Project Manager "Consolidate and Transcode as Individual Clips" Option Doesn't Honor In/Out Points

Latest version of Premiere

• .mp4 source media (yeah, i know)
• Sequence contains multiple clips with various in/out points set on the clips themselves, i.e. a typical edit
• Choose Project Manager/Consolidate and Transcode/Individual Clips
• Choose Quicktime/Apple Prores 4444
• Check: exclude unsused media, 24 frame handles
• Resulting export transcodes the entire clip, not the clip from in to out point
• So, it appears to be making a copy of the entire clip and ignoring the in/out points

not what I want. i want only the edited, individual sections of the clips from the sequence.

any help or advice is appreciated. thanks.