Joomla 4 Snippet not inserting variables

Ok so I have a new Joomla! 4.2.3 Stable [ Uaminifu ] 27-September-2022 15:35 GMT installation, Database Version 10.2.44-MariaDB, PHP Version 8.0.23. Site is hosted by InMotion Hosting on a VPS server that I control with a total of 4 websites - all of which are mine.

I have installed ONLY the Regular Labs Extensions as follows:

I have created a single Snippet following the docs4.regularlabs.com/snippets/the-basics/creating-a-snippet

The snippet details are:
I have created two variables:
Variable Key ="year" and Default Value = "2022" - Insert in Tag set to "YES" (ie:GREEN YES SHOWING)
Variable Key ="company" and Default Value = "Test Company, INC." - Insert in Tag set to "YES" (ie:GREEN YES SHOWING)

Options are all Default with Show in Editor Button List set to Only in admin.

I have tried creating a NEW Article as well as editing an existing Article and with both I use the Snippet Button under CMS Content. After clicking the Snippet Button I am presented with a modal window showing a single Snippet with the following:

ID="1", Alias="copyright", Title="copyright", Description="Test Copyright", Category="Copyright", Frontend="x", Status="✔"

I click on the Title which is "copyright" and the modal window disappears and the following is inserted into the article:

Am I correct that this is a BUG and in fact it should be auto filling the year and company with the variable information?

Ok. That does work. I guess I was confused because I tried using the Button. Apparently you wouldn't be able to use the Button to insert this then? I mean I tried inserting it by clicking on all three "Buttons" including ID, Alias & Title and each time it did not produce the code:
instead it produced the following:depending on which button you click on.

I mean the only way I can seem to find to reproduce:is to hand type the actual text or to use the button, click on title and delete the:Is this correct? That you have to hand type the actual text? Or am I missing something else?

Ok. Once again that works. I guess I was confused by the wording of the Tip that comes up when you haver over the little i in the circle (to the right of the column label "Insert in Tag") that says, "Select to have the editor button insert this variable key as an attribute in the snippet tag." I read that text to be that it was going to insert the actual value for me. A possible way to reword this to make it clearer is, "Select to have the editor button insert the option to change this variable key's value as an attribute in the snippet tag."

As a side note - the text of that goes off the screen and you can't read all of it in Chrome.

So again - Thanks for your help! I continue to recommend your products as I find they are the best out there for what they do and they continue to be the only extensions I use except for Akeeba backup. Keep up the great work!