Timeline View - Memory Utilization

I would like to know more about “Memory Utilization” in the Timeline View.
Three items displayed: “Local”, “Non Local”, and “Local Demoted Memory”.

I believe that “Local” means VRAM, and “Non Local” means system RAM, but what does “Local Demoted Memory” mean? (paged out to disk?)
When “Local Demoted Memory” is present in “Memory Utilization”, the app gets very heavy stuttering.

What version of the tool are you running?

@dofek for further comment

Sorry for the delay in my response.
The version is 2022.4.1.

For now, I believe that “Local Demoted memory” means memory demoted from “Local”.