Gotcha! Thanks for clarifying, Stephen. You mentioned about Windows Hello which handles and covers PIN, face, or fingerprint sign-in, but the rotating images are controlled by Windows Spotlight. No worries, let's figure this out together.
Try these steps for me.
Step 1. Re-enable Spotlight
Go to Settings > Personalization > Lock screen.
Under Personalize your lock screen, select Picture (or Slideshow), then switch it back to Windows Spotlight.
Lock your PC and see if Spotlight refreshes.
Step 2. Reset the Spotlight cache
Press Win + R, type %localappdata%\Packages, and press Enter.
Find the folder: Microsoft.Windows.ContentDeliveryManager_cw5n1h2txyewy.
Open LocalState > Assets and delete everything inside.
Also, in Settings > Personalization > Lock screen, reapply Windows Spotlight again.
Step 3. Re-register Spotlight
Open PowerShell as Administrator.
Run this command:
Get-AppxPackage -allusers Microsoft.Windows.ContentDeliveryManager | Foreach {Add-AppxPackage -DisableDevelopmentMode -Register "$($_.InstallLocation)\AppXManifest.xml"}
Restart your PC and check the lock screen again.
You can also check and try the steps in this link
https://www.elevenforum.com/t/reset-and-re-register-windows-spotlight-in-windows-11.5248/
Note: This is a non-Microsoft website. The page appears to be providing accurate, safe information. Watch out for ads on the site that may advertise products frequently classified as a PUP (Potentially Unwanted Products). Thoroughly research any product advertised on the site before you decide to download and install it.
If Spotlight still doesn’t load images, then an in-place repair upgrade is the next step. That will refresh all personalization and system files while keeping your apps and data intact. Or if you have a system restore point, you can also do a system restore.