diff --git a/jerry-core/ecma/base/ecma-gc.c b/jerry-core/ecma/base/ecma-gc.c
index 4ece159e8..0e013c1fb 100644
--- a/jerry-core/ecma/base/ecma-gc.c
+++ b/jerry-core/ecma/base/ecma-gc.c
@@ -685,6 +685,12 @@ ecma_gc_mark (ecma_object_t *object_p) /**< object to mark from */
     }
 #endif /* ENABLED (JERRY_BUILTIN_REALMS) */
 
+    /**
+     * Have the object's prototype here so the object could set it to JMEM_CP_NULL
+     * if the prototype should be ignored (like in case of PROXY).
+     */
+    jmem_cpointer_t proto_cp = object_p->u2.prototype_cp;
+
     switch (object_type)
     {
 #if !ENABLED (JERRY_BUILTIN_REALMS)
@@ -852,8 +858,6 @@ ecma_gc_mark (ecma_object_t *object_p) /**< object to mark from */
             }
           }
 
-          jmem_cpointer_t proto_cp = object_p->u2.prototype_cp;
-
           if (proto_cp != JMEM_CP_NULL)
           {
             ecma_gc_set_object_visited (ECMA_GET_NON_NULL_POINTER (ecma_object_t, proto_cp));
@@ -866,18 +870,11 @@ ecma_gc_mark (ecma_object_t *object_p) /**< object to mark from */
       case ECMA_OBJECT_TYPE_PROXY:
       {
         ecma_gc_mark_proxy_object (object_p);
-        /* No need to free the properties of a proxy (there should be none).
-         * Aside from the tag bits every other bit should be zero,
-         */
-        JERRY_ASSERT ((object_p->u1.property_list_cp & ~JMEM_TAG_MASK) == 0);
-
-        jmem_cpointer_t proto_cp = object_p->u2.prototype_cp;
-
-        if (proto_cp != JMEM_CP_NULL)
-        {
-          ecma_gc_set_object_visited (ECMA_GET_NON_NULL_POINTER (ecma_object_t, proto_cp));
-        }
-        return;
+        /* The protoype of the proxy should be "empty" (aside from the tag bits every other bit should be zero). */
+        JERRY_ASSERT ((object_p->u2.prototype_cp & ~JMEM_TAG_MASK) == 0);
+        /* Make sure that the prototype is not checked below. */
+        proto_cp = JMEM_CP_NULL;
+        break;
       }
 #endif /* ENABLED (JERRY_BUILTIN_PROXY) */
       case ECMA_OBJECT_TYPE_BOUND_FUNCTION:
@@ -1033,8 +1030,6 @@ ecma_gc_mark (ecma_object_t *object_p) /**< object to mark from */
       }
     }
 
-    jmem_cpointer_t proto_cp = object_p->u2.prototype_cp;
-
     if (proto_cp != JMEM_CP_NULL)
     {
       ecma_gc_set_object_visited (ECMA_GET_NON_NULL_POINTER (ecma_object_t, proto_cp));
@@ -1649,12 +1644,10 @@ ecma_gc_free_object (ecma_object_t *object_p) /**< object to free */
 #if ENABLED (JERRY_BUILTIN_PROXY)
     case ECMA_OBJECT_TYPE_PROXY:
     {
-      /* No need to free the properties of a proxy (there should be none).
-       * Aside from the tag bits every other bit should be zero,
-       */
-      JERRY_ASSERT ((object_p->u1.property_list_cp & ~JMEM_TAG_MASK) == 0);
-      ecma_dealloc_extended_object (object_p, sizeof (ecma_proxy_object_t));
-      return;
+      /* The protoype of the proxy should be "empty" (aside from the tag bits every other bit should be zero). */
+      JERRY_ASSERT ((object_p->u2.prototype_cp & ~JMEM_TAG_MASK) == 0);
+      ext_object_size = sizeof (ecma_proxy_object_t);
+      break;
     }
 #endif /* ENABLED (JERRY_BUILTIN_PROXY) */
     case ECMA_OBJECT_TYPE_FUNCTION:
diff --git a/jerry-core/ecma/base/ecma-globals.h b/jerry-core/ecma/base/ecma-globals.h
index 1b429b873..7b5cfac12 100644
--- a/jerry-core/ecma/base/ecma-globals.h
+++ b/jerry-core/ecma/base/ecma-globals.h
@@ -2166,8 +2166,8 @@ do \
  * Description of Proxy objects.
  *
  * A Proxy object's property list is used to store extra information:
- *  * The "header.u1.property_list_cp" 1st tag bit stores the IsCallable information.
- *  * The "header.u1.property_list_cp" 2nd tag bit stores the IsConstructor information.
+ *  * The "header.u2.prototype_cp" 1st tag bit stores the IsCallable information.
+ *  * The "header.u2.prototype_cp" 2nd tag bit stores the IsConstructor information.
  */
 typedef struct
 {
diff --git a/jerry-core/ecma/operations/ecma-function-object.c b/jerry-core/ecma/operations/ecma-function-object.c
index b6069ac1d..117ca7c7d 100644
--- a/jerry-core/ecma/operations/ecma-function-object.c
+++ b/jerry-core/ecma/operations/ecma-function-object.c
@@ -106,7 +106,7 @@ ecma_op_object_is_callable (ecma_object_t *obj_p) /**< ecma object */
 #if ENABLED (JERRY_BUILTIN_PROXY)
   if (ECMA_OBJECT_TYPE_IS_PROXY (type))
   {
-    return ECMA_GET_FIRST_BIT_FROM_POINTER_TAG (obj_p->u1.property_list_cp) != 0;
+    return ECMA_GET_FIRST_BIT_FROM_POINTER_TAG (obj_p->u2.prototype_cp) != 0;
   }
 #endif /* ENABLED (JERRY_BUILTIN_PROXY) */
 
@@ -215,7 +215,7 @@ ecma_object_check_constructor (ecma_object_t *obj_p) /**< ecma object */
 #if ENABLED (JERRY_BUILTIN_PROXY)
   if (ECMA_OBJECT_TYPE_IS_PROXY (type))
   {
-    if (ECMA_GET_SECOND_BIT_FROM_POINTER_TAG (obj_p->u1.property_list_cp) == 0)
+    if (ECMA_GET_SECOND_BIT_FROM_POINTER_TAG (obj_p->u2.prototype_cp) == 0)
     {
       return ECMA_ERR_MSG ("Proxy target is not a constructor.");
     }
diff --git a/jerry-core/ecma/operations/ecma-proxy-object.c b/jerry-core/ecma/operations/ecma-proxy-object.c
index 31d585666..d18af45eb 100644
--- a/jerry-core/ecma/operations/ecma-proxy-object.c
+++ b/jerry-core/ecma/operations/ecma-proxy-object.c
@@ -60,9 +60,8 @@ ecma_proxy_create (ecma_value_t target, /**< proxy target */
 
   /* ES2015: 5 - 6. */
   /* ES11+: 3 - 4. */
-  ecma_object_t *obj_p = ecma_create_object (ecma_builtin_get (ECMA_BUILTIN_ID_OBJECT_PROTOTYPE),
-                                             sizeof (ecma_proxy_object_t),
-                                             ECMA_OBJECT_TYPE_PROXY);
+  /* A Proxy does not have [[Prototype]] value as per standard */
+  ecma_object_t *obj_p = ecma_create_object (NULL, sizeof (ecma_proxy_object_t), ECMA_OBJECT_TYPE_PROXY);
 
   ecma_proxy_object_t *proxy_obj_p = (ecma_proxy_object_t *) obj_p;
 
@@ -70,13 +69,13 @@ ecma_proxy_create (ecma_value_t target, /**< proxy target */
   /* ES11+: 5. */
   if (ecma_op_is_callable (target))
   {
-    ECMA_SET_FIRST_BIT_TO_POINTER_TAG (obj_p->u1.property_list_cp);
+    ECMA_SET_FIRST_BIT_TO_POINTER_TAG (obj_p->u2.prototype_cp);
 
     /* ES2015: 7.b. */
     /* ES11+: 5.b. */
     if (ecma_is_constructor (target))
     {
-      ECMA_SET_SECOND_BIT_TO_POINTER_TAG (obj_p->u1.property_list_cp);
+      ECMA_SET_SECOND_BIT_TO_POINTER_TAG (obj_p->u2.prototype_cp);
     }
   }
 
diff --git a/tests/jerry/es.next/regression-test-issue-4396.js b/tests/jerry/es.next/regression-test-issue-4396.js
new file mode 100644
index 000000000..a1c00e6d1
--- /dev/null
+++ b/tests/jerry/es.next/regression-test-issue-4396.js
@@ -0,0 +1,22 @@
+// Copyright JS Foundation and other contributors, http://js.foundation
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//     http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+function demo() {
+}
+
+var proxy = new Proxy(demo, {});
+var weakset = new WeakSet();
+
+/* Internal: WeakSet adds an extra internal property to the proxy object. */
+weakset.add(proxy);
diff --git a/tests/unit-core/test-proxy.c b/tests/unit-core/test-proxy.c
index 6346387a7..029c14ad9 100644
--- a/tests/unit-core/test-proxy.c
+++ b/tests/unit-core/test-proxy.c
@@ -148,6 +148,79 @@ set_function (jerry_value_t target, /**< target object */
   jerry_release_value (function_val);
 } /* set_function */
 
+struct test_data
+{
+  int value;
+};
+
+static void
+proxy_native_freecb (void *user_p)
+{
+  TEST_ASSERT (user_p != NULL);
+  struct test_data *native_p = (struct test_data *) user_p;
+  native_p->value = -1;
+} /* proxy_native_freecb */
+
+static const jerry_object_native_info_t proxy_native_info =
+{
+  .free_cb = proxy_native_freecb,
+};
+
+static jerry_value_t
+proxy_native_handler_get (const jerry_value_t function_obj, /**< function object */
+                          const jerry_value_t this_val, /**< this arg */
+                          const jerry_value_t args_p[], /**< function arguments */
+                          const jerry_length_t args_count) /**< number of function arguments */
+{
+  JERRY_UNUSED (function_obj);
+  JERRY_UNUSED (this_val);
+  TEST_ASSERT (args_count == 3);
+
+  /* 3rd argument (Receiver) should be the Proxy here. */
+  jerry_value_t receiver = args_p[2];
+  TEST_ASSERT (jerry_value_is_proxy (receiver));
+
+  /* Check if proxy has the native ptr. */
+  struct test_data *native_p;
+  bool has_p = jerry_get_object_native_pointer (receiver, (void *) &native_p, &proxy_native_info);
+  TEST_ASSERT (has_p == true);
+
+  native_p->value <<= 1;
+  return jerry_create_number (native_p->value);
+} /* proxy_native_handler_get */
+
+/**
+ * Test Proxy with added native object.
+ */
+static void
+test_proxy_native (void)
+{
+  jerry_value_t handler = jerry_create_object ();
+  set_function (handler, "get", proxy_native_handler_get);
+
+  jerry_value_t target = jerry_create_object ();
+  jerry_value_t proxy = jerry_create_proxy (target, handler);
+
+  struct test_data *data = (struct test_data *) malloc (sizeof (struct test_data));
+  data->value = 2;
+  jerry_set_object_native_pointer (proxy, data, &proxy_native_info);
+
+  /* Call: proxy[10] */
+  jerry_value_t result_for_10 = jerry_get_property_by_index (proxy, 10);
+  TEST_ASSERT (jerry_value_is_number (result_for_10));
+  TEST_ASSERT (jerry_get_number_value (result_for_10) == 4.0);
+
+  /* Call: proxy[5] */
+  data->value = 8;
+  jerry_value_t result_for_5 = jerry_get_property_by_index (proxy, 5);
+  TEST_ASSERT (jerry_value_is_number (result_for_5));
+  TEST_ASSERT (jerry_get_number_value (result_for_5) == 16.0);
+
+  jerry_release_value (handler);
+  jerry_release_value (target);
+  jerry_release_value (proxy);
+} /* test_proxy_native */
+
 int
 main (void)
 {
@@ -292,6 +365,8 @@ main (void)
   jerry_release_value (proxy);
   jerry_release_value (target);
 
+  test_proxy_native ();
+
   jerry_cleanup ();
   return 0;
 } /* main */