diff --git a/packages/richtext-lexical/src/field/Field.tsx b/packages/richtext-lexical/src/field/Field.tsx
index 4088dbf326..571e1d6f56 100644
--- a/packages/richtext-lexical/src/field/Field.tsx
+++ b/packages/richtext-lexical/src/field/Field.tsx
@@ -79,10 +79,6 @@ const RichTextComponent: React.FC<
   const disabled = readOnlyFromProps || formProcessing || formInitializing
 
   const [isSmallWidthViewport, setIsSmallWidthViewport] = useState<boolean>(false)
-  const [rerenderProviderKey, setRerenderProviderKey] = useState<Date>()
-
-  const prevInitialValueRef = React.useRef<SerializedEditorState | undefined>(initialValue)
-  const prevValueRef = React.useRef<SerializedEditorState | undefined>(value)
 
   useEffect(() => {
     const updateViewPortWidth = () => {
@@ -117,24 +113,13 @@ const RichTextComponent: React.FC<
 
   const handleChange = useCallback(
     (editorState: EditorState) => {
-      const newState = editorState.toJSON()
-      prevValueRef.current = newState
-      setValue(newState)
+      setValue(editorState.toJSON())
     },
     [setValue],
   )
 
   const styles = useMemo(() => mergeFieldStyles(field), [field])
 
-  useEffect(() => {
-    if (JSON.stringify(initialValue) !== JSON.stringify(prevInitialValueRef.current)) {
-      prevInitialValueRef.current = initialValue
-      if (JSON.stringify(prevValueRef.current) !== JSON.stringify(value)) {
-        setRerenderProviderKey(new Date())
-      }
-    }
-  }, [initialValue, value])
-
   return (
     <div className={classes} key={pathWithEditDepth} style={styles}>
       <RenderCustomComponent
@@ -150,7 +135,7 @@ const RichTextComponent: React.FC<
             editorConfig={editorConfig}
             fieldProps={props}
             isSmallWidthViewport={isSmallWidthViewport}
-            key={JSON.stringify({ path, rerenderProviderKey })} // makes sure lexical is completely re-rendered when initialValue changes, bypassing the lexical-internal value memoization. That way, external changes to the form will update the editor. More infos in PR description (https://github.com/payloadcms/payload/pull/5010)
+            key={JSON.stringify({ initialValue, path })} // makes sure lexical is completely re-rendered when initialValue changes, bypassing the lexical-internal value memoization. That way, external changes to the form will update the editor. More infos in PR description (https://github.com/payloadcms/payload/pull/5010)
             onChange={handleChange}
             readOnly={disabled}
             value={value}
diff --git a/test/fields/collections/Lexical/components/ClearState.tsx b/test/fields/collections/Lexical/components/ClearState.tsx
deleted file mode 100644
index a6b2782720..0000000000
--- a/test/fields/collections/Lexical/components/ClearState.tsx
+++ /dev/null
@@ -1,28 +0,0 @@
-'use client'
-
-import { useForm } from '@payloadcms/ui'
-import React from 'react'
-
-export const ClearState = ({ fieldName }: { fieldName: string }) => {
-  const { dispatchFields, fields } = useForm()
-
-  const clearState = React.useCallback(() => {
-    dispatchFields({
-      type: 'REPLACE_STATE',
-      state: {
-        ...fields,
-        [fieldName]: {
-          ...fields[fieldName],
-          initialValue: null,
-          value: null,
-        },
-      },
-    })
-  }, [dispatchFields, fields, fieldName])
-
-  return (
-    <button id={`clear-lexical-${fieldName}`} onClick={clearState} type="button">
-      Clear State
-    </button>
-  )
-}
diff --git a/test/fields/collections/Lexical/e2e/main/e2e.spec.ts b/test/fields/collections/Lexical/e2e/main/e2e.spec.ts
index 4597fa2948..3352788f11 100644
--- a/test/fields/collections/Lexical/e2e/main/e2e.spec.ts
+++ b/test/fields/collections/Lexical/e2e/main/e2e.spec.ts
@@ -264,19 +264,6 @@ describe('lexicalMain', () => {
     })
   })
 
-  test('should be able to externally mutate editor state', async () => {
-    await navigateToLexicalFields()
-    const richTextField = page.locator('.rich-text-lexical').nth(1).locator('.editor-scroller') // first
-    await expect(richTextField).toBeVisible()
-    await richTextField.click() // Use click, because focus does not work
-    await page.keyboard.type('some text')
-    const spanInEditor = richTextField.locator('span').first()
-    await expect(spanInEditor).toHaveText('some text')
-    await saveDocAndAssert(page)
-    await page.locator('#clear-lexical-lexicalSimple').click()
-    await expect(spanInEditor).not.toBeAttached()
-  })
-
   test('should be able to bold text using floating select toolbar', async () => {
     await navigateToLexicalFields()
     const richTextField = page.locator('.rich-text-lexical').nth(2) // second
diff --git a/test/fields/collections/Lexical/index.ts b/test/fields/collections/Lexical/index.ts
index 5630a7e3ea..bff47de359 100644
--- a/test/fields/collections/Lexical/index.ts
+++ b/test/fields/collections/Lexical/index.ts
@@ -317,20 +317,6 @@ export const LexicalFields: CollectionConfig = {
         ],
       }),
     },
-    {
-      type: 'ui',
-      name: 'clearLexicalState',
-      admin: {
-        components: {
-          Field: {
-            path: '/collections/Lexical/components/ClearState.js#ClearState',
-            clientProps: {
-              fieldName: 'lexicalSimple',
-            },
-          },
-        },
-      },
-    },
     {
       name: 'lexicalWithBlocks',
       type: 'richText',