2021 Macbook Pro M1 Crashes when waking from Sleep and Requiring Password

panic(cpu 1 caller 0xfffffe001403b754): SEP Panic: :sks /sks : 0x00099775 0x000429cc 0x000429b0 0x0000b8f0 0x0000ec0c 0x00020574 0x0006e5f0 0x00061a40 [ppnnl]

File system is encrypted.

This error occurs after waking the laptop from some form of "sleep" (having had pressed the power button to make the laptop "sleep"), requiring a password to open the lock screen after it's awake. This is repeatable, though it now seems to require some additional time in sleep to recreate the crash (before I tried removing and reinstalling a suspected issue with Google Drive Desktop App, I could repeat the crash after just allowing the computer to 'sleep" long enough to cause the external monitors to go into power save mode).

What may be happening here?