Thanks @JimmyYang-MSFT . I appreciate your response. Unfortunately, I've already tried your suggestions without any improvement.
No one in our organization has reported the issue, but only a few of us in IT are running Windows 11. Most users are still on Windows 10. I'm probably the only one running the latest version of Windows 11 (Insider Preview). I did test on another machine running an older version of Windows 11 (same/latest version of Teams) and was unable to reproduce the issue. For now, the issue is isolated to my main device. I'll try updating another machine to the same version of Windows 11 to see if it triggers the issue.
I'll proceed with opening a ticket with Microsoft Support.