diff --git a/src/TraceEvent/PredefinedDynamicEvent.cs b/src/TraceEvent/PredefinedDynamicEvent.cs
index c663512c9..287e9d792 100644
--- a/src/TraceEvent/PredefinedDynamicEvent.cs
+++ b/src/TraceEvent/PredefinedDynamicEvent.cs
@@ -58,16 +58,20 @@ protected internal override Delegate Target
         }
 
         /// <summary>
-        /// Creates a clone of this template.
+        /// Copies this event, or clones an unpopulated template for registration.
         /// </summary>
-        /// <returns>A new instance of the template</returns>
+        /// <returns>An independent event copy or template.</returns>
         public override unsafe TraceEvent Clone()
         {
             var clone = (PredefinedDynamicEvent)base.Clone();
             
-            // Reset source-specific fields to ensure the clone can be registered with a new source
-            clone.traceEventSource = null;
-            clone.Target = null;
+            // Reset source-specific fields only for templates so they can be registered with a new source.
+            // Populated event copies retain their source and callback, matching the base Clone behavior.
+            if (eventRecord == null)
+            {
+                clone.traceEventSource = null;
+                clone.Target = null;
+            }
 
             return clone;
         }
diff --git a/src/TraceEvent/TraceEvent.Tests/Universal/UniversalTests.cs b/src/TraceEvent/TraceEvent.Tests/Universal/UniversalTests.cs
index fd6ab55c3..c786c4e2c 100644
--- a/src/TraceEvent/TraceEvent.Tests/Universal/UniversalTests.cs
+++ b/src/TraceEvent/TraceEvent.Tests/Universal/UniversalTests.cs
@@ -1,4 +1,6 @@
-using Microsoft.Diagnostics.Tracing.Parsers.Universal.Events;
+using Microsoft.Diagnostics.Tracing;
+using Microsoft.Diagnostics.Tracing.Etlx;
+using Microsoft.Diagnostics.Tracing.Parsers.Universal.Events;
 using System;
 using Xunit;
 using Xunit.Abstractions;
@@ -12,6 +14,45 @@ public UniversalTests(ITestOutputHelper output)
         {
         }
 
+        [Theory]
+        [InlineData("cpu")]
+        [InlineData("cswitch")]
+        public unsafe void SampleClone_PreservesSourceAndCallback(string eventName)
+        {
+            using var source = (TraceLog)Activator.CreateInstance(typeof(TraceLog), true);
+            Action<TraceEvent> callback = _ => { };
+            TraceEventNativeMethods.EVENT_RECORD record = default;
+            var original = new SampleTraceData(eventName)
+            {
+                traceEventSource = source,
+                eventRecord = &record,
+                Target = callback,
+            };
+
+            var clone = original.Clone();
+
+            Assert.Same(source, clone.Source);
+            Assert.Same(callback, clone.Target);
+        }
+
+        [Fact]
+        public void SampleTemplateClone_ClearsSourceAndCallback()
+        {
+            using var source = (TraceLog)Activator.CreateInstance(typeof(TraceLog), true);
+            var template = new SampleTraceData("cpu")
+            {
+                traceEventSource = source,
+                Target = new Action<TraceEvent>(_ => { }),
+            };
+
+            var clone = template.Clone();
+
+            Assert.Null(clone.Source);
+            Assert.Null(clone.Target);
+            Assert.Same(source, template.Source);
+            Assert.NotNull(template.Target);
+        }
+
         [Fact]
         public void ProcessMappingMetadataParser_Empty()
         {