Code wrapped on multiple lines with backtick ` has weird indentation behavior when formatting file

[tuokri]

As demonstrated by this video, every time I hit the format hotkey, the wrapped lines starting with either " or ' are intended further by a single space.

Untitled.mp4

Example file:

param (
    [Parameter(mandatory = $true)]
    [string]$SteamCMDExePath
)

$Proc = Start-Process -FilePath "$SteamCMDExePath" `
    -ArgumentList "+force_install_dir", "$APP_PATH", `
    "+login", $STEAM_USERNAME, $STEAM_PASSWORD, `
    '"+app_update 480 validate"', `
    "+quit" `
    -NoNewWindow `
    -Wait `
    -PassThru

exit $Proc.ExitCode