Filed under Rule 424(b)(2), File No. 333-267245

Preliminary Pricing Supplement No. 163 - Dated Monday, July 29, 2024 (To: Prospectus dated September 2, 2022 and Prospectus Supplement dated September 2, 2022)

CUSIP Number

Principal Amount

Selling Price

Gross Concession

Net Proceeds

Coupon Type

Coupon Rate

Coupon Frequency

Maturity Date

1st Coupon Date

1st Coupon Amount

Survivor’s Option

Product Ranking

92346MNP2

[ ]

100.00%

1.250%

[ ]

Fixed

4.600%

Semi-Annual

08/15/2029

2/15/2025

$23.89

Yes

Senior Unsecured Notes

Redemption Information: Callable at 100% on 8/15/2025 and any time thereafter with 10 calendar days notice.

92346MNQ0

[ ]

100.00%

2.000%

[ ]

Fixed

5.050%

Semi-Annual

08/15/2036

2/15/2025

$26.23

Yes

Senior Unsecured Notes

Redemption Information: Callable at 100% on 8/15/2026 and any time thereafter with 10 calendar days notice.

Verizon Communications Inc.

Offering Date: Monday, July 29, 2024 through Monday, August 5, 2024

Verizon Communications Inc.

One Verizon Way

Trade Date: Monday, August 5, 2024 @ 12:00 PM ET

Verizon InterNotes ®

Basking Ridge, New Jersey 07920-1097

Settle Date: Thursday, August 8, 2024

Prospectus dated September 2, 2022 and Prospectus

Minimum Denomination/Increments: $1,000.00/$1,000.00

Supplement dated September 2, 2022

Initial trades settle flat and clear SDFS: DTC Book Entry only

DTC Number 0235 via RBC Dain Rauscher Inc

Joint Lead Manager and Lead Agent: InspereX Agents: BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors It is expected that delivery of the Notes will be made on or about August 8, 2024, which will be the third business day following the date hereof (such settlement cycle being referred to as “T+3”). Under Rule 15c6-1 under the Exchange Act, trades in the secondary market are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the delivery of the Notes will be required, by virtue of the fact that the Notes initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to their date of delivery should consult their own advisors. Except for Notes sold to level-fee accounts, Notes offered to the public will be offered at the public offering price set forth in this Pricing Supplement. Agents purchasing Notes on an agency basis for non-level fee client accounts shall purchase Notes at the public offering price. Notes purchased by the Agents for their own account may be purchased at the public offering price less the applicable concession. Notes purchased by the Agents on behalf of level-fee accounts may be sold to such accounts at the applicable concession to the public offering price, in which case, such Agents will not retain any portion of the sales price as compensation. If the maturity date or an interest payment date for any note is not a business day (as defined in the prospectus supplement), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date. The Verizon InterNotes® will be represented by a Master Note in fully registered form, without coupons. The Master Note will be deposited with, or on behalf of, DTC and registered in the name of a nominee of DTC, as depository, or another depository as may be named in a subsequent pricing supplement.