diff --git a/src/eval.c b/src/eval.c
index d775ee3..81a1dd0 100644
--- a/src/eval.c
+++ b/src/eval.c
@@ -6491,8 +6491,16 @@
 		did_emsg = save_did_emsg;
 	}
 	else if (eap->cmdidx == CMD_execute)
+	{
+	    int save_sticky_cmdmod_flags = sticky_cmdmod_flags;
+
+	    // "legacy exe cmd" and "vim9cmd exe cmd" applies to "cmd".
+	    sticky_cmdmod_flags = cmdmod.cmod_flags
+						& (CMOD_LEGACY | CMOD_VIM9CMD);
 	    do_cmdline((char_u *)ga.ga_data,
 		       eap->getline, eap->cookie, DOCMD_NOWAIT|DOCMD_VERBOSE);
+	    sticky_cmdmod_flags = save_sticky_cmdmod_flags;
+	}
     }
 
     ga_clear(&ga);
diff --git a/src/ex_docmd.c b/src/ex_docmd.c
index 4003605..864f3d8 100644
--- a/src/ex_docmd.c
+++ b/src/ex_docmd.c
@@ -2786,6 +2786,7 @@
     int	    starts_with_colon = FALSE;
 
     CLEAR_POINTER(cmod);
+    cmod->cmod_flags = sticky_cmdmod_flags;
 
     // Repeat until no more command modifiers are found.
     for (;;)
diff --git a/src/globals.h b/src/globals.h
index 2f6a4b4..8bc537e 100644
--- a/src/globals.h
+++ b/src/globals.h
@@ -1156,6 +1156,7 @@
 EXTERN int	ctrl_c_interrupts INIT(= TRUE);	// CTRL-C sets got_int
 
 EXTERN cmdmod_T	cmdmod;			// Ex command modifiers
+EXTERN int	sticky_cmdmod_flags INIT(= 0); // used by :execute
 
 #ifdef FEAT_EVAL
 EXTERN int	is_export INIT(= FALSE);    // :export {cmd}
diff --git a/src/testdir/test_vim9_cmd.vim b/src/testdir/test_vim9_cmd.vim
index 0ac69e8..4398cbf 100644
--- a/src/testdir/test_vim9_cmd.vim
+++ b/src/testdir/test_vim9_cmd.vim
@@ -83,6 +83,31 @@
   v9.CheckScriptSuccess(lines)
 enddef
 
+def Test_cmdmod_execute()
+  # "legacy" applies not only to the "exe" argument but also to the commands
+  var lines =<< trim END
+      vim9script
+
+      b:undo = 'let g:undone = 1 | let g:undtwo = 2'
+      legacy exe b:undo
+      assert_equal(1, g:undone)
+      assert_equal(2, g:undtwo)
+  END
+  v9.CheckScriptSuccess(lines)
+
+  # same for "vim9cmd" modifier
+  lines =<< trim END
+      let b:undo = 'g:undone = 11 | g:undtwo = 22'
+      vim9cmd exe b:undo
+      call assert_equal(11, g:undone)
+      call assert_equal(22, g:undtwo)
+  END
+  v9.CheckScriptSuccess(lines)
+  unlet b:undo
+  unlet g:undone
+  unlet g:undtwo
+enddef
+
 def Test_edit_wildcards()
   var filename = 'Xtest'
   edit `=filename`
diff --git a/src/version.c b/src/version.c
index f7599c0..dfcec91 100644
--- a/src/version.c
+++ b/src/version.c
@@ -747,6 +747,8 @@
 static int included_patches[] =
 {   /* Add new patch number below this line */
 /**/
+    4348,
+/**/
     4347,
 /**/
     4346,