How to configure sequenser to export transparent videos/images in UE5

No matter how I configure it, the exported image is always black :sob::sob::sob::sob:

I added the following configuration to the project settings:
Snipaste_2022-04-28_12-05-10
And set the export format to PNG, which works fine in UE4 but not for UE5

Consider filing a bug report if no one follows up here, especially if it’s different than UE4.