Kernel Panic

Do you have any external devices connected to the Mac?

Kernel Panics are predominately caused by third-party kernel extensions and hardware faults (including external hardware). There are some other rare causes.

You don't have any third-party kernel extensions, so you most likely have a hardware problem.

A Page Fault is related to memory, but not necessarily RAM. It could be a RAM problem, but could be something else.

You could run Apple Diagnostics, but it may not find anything.

You can try an NVRAM reset which can resolve one of the rare causes.

Erasing the drive completely and reinstalling the OS might solve it, but not likely. About all that will do is give you an unmodified OS to confirm it is something in the Mac or, unlikely, a problem with Apple's own kernel extensions.

The only way to figure out what the cause might be is to take it to an Apple Store or Authorized Repair center.