The issues can be seen after compiling this Java source code:

import jdk.internal.vm.annotation.NullRestricted;
import jdk.internal.vm.annotation.Strict;

public class NRTest {
    static value class Value {
int i = 0;
    }

    @Strict
    @NullRestricted
    Value v = new Value();
    
    public static void main(String[] args) {
var t = new NRTest();
    }
}

When disassembling the produced class file, the information related to the field v is:

  NRTest$Value v;
    descriptor: LNRTest$Value;
    flags: (0x0800) ACC_STRICT_INIT
    RuntimeVisibleAnnotations:
      0: #18()
        jdk.internal.vm.annotation.NullRestricted
    RuntimeInvisibleAnnotations:
      0: #20()
        jdk.internal.vm.annotation.Strict


Javac correctly sets the ACC_STRICT_INIT flag in the field's access flags.
However, javac also puts jdk.internal.vm.annotation.Strict in the set of runtime annotations of the field. This is redundant with the ACC_STRICT_INIT flag, and it is not consistent with the definition of the Strict annotation which is declared as having a SOURCE policy retention:

@Target(ElementType.FIELD)
@Retention(RetentionPolicy.SOURCE)
public @interface Strict {
}