diff --git a/wp-includes/class-wp-theme-json.php b/wp-includes/class-wp-theme-json.php
index 50552e68b7..06dd33e43c 100644
--- a/wp-includes/class-wp-theme-json.php
+++ b/wp-includes/class-wp-theme-json.php
@@ -1092,7 +1092,7 @@ class WP_Theme_JSON {
 				$slug = _wp_to_kebab_case( $preset['slug'] );
 
 				$value = '';
-				if ( isset( $preset_metadata['value_key'] ) ) {
+				if ( isset( $preset_metadata['value_key'], $preset[ $preset_metadata['value_key'] ] ) ) {
 					$value_key = $preset_metadata['value_key'];
 					$value     = $preset[ $value_key ];
 				} elseif (
@@ -1837,7 +1837,7 @@ class WP_Theme_JSON {
 						sanitize_html_class( $preset['slug'] ) === $preset['slug']
 					) {
 						$value = null;
-						if ( isset( $preset_metadata['value_key'] ) ) {
+						if ( isset( $preset_metadata['value_key'], $preset[ $preset_metadata['value_key'] ] ) ) {
 							$value = $preset[ $preset_metadata['value_key'] ];
 						} elseif (
 							isset( $preset_metadata['value_func'] ) &&
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 5476ef92eb..aa1c1cd7c4 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -16,7 +16,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '6.0-alpha-52760';
+$wp_version = '6.0-alpha-52763';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.