Just updated to the 11.5.1 update today and it did not fix my issue either. I reported this issue to apple about a week ago and they suggested backing up and doing a fresh install. I am getting panics when I connect to my cal digit usb c thunderbolt dock. my dock is display port and I'm using adapters cause the 6monitors I have are hdmi(I bought the display port one without realizing there was an hdmi option) I can connect for a bout 2 or 3 min. then it panics and restarts. I will try the fresh install method in a few days when I have the time and update with the status of that potential fix. oh forgot to mention I'm on a 2019 16 Mac book pro with i9 32gig ram 2tb storage, and radeon 5500m 8gb model. if anyone can help I would appreciate it.

OK im not sure if this applies to anyone here however cal digit has a driver support package listed in library/extensions. I found an older post about it causing issues on a different version of Mac OS from last year. I moved that .kext file to trash and I have stopped having the issue. I hope this helps those with this problem. This is for the cal digit dock only. if you are having this issue with a different dock then you may want to look into the driver support for that dock.