panic(cpu 0 caller 0xfffffe002fe9e914): watchdog timeout: no checkins from watchdogd in 184 seconds (14 totalcheckins since monitoring last enabled), shutdown in progress, vfs shutdown not yet started

There's really not much to be found in a panic log. Sometimes there are hints.

Kernel Extensions are a prime cause of panics, but you don't show any third-party kernel extensions loaded.

The next highest cause is hardware, internal or external. The last loaded kext was autofs. Do you have external drives attached? If so try disconnecting them and see if you get a panic. Make sure you disconnect the cable from the Mac, not just eject. If they go through some form of hub or dock, remove that from the equation.

And, all of that could just be a red herring.

If it doesn't resolve by disconnecting hardware, you'll need to erase it completely and reinstall the OS. Do not migrate any user data or install anything. Test it to make sure you have no issues before migrating data or installing anything. Make sure you follow the instructions for Apple Silicon as just erasing the entire drive will leave you with an unusable Mac until you reset it using another Mac.

Use Disk Utility to erase a Mac with Apple silicon - Apple Support

So you don't run into any server issues, you might want to create a bootable USB installer to use.

If it crashes with nothing installed, take it to an Apple Store or Authorized Repair Center.