I just had it happen again and here's what event viewers showed:
Log Name:      System
Source:        Microsoft-Windows-DistributedCOM
Date:          3/15/2022 11:11:39 AM
Event ID:      10016
Task Category: None
Level:         Warning
Keywords:      Classic
User:          DESKTOP-PQ6LBJR\Msrad
Computer:      DESKTOP-PQ6LBJR
Description:
The machine-default permission settings do not grant Local Activation permission for the COM Server application with CLSID 
{C2F03A33-21F5-47FA-B4BB-156362A2F239}
 and APPID 
{316CDED5-E4AE-4B15-9113-7055D84DCC97}
 to the user DESKTOP-PQ6LBJR\Msrad SID (S-1-5-21-2691362848-4144541633-3644128697-1001) from address LocalHost (Using LRPC) running in the application container Microsoft.Windows.ShellExperienceHost_10.0.19041.1320_neutral_neutral_cw5n1h2txyewy SID (S-1-15-2-155514346-2573954481-755741238-1654018636-1233331829-3075935687-2861478708). This security permission can be modified using the Component Services administrative tool.
Event Xml:
<Event xmlns="
http://schemas.microsoft.com/win/2004/08/events/event">
  <System>
    <Provider Name="Microsoft-Windows-DistributedCOM" Guid="{1B562E86-B7AA-4131-BADC-B6F3A001407E}" EventSourceName="DCOM" />
    <EventID Qualifiers="0">10016</EventID>
    <Version>0</Version>
    <Level>3</Level>
    <Task>0</Task>
    <Opcode>0</Opcode>
    <Keywords>0x8080000000000000</Keywords>
    <TimeCreated SystemTime="2022-03-15T15:11:39.1491806Z" />
    <EventRecordID>63485</EventRecordID>
    <Correlation ActivityID="{7ce36669-c986-4261-8726-14fc918b4bcf}" />
    <Execution ProcessID="1720" ThreadID="13832" />
    <Channel>System</Channel>
    <Computer>DESKTOP-PQ6LBJR</Computer>
    <Security UserID="S-1-5-21-2691362848-4144541633-3644128697-1001" />
  </System>
  <EventData>
    <Data Name="param1">machine-default</Data>
    <Data Name="param2">Local</Data>
    <Data Name="param3">Activation</Data>
    <Data Name="param4">{C2F03A33-21F5-47FA-B4BB-156362A2F239}</Data>
    <Data Name="param5">{316CDED5-E4AE-4B15-9113-7055D84DCC97}</Data>
    <Data Name="param6">DESKTOP-PQ6LBJR</Data>
    <Data Name="param7">Msrad</Data>
    <Data Name="param8">S-1-5-21-2691362848-4144541633-3644128697-1001</Data>
    <Data Name="param9">LocalHost (Using LRPC)</Data>
    <Data Name="param10">Microsoft.Windows.ShellExperienceHost_10.0.19041.1320_neutral_neutral_cw5n1h2txyewy</Data>
    <Data Name="param11">S-1-15-2-155514346-2573954481-755741238-1654018636-1233331829-3075935687-2861478708</Data>
  </EventData>
</Event>