Not working with Blazy Format

Image Pin is not showing on the images when we use the format of manage display to Blazy

Steps to reproduce

1. Create one entity reference field
2. Type of item to reference media
3. Go to the Manage form display
a) select widget entity browser
b) settings Entity browser: Image Browser, Selection mode: Append to selection, Entity display: Rendered entity, View Mode: Original
4.Manage Display
a)Format : Blazy
b)view mode: Default, Loading: lazy
or
5.Manage display
a)Format : Rendered Entity
b) View Mode: Select any one other than default
Image pin doesn't work in both cases of manage display.

Proposed resolution

Details:

Drupal Core: 9.5.3
PHP version: 8.1.6