diff --git a/Zend/tests/gh10072-2.phpt b/Zend/tests/gh10072-2.phpt
new file mode 100644
index 00000000000..3de75a2b6c0
--- /dev/null
+++ b/Zend/tests/gh10072-2.phpt
@@ -0,0 +1,20 @@
+--TEST--
+GH-10072 (PHP crashes when execute_ex is overridden and a trampoline is used from internal code during shutdown)
+--EXTENSIONS--
+zend_test
+--INI--
+zend_test.replace_zend_execute_ex=1
+opcache.jit=disable
+--FILE--
+<?php
+
+class TrampolineTest {
+    public function __call(string $name, array $arguments) {
+        echo 'Trampoline for ', $name, PHP_EOL;
+    }
+}
+
+register_shutdown_function([new TrampolineTest(), 'shutdown']);
+?>
+--EXPECT--
+Trampoline for shutdown
diff --git a/Zend/tests/gh10072.phpt b/Zend/tests/gh10072.phpt
new file mode 100644
index 00000000000..95a0d434505
--- /dev/null
+++ b/Zend/tests/gh10072.phpt
@@ -0,0 +1,106 @@
+--TEST--
+GH-10072 (PHP crashes when execute_ex is overridden and a trampoline is used from internal code)
+--EXTENSIONS--
+zend_test
+--INI--
+zend_test.replace_zend_execute_ex=1
+opcache.jit=disable
+--FILE--
+<?php
+class DummyStreamWrapper
+{
+    /** @var resource|null */
+    public $context;
+
+    /** @var resource|null */
+    public $handle;
+
+
+    public function stream_cast(int $castAs)
+    {
+        return $this->handle;
+    }
+
+
+    public function stream_close(): void
+    {
+    }
+
+    public function stream_open(string $path, string $mode, int $options = 0, ?string &$openedPath = null): bool
+    {
+        return true;
+    }
+
+
+    public function stream_read(int $count)
+    {
+        return 0;
+    }
+
+
+    public function stream_seek(int $offset, int $whence = SEEK_SET): bool
+    {
+        return true;
+    }
+
+
+    public function stream_set_option(int $option, int $arg1, ?int $arg2): bool
+    {
+        return false;
+    }
+
+
+    public function stream_stat()
+    {
+        return [];
+    }
+
+
+    public function stream_tell()
+    {
+        return [];
+    }
+
+
+    public function stream_truncate(int $newSize): bool
+    {
+        return true;
+    }
+
+
+    public function stream_write(string $data)
+    {
+    }
+
+
+    public function unlink(string $path): bool
+    {
+        return false;
+    }
+}
+
+class TrampolineTest {
+    /** @var resource|null */
+    public $context;
+
+    /** @var object|null */
+    private $wrapper;
+
+    public function __call(string $name, array $arguments) {
+        if (!$this->wrapper) {
+            $this->wrapper = new DummyStreamWrapper();
+        }
+        echo 'Trampoline for ', $name, PHP_EOL;
+        return $this->wrapper->$name(...$arguments);
+	}
+
+}
+
+stream_wrapper_register('custom', TrampolineTest::class);
+
+
+$fp = fopen("custom://myvar", "r+");
+?>
+--EXPECT--
+Trampoline for stream_open
+Trampoline for stream_close
diff --git a/Zend/zend_vm_def.h b/Zend/zend_vm_def.h
index 9a1d00d6c77..d2fcb03fde6 100644
--- a/Zend/zend_vm_def.h
+++ b/Zend/zend_vm_def.h
@@ -8723,7 +8723,9 @@ ZEND_VM_HANDLER(158, ZEND_CALL_TRAMPOLINE, ANY, ANY, SPEC(OBSERVER))
 			SAVE_OPLINE_EX();
 			ZEND_OBSERVER_FCALL_BEGIN(execute_data);
 			execute_data = EX(prev_execute_data);
-			LOAD_OPLINE();
+			if (execute_data) {
+				LOAD_OPLINE();
+			}
 			ZEND_ADD_CALL_FLAG(call, ZEND_CALL_TOP);
 			zend_execute_ex(call);
 		}
@@ -8775,7 +8777,7 @@ ZEND_VM_HANDLER(158, ZEND_CALL_TRAMPOLINE, ANY, ANY, SPEC(OBSERVER))
 
 	execute_data = EG(current_execute_data);
 
-	if (!EX(func) || !ZEND_USER_CODE(EX(func)->type) || (call_info & ZEND_CALL_TOP)) {
+	if (!execute_data || !EX(func) || !ZEND_USER_CODE(EX(func)->type) || (call_info & ZEND_CALL_TOP)) {
 		ZEND_VM_RETURN();
 	}
 
diff --git a/Zend/zend_vm_execute.h b/Zend/zend_vm_execute.h
index 9303953e4e8..02842be27f6 100644
--- a/Zend/zend_vm_execute.h
+++ b/Zend/zend_vm_execute.h
@@ -3409,7 +3409,9 @@ static ZEND_OPCODE_HANDLER_RET ZEND_FASTCALL ZEND_CALL_TRAMPOLINE_SPEC_HANDLER(Z
 			SAVE_OPLINE_EX();
 
 			execute_data = EX(prev_execute_data);
-			LOAD_OPLINE();
+			if (execute_data) {
+				LOAD_OPLINE();
+			}
 			ZEND_ADD_CALL_FLAG(call, ZEND_CALL_TOP);
 			zend_execute_ex(call);
 		}
@@ -3460,7 +3462,7 @@ static ZEND_OPCODE_HANDLER_RET ZEND_FASTCALL ZEND_CALL_TRAMPOLINE_SPEC_HANDLER(Z
 
 	execute_data = EG(current_execute_data);
 
-	if (!EX(func) || !ZEND_USER_CODE(EX(func)->type) || (call_info & ZEND_CALL_TOP)) {
+	if (!execute_data || !EX(func) || !ZEND_USER_CODE(EX(func)->type) || (call_info & ZEND_CALL_TOP)) {
 		ZEND_VM_RETURN();
 	}
 
@@ -3547,7 +3549,9 @@ static ZEND_OPCODE_HANDLER_RET ZEND_FASTCALL ZEND_CALL_TRAMPOLINE_SPEC_OBSERVER_
 			SAVE_OPLINE_EX();
 			zend_observer_fcall_begin(execute_data);
 			execute_data = EX(prev_execute_data);
-			LOAD_OPLINE();
+			if (execute_data) {
+				LOAD_OPLINE();
+			}
 			ZEND_ADD_CALL_FLAG(call, ZEND_CALL_TOP);
 			zend_execute_ex(call);
 		}
@@ -3599,7 +3603,7 @@ static ZEND_OPCODE_HANDLER_RET ZEND_FASTCALL ZEND_CALL_TRAMPOLINE_SPEC_OBSERVER_
 
 	execute_data = EG(current_execute_data);
 
-	if (!EX(func) || !ZEND_USER_CODE(EX(func)->type) || (call_info & ZEND_CALL_TOP)) {
+	if (!execute_data || !EX(func) || !ZEND_USER_CODE(EX(func)->type) || (call_info & ZEND_CALL_TOP)) {
 		ZEND_VM_RETURN();
 	}