diff --git a/mysql-test/main/sp_validation.result b/mysql-test/main/sp_validation.result
index 192a5e1d24083..55892172ea3af 100644
--- a/mysql-test/main/sp_validation.result
+++ b/mysql-test/main/sp_validation.result
@@ -2142,3 +2142,24 @@ ERROR HY000: The target table v1 of the DELETE is not updatable
 # Clean up
 DROP VIEW v1;
 DROP TABLE t1;
+#
+# MDEV-37335: crash on re-parsing an sp_instr_set that does not own its LEX
+#
+CREATE TABLE t1 (a INT);
+INSERT INTO t1 VALUES (1);
+CREATE PROCEDURE p()
+BEGIN
+DECLARE b,c INT DEFAULT (SELECT a FROM t1);
+SELECT b, c;
+END
+$
+CALL p();
+b	c
+1	1
+ALTER TABLE t1 MODIFY a BIGINT;
+CALL p();
+b	c
+1	1
+# Clean up
+DROP PROCEDURE p;
+DROP TABLE t1;
diff --git a/mysql-test/main/sp_validation.test b/mysql-test/main/sp_validation.test
index fc84c6de97523..f2087e68968f0 100644
--- a/mysql-test/main/sp_validation.test
+++ b/mysql-test/main/sp_validation.test
@@ -2952,4 +2952,32 @@ UPDATE t1 SET a = 4;
 DROP VIEW v1;
 DROP TABLE t1;
 
+--echo #
+--echo # MDEV-37335: crash on re-parsing an sp_instr_set that does not own its LEX
+--echo #
+CREATE TABLE t1 (a INT);
+INSERT INTO t1 VALUES (1);
+
+--delimiter $
+CREATE PROCEDURE p()
+BEGIN
+  DECLARE b,c INT DEFAULT (SELECT a FROM t1);
+  SELECT b, c;
+END
+$
+--delimiter ;
+
+CALL p();
+
+ALTER TABLE t1 MODIFY a BIGINT;
+
+# The instruction assigning the variable b doesn't own the LEX shared with
+# the instruction assigning the variable c, so re-parsing it after a metadata
+# change used to run the code path intended for cursor instructions.
+CALL p();
+
+--echo # Clean up
+DROP PROCEDURE p;
+DROP TABLE t1;
+
 --enable_ps2_protocol
diff --git a/sql/sp_instr.cc b/sql/sp_instr.cc
index 5dd02473522a0..6c86b4201d1d4 100644
--- a/sql/sp_instr.cc
+++ b/sql/sp_instr.cc
@@ -487,9 +487,10 @@ int sp_lex_keeper::validate_lex_and_exec_core(THD *thd, uint *nextp,
       if (!lex) return true;
 
       /*
-        m_lex != nullptr in case it points to sp_lex_cursor.
+        m_lex != nullptr in case it points to sp_lex_cursor, and also when
+        this instruction shares a LEX owned by a sibling instruction.
       */
-      if (m_lex == nullptr)
+      if (m_lex == nullptr || !m_lex->get_lex_for_cursor())
         set_lex(lex);
 
       m_first_execution= true;
@@ -896,8 +897,10 @@ LEX* sp_lex_instr::parse_expr(THD *thd, sp_head *sp, LEX *sp_instr_lex)
   /*
     sp_instr_lex != nullptr for cursor relating SP instructions (sp_instr_cpush,
     sp_instr_cursor_copy_struct) and in some cases for sp_instr_set.
+    Only the cursor ones carry a sp_lex_cursor, which is what the else branch
+    below expects.
   */
-  if (sp_instr_lex == nullptr)
+  if (sp_instr_lex == nullptr || !sp_instr_lex->get_lex_for_cursor())
   {
     lex_local= new (thd->mem_root) st_lex_local;
     thd->lex= lex_local;