PREMIERE 26.0.1 - Adobe player error (wat?!)

This is the first time I’ve seen this error, after which Premiere crashed. 

I was gonna show a guy how to create a choppy text effect, so the steps to reproduce are:

• Create project, 1080@25 sequence
• Place a text on the timeline, type anything
• Add a turbulence displace effect to the text layer, animate Evolution, change the size property
• Play it back

I got this error twice out of 6 takes, so it’s hard to reproduce. But 2 times is a bad sign as well.

There’s was nothing else in that project except the sequence and the text layer. The project was created on a fast SSD I work from. 14700K, 4080, NV Studio driver 591.74 (not gonna update to the current until NVidia fixes the fan problems the new driver is notorious for, and a bunch of reports from users prove the new driver is safe).