Watch OS 5 beta 2 or iOS 5 ???

After installing iOS 12 beta 2 when checking for updates for my  Watch S3 I get a message that iOS 5 is availabl. Is this watch OS 5 beta 2 incorrectly labeled?

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It is indeed watchOS 5 beta 2 (16R5303d)

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It is indeed watchOS 5 beta 2 (16R5303d)

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