Kernal Panic when sleeping - Ventura

I agree with @Barney-15E that the UGreen enclosure is the most likely culprit. I was assisting another user recently where we suspect the UGreen enclosure was the source of the problem. Over the years I have discovered that Macs are very particular about the devices used for external storage and even more particular for boot drives. I have also found the quality of many external docks & enclosures to be less than stellar. I've never personally used any UGreen products. I tend to stay with brands that have a long history of quality & compatibility such as Plugable, StarTech, and OWC. I always try to get USB devices which utilize the ASMedia USB chipset and support UASP since they tend to be found in the better quality products.

The "initproc" is a very early stage of the boot process and usually indicates some sort of hardware issue.

Plus waking from sleep can be tricky for external devices and SSDs. Make sure you have unchecked "Put hard disk to sleep when possible" in the System Settings since some SSDs have trouble waking up from system sleep. SSDs will put themselves into a low power mode if needed without the need for the OS to tell the SSD.

It is also possible the problem is with your SSD or even a compatibility issue between SSD, UGreen, and the Mac.

Or maybe you have a memory problem since you have two different types of Kernel Panics with one mentioning a Page Fault which many times indicates a memory issue.

You may want to try running the Apple Diagnostics to see if any hardware issues are detected. Unfortunately the diagnostics rarely detect issues, but it never hurts to try.

You can try to run a longer more thorough memory test by creating & using a bootable MemtTest86 USB stick. Just use the default settings since I have found modifying the Memtest86 CPU settings for 2017+ Macs may cause problems with the test. Unfortunately a passing result means nothing since the only useful diagnostic is one which reports an issue.

It doesn't look like a kernel extension problem, so something hardware is most likely.

The UVCService was the last loaded kext, so it could be related to USB Video Class driver.

I found some info about a conflict with Chrome, but that was resolved in 2017.

The panic log indicates a fault in cr2. I don't know if that is related.

If you can run it without using the external drive, that could isolate the problem to the Mac or to the interaction with the SSD.

Anything labeled "green" is likely doing things to shut down the drive without consent of the OS. I wouldn't trust any of it. But, I don't see how sleeping it would cause a panic.

When shopping for USB Hubs, Docks, and drive enclosures, cheap and gimmicky is not a good buying strategy.

Use the Additional Text area (document icon in reply toolbar) to post the entire panic log.