If you or anyone still has this issue, I’ve discovered you have to set the base sizes in the 16:9 aspect ratio. You have both base sizes set at 0.1. What would fix this if you change the Base Size X = 0.05625.
I recently switched my project from 4.22 to 4.26 and this exact issue happened to me. I really don’t know why it wouldn’t do this automatically as you said. My guess is it’s a bug they haven’t gotten around to fix it.