Reserve Account up to Required Reserve Amount | $0.00 | $0.00 | $0.00 | $0.00 | $104718053.84 |
|  Regular Priority Principal Payment | $0.00 | $0.00 | $0.00 | $0.00 | $104718053.84 |
|  Supplemental Successor Servicer Fee | $0.00 | $0.00 | $0.00 | $0.00 | $104718053.84 |
|  Additional Interest Amounts | $0.00 | $0.00 | $0.00 | $0.00 | $104718053.84 |
|  Make-Whole Payments | $0.00 | $0.00 | $0.00 | $0.00 | $104718053.84 |
|  Additional Fees and Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $104718053.84 |
|  Additional Trust Expenses | $0.00 | $0.00 | $0.00 | $0.00 | $104718053.84 |
|  Class R Interest | $104718053.84 | $104718053.84 | $0.00 | $0.00 | $0.00 |
|  **Total** | $**111593137.77** | $**111593137.77** | $**0.00** | $**0.00** |  |
|  **Total Priority Principal Payments and Additional Interest Amounts** |  |  |  |  | $**0.00** |

---

Page 1 of 2

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Noteholder Payments** | **Note Balance** | **PFA Account** | **Interest Payment** | **Add'l Interest** | **Make-Whole** | **Total Payment** |
|  Class A-1a | $0.00 | $0.00 | $3620278.85 | $0.00 | $0.00 | $3620278.85 |
|  Class A-1b | $0.00 | $0.00 | $1345295.31 | $0.00 | $0.00 | $1345295.31 |
|  Class B | $0.00 | $0.00 | $392456.35 | $0.00 | $0.00 | $392456.35 |
|  Class C | $0.00 | $0.00 | $248958.62 | $0.00 | $0.00 | $248958.62 |
|  **Total** | $**0.00** | $**0.00** | $**5606989.13** | $**0.00** | $**0.00** | $**5606989.13** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Payment per $1,000 of Notes** | **Payment per $1,000 of Notes** | | **As of Prior Payment Date** | **As of Prior Payment Date** | **Current Payment Date** | **Current Payment Date** |
| **Noteholder**<br> **Payments** |<br>**Note Balance**<br>**per $1,000 of Notes** | **Interest Payment** | **Make-Whole Payment** |<br>**Total Payment** | **Balance** | **Note Pool Factor** | **Balance** | **Note Pool Factor** |
|  Class A-1a | $1000.00 | $3.28 | $0.00 | $3.28 | $1102623000.00 | 1.00 | $1102623000.00 | 1.00 |
|  Class A-1b | $1000.00 | $3.66 | $0.00 | $3.66 | $367541000.00 | 1.00 | $367541000.00 | 1.00 |
|  Class B | $1000.00 | $3.49 | $0.00 | $3.49 | $112398000.00 | 1.00 | $112398000.00 | 1.00 |
|  Class C | $1000.00 | $3.69 | $0.00 | $3.69 | $67438000.00 | 1.00 | $67438000.00 | 1.00 |
|  **Total** | $**1000.00** | $**3.40** | $**0.00** | $**3.40** | $**1650000000.00** | **1.00** | $**1650000000.00** | **1.00** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Beginning Period** | **Add: Deposit** | **Ending Period** |
|  Principal Funding Account Limit | $825000000.00 |  | 825000000.00 |
|  Principal Funding Account balance | $0.00 | $0.00 | $0.00 |

---

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

Page 2 of 2