Flashing loading icon for certain formula cells when the output is blank

See video below. I am not exactly sure how to repro this, but I am fairly certain it is new behaviour (maybe past month or two). I have noticed it in Duration cells, and when the Formula is one that happens to yield Blank ("") based on the evaluation of some conditional. For the column shown, the formula is:

If(thisRow.Due.IsNotBlank() AND thisRow.Status != "Done", thisRow.Due - Now(), "")

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Platform info:

macOS 11.5.2
Chrome Version 99.0.4844.84 (Official Build) (x86_64)

I’ve experienced this too - can’t remember what doc but I can confirm!

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