diff --git a/wp-includes/html-api/class-wp-html-tag-processor.php b/wp-includes/html-api/class-wp-html-tag-processor.php
index 5a9221fc9e..f540aa743d 100644
--- a/wp-includes/html-api/class-wp-html-tag-processor.php
+++ b/wp-includes/html-api/class-wp-html-tag-processor.php
@@ -1404,6 +1404,7 @@ private function class_name_updates_to_attributes_updates() {
 	 * Applies attribute updates to HTML document.
 	 *
 	 * @since 6.2.0
+	 * @since 6.3.0 Invalidate any bookmarks whose targets are overwritten.
 	 *
 	 * @return void
 	 */
@@ -1434,7 +1435,7 @@ private function apply_attributes_updates() {
 		 * Adjust bookmark locations to account for how the text
 		 * replacements adjust offsets in the input document.
 		 */
-		foreach ( $this->bookmarks as $bookmark ) {
+		foreach ( $this->bookmarks as $bookmark_name => $bookmark ) {
 			/*
 			 * Each lexical update which appears before the bookmark's endpoints
 			 * might shift the offsets for those endpoints. Loop through each change
@@ -1445,20 +1446,22 @@ private function apply_attributes_updates() {
 			$tail_delta = 0;
 
 			foreach ( $this->lexical_updates as $diff ) {
-				$update_head = $bookmark->start >= $diff->start;
-				$update_tail = $bookmark->end >= $diff->start;
-
-				if ( ! $update_head && ! $update_tail ) {
+				if ( $bookmark->start < $diff->start && $bookmark->end < $diff->start ) {
 					break;
 				}
 
+				if ( $bookmark->start >= $diff->start && $bookmark->end < $diff->end ) {
+					$this->release_bookmark( $bookmark_name );
+					continue 2;
+				}
+
 				$delta = strlen( $diff->text ) - ( $diff->end - $diff->start );
 
-				if ( $update_head ) {
+				if ( $bookmark->start >= $diff->start ) {
 					$head_delta += $delta;
 				}
 
-				if ( $update_tail ) {
+				if ( $bookmark->end >= $diff->end ) {
 					$tail_delta += $delta;
 				}
 			}
@@ -1470,6 +1473,18 @@ private function apply_attributes_updates() {
 		$this->lexical_updates = array();
 	}
 
+	/**
+	 * Checks whether a bookmark with the given name exists.
+	 *
+	 * @since 6.3.0
+	 *
+	 * @param string $bookmark_name Name to identify a bookmark that potentially exists.
+	 * @return bool Whether that bookmark exists.
+	 */
+	public function has_bookmark( $bookmark_name ) {
+		return array_key_exists( $bookmark_name, $this->bookmarks );
+	}
+
 	/**
 	 * Move the internal cursor in the Tag Processor to a given bookmark's location.
 	 *
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 9f55914696..ef66bfd3de 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -16,7 +16,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '6.3-alpha-55554';
+$wp_version = '6.3-alpha-55555';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.