diff --git a/runtime/doc/options.txt b/runtime/doc/options.txt
index 7e1d4cb67e..4628a1624c 100644
--- a/runtime/doc/options.txt
+++ b/runtime/doc/options.txt
@@ -1,4 +1,4 @@
-*options.txt*	For Vim version 9.2.  Last change: 2026 May 01
+*options.txt*	For Vim version 9.2.  Last change: 2026 May 03
 
 
 		  VIM REFERENCE MANUAL	  by Bram Moolenaar
@@ -6799,6 +6799,9 @@ A jump table for the options with a short description can be found at |Q_op|.
 <	Replace the ';' with a ':' or whatever separator is used.  Note that
 	this doesn't work when $INCL contains a comma or white space.
 
+	This option cannot be set from a |modeline| or in the |sandbox|, for
+	security reasons.
+
 						*'perldll'*
 'perldll'		string	(default depends on the build)
 			global
diff --git a/src/findfile.c b/src/findfile.c
index ed0ee76c49..af9523dcda 100644
--- a/src/findfile.c
+++ b/src/findfile.c
@@ -2412,6 +2412,10 @@ expand_path_option(
     {
 	buflen = copy_option_part(&path_option, buf, MAXPATHL, " ,");
 
+	// do not expand backticks, could have been set via a modeline
+	if (vim_strchr(buf, '`') != NULL)
+	    continue;
+
 	if (buf[0] == '.' && (buf[1] == NUL || vim_ispathsep(buf[1])))
 	{
 	    size_t  plen;
diff --git a/src/optiondefs.h b/src/optiondefs.h
index 0a93b70f8e..f712ab7a14 100644
--- a/src/optiondefs.h
+++ b/src/optiondefs.h
@@ -1958,7 +1958,7 @@ static struct vimoption options[] =
 			    (char_u *)&p_pm, PV_NONE,
 			    did_set_backupext_or_patchmode, NULL,
 			    {(char_u *)"", (char_u *)0L} SCTX_INIT},
-    {"path",	    "pa",   P_STRING|P_EXPAND|P_VI_DEF|P_COMMA|P_NODUP,
+    {"path",	    "pa",   P_STRING|P_EXPAND|P_VI_DEF|P_SECURE|P_COMMA|P_NODUP,
 			    (char_u *)&p_path, PV_PATH, NULL, NULL,
 			    {
 #if defined(AMIGA) || defined(MSWIN)
diff --git a/src/testdir/test_find_complete.vim b/src/testdir/test_find_complete.vim
index 079fb78043..8b8b71c303 100644
--- a/src/testdir/test_find_complete.vim
+++ b/src/testdir/test_find_complete.vim
@@ -161,4 +161,21 @@ func Test_find_complete()
   set path&
 endfunc
 
+" Verify that backticks in 'path' are not executed
+func Test_find_completion_backtick_in_path()
+  CheckUnix
+  CheckExecutable id
+
+  new Xpoc.c
+  setl path+=`id>Xrce_marker`
+  " Triggering completion must not execute the backtick command.
+  call getcompletion('', 'file_in_path')
+  call assert_false(filereadable('Xrce_marker'))
+  call feedkeys(":find \t\n", "xt")
+  call assert_false(filereadable('Xrce_marker'))
+
+  bwipe!
+  call delete('Xrce_marker')
+endfunc
+
 " vim: shiftwidth=2 sts=2 expandtab
diff --git a/src/testdir/test_modeline.vim b/src/testdir/test_modeline.vim
index 6884ab473d..6cbf87638a 100644
--- a/src/testdir/test_modeline.vim
+++ b/src/testdir/test_modeline.vim
@@ -665,4 +665,18 @@ func Test_modeline_strict_cannot_be_set_from_modeline()
   let &modeline = modeline
 endfunc
 
+" Verify that backticks in 'path' set from a modeline are not executed
+func Test_path_modeline()
+  let lines =<< trim END
+    // vim: set path+=foobar :
+  END
+  call writefile(lines, 'Xpoc.c', 'D')
+
+  set nomodelinestrict modeline
+  call assert_fails('split Xpoc.c', 'E520:')
+
+  bwipe!
+  set modelinestrict& modeline&
+endfunc
+
 " vim: shiftwidth=2 sts=2 expandtab
diff --git a/src/version.c b/src/version.c
index 6d8157e4aa..2691f438b0 100644
--- a/src/version.c
+++ b/src/version.c
@@ -729,6 +729,8 @@ static char *(features[]) =
 
 static int included_patches[] =
 {   /* Add new patch number below this line */
+/**/
+    435,
 /**/
     434,
 /**/