Why does insert hyperlink lose entries during search for same string?

It seems that when I want to search text and replace with a hyperlink throughout a sheet I should be able to use the Apply button and continue searching for the same string with the same hyperlink entries.
After making the first change from Text to a Hyperlink and moving on to the same find entry the Hyperlink options to Reset Apply Close OK are greyed out but accept selection. When I select the arrow to search for the same string all the entries of the Insert Hyperlink box get erased or timeout quickly and I have to make the same entries per each search/find.

What is the purpose of Apply anyway? I feel like this was possible in previous versions. Am I missing some setting or is this just a logical restriction?

Given: Ubuntu 18.04,