I don't think there's any bug in Cocoa as this is new behavior in Sequoia, though I'll let the triage owner to ponder over it. Feel free to move back to Address Bar.
Bug 1945424 Comment 3 Edit History
Note: The actual edited comment in the bug view page will always show the original commenter’s name and original timestamp.
I don't think there's any bug in Cocoa as this is new behavior in Sequoia, though I'll let the triage owner to ponder over it, I'm not sure if there's a bug in targeting as I'd expect the context menu to open on the urlbar. Feel free to move back to Address Bar in case.