This is a known issue with Sonoma 14.4. running on hardware with M2 or M3 ARM architecture. This problem specifically impacts plug-ins that are protected with ilok/PACE and are being hosted in an DAW that utilizes AU. This is something that is also affecting other manufacturers plugins as well.

This issue was fixed in Sonoma 14.4.1

More information at PACE (ilok) is available here.

Suggestions are as followed: 

- Consider avoiding MacOS 14.4

- Upgrade your Mac OS

- Run Logic in Rosetta Mode. See more information on this here: If you need to install Rosetta on your Mac – Apple Support (UK)