Exactly the same thing happening to me. I use a Dell dock and two monitors.

Seeing the same thing when I dock/undock. The TouchBar often flashes/flickers before the crash happens if I'm working on the laptop after undocking. I send a report into Apple each time (example below). Happens 2 to 5 times in a row before stabilizing. The error message changes a little each time (example below - often has "Sleep/Wake hang detected"). Send into Apple every time. Dell thunderbolt dock and Sabren monitor adapter with 2 monitors running. OS 12.6 on a 2020 13-inch MacBook Pro with Intel i7. Is there a workaround for this? Are Apple developers monitoring this site and is there a fix coming at some stage? Are there any docks that work? Is it a dock issue or is it related to transferring from laptop monitor to external monitors? panic(cpu 1 caller 0xfffffff028ce6bac): Sleep/Wake hang detected @IOPMrootDomain.cpp:12600 Debugger message: panic Memory ID: 0x6 OS release type: User OS version: 19P6066 macOS version: 21G83 Kernel version: Darwin Kernel Version 21.6.0: Wed Aug 10 14:04:32 PDT 2022; root:xnu-8020.141.5~1/RELEASE_ARM64_T8010 Kernel UUID: ED0C23DC-B156-3B2D-A95D-022856D12AD5 iBoot version: iBoot-7459.141.1 secure boot?: YES x86 EFI Boot State: 0x16 x86 System State: 0x1 x86 Power State: 0x1 x86 Shutdown Cause: 0x5 x86 Previous Power Transitions: 0x100010001 PCIeUp link state: not available Paniclog version: 13 Kernel slide:   0x0000000020f48000 Kernel text base: 0xfffffff027f4c000 mach_absolute_time: 0x1ed7308843a Epoch Time:    sec    usec  Boot  : 0x62fdad8e 0x0007708f  Sleep  : 0x62fdbea5 0x0006bd8b  Wake  : 0x62fdc2b1 0x000ac305  Calendar: 0x62ff0d66 0x000916ac Zone info:  Zone map: 0xffffffe036df4000 - 0xffffffe636df4000  . VM  : 0xffffffe036df4000 - 0xffffffe11d458000  . RO  : 0xffffffe11d458000 - 0xffffffe16a124000  . GEN0 : 0xffffffe16a124000 - 0xffffffe250788000  . GEN1 : 0xffffffe250788000 - 0xffffffe336dec000  . GEN2 : 0xffffffe336dec000 - 0xffffffe41d454000  . GEN3 : 0xffffffe41d454000 - 0xffffffe503abc000  . DATA : 0xffffffe503abc000 - 0xffffffe636df4000  Metadata: 0xffffffee581a0000 - 0xffffffee599a0000  Bitmaps : 0xffffffee599a0000 - 0xffffffee59c04000 CORE 0: PC=0xfffffff02878a924, LR=0xfffffff02878a924, FP=0xffffffe636f43f00 CORE 1 is the one that panicked. Check the full backtrace for details. Compressor Info: 0% of compressed pages limit (OK) and 0% of segments limit (OK) with 0 swapfiles and OK swap space Panicked task 0xffffffe41d4f8628: 0 pages, 230 threads: pid 0: kernel_task Panicked thread: 0xffffffe3363db0c8, backtrace: 0xffffffee59c637f0, tid: 47855  lr: 0xfffffff02875a64c fp: 0xffffffee59c63830  lr: 0xfffffff02875a3d4 fp: 0xffffffee59c638a0  lr: 0xfffffff028893e48 fp: 0xffffffee59c63910  lr: 0xfffffff028892dec fp: 0xffffffee59c639c0  lr: 0xfffffff028db95fc fp: 0xffffffee59c639d0  lr: 0xfffffff02875a0f0 fp: 0xffffffee59c63d60  lr: 0xfffffff02875a0f0 fp: 0xffffffee59c63dc0  lr: 0xfffffff0298df38c fp: 0xffffffee59c63de0  lr: 0xfffffff028ce6bac fp: 0xffffffee59c63e20  lr: 0xfffffff0287abea0 fp: 0xffffffee59c63f20  lr: 0xfffffff028dc45a0 fp: 0x0000000000000000