diff --git a/.github/workflows/ci_ts_latest.yml b/.github/workflows/ci_ts_latest.yml
index ce502d7bbf..8ce45c206c 100644
--- a/.github/workflows/ci_ts_latest.yml
+++ b/.github/workflows/ci_ts_latest.yml
@@ -23,6 +23,6 @@ jobs:
       run: |
         npm install -g npm@latest
         npm ci
-        npm install --no-save typescript@latest
+        npm install --no-save typescript@latest tslib@latest @types/node@latest
         npm run build_all
 
diff --git a/spec/operators/shareReplay-spec.ts b/spec/operators/shareReplay-spec.ts
index c81f697766..eaf6867b86 100644
--- a/spec/operators/shareReplay-spec.ts
+++ b/spec/operators/shareReplay-spec.ts
@@ -262,4 +262,26 @@ describe('shareReplay operator', () => {
     expectObservable(result).toBe(expected);
   });
 
+  const FinalizationRegistry = (global as any).FinalizationRegistry;
+  if (FinalizationRegistry) {
+
+    it('should not leak the subscriber for sync sources', (done) => {
+      const registry = new FinalizationRegistry((value: any) => {
+        expect(value).to.equal('callback');
+        done();
+      });
+      let callback: (() => void) | undefined = () => { /* noop */ };
+      registry.register(callback, 'callback');
+
+      const shared = of(42).pipe(shareReplay(1));
+      shared.subscribe(callback);
+
+      callback = undefined;
+      global.gc();
+    });
+
+  } else {
+    console.warn(`No support for FinalizationRegistry in Node ${process.version}`);
+  }
+
 });
diff --git a/spec/support/default.opts b/spec/support/default.opts
index 32264362e9..7257b818fd 100644
--- a/spec/support/default.opts
+++ b/spec/support/default.opts
@@ -6,6 +6,7 @@
 
 --reporter dot
 
+--expose-gc
 --check-leaks
 --globals WebSocket,FormData,XDomainRequest,ActiveXObject,fetch,AbortController
 
diff --git a/src/internal/operators/shareReplay.ts b/src/internal/operators/shareReplay.ts
index e8976b3c7d..6226d2fce8 100644
--- a/src/internal/operators/shareReplay.ts
+++ b/src/internal/operators/shareReplay.ts
@@ -56,8 +56,14 @@ export interface ShareReplayConfig {
  * @method shareReplay
  * @owner Observable
  */
-export function shareReplay<T>(config: ShareReplayConfig): MonoTypeOperatorFunction<T>;
-export function shareReplay<T>(bufferSize?: number, windowTime?: number, scheduler?: SchedulerLike): MonoTypeOperatorFunction<T>;
+export function shareReplay<T>(
+  config: ShareReplayConfig
+): MonoTypeOperatorFunction<T>;
+export function shareReplay<T>(
+  bufferSize?: number,
+  windowTime?: number,
+  scheduler?: SchedulerLike
+): MonoTypeOperatorFunction<T>;
 export function shareReplay<T>(
   configOrBufferSize?: ShareReplayConfig | number,
   windowTime?: number,
@@ -71,7 +77,7 @@ export function shareReplay<T>(
       bufferSize: configOrBufferSize as number | undefined,
       windowTime,
       refCount: false,
-      scheduler
+      scheduler,
     };
   }
   return (source: Observable<T>) => source.lift(shareReplayOperator(config));
@@ -81,7 +87,7 @@ function shareReplayOperator<T>({
   bufferSize = Number.POSITIVE_INFINITY,
   windowTime = Number.POSITIVE_INFINITY,
   refCount: useRefCount,
-  scheduler
+  scheduler,
 }: ShareReplayConfig) {
   let subject: ReplaySubject<T> | undefined;
   let refCount = 0;
@@ -89,7 +95,10 @@ function shareReplayOperator<T>({
   let hasError = false;
   let isComplete = false;
 
-  return function shareReplayOperation(this: Subscriber<T>, source: Observable<T>) {
+  return function shareReplayOperation(
+    this: Subscriber<T>,
+    source: Observable<T>
+  ) {
     refCount++;
     let innerSub: Subscription;
     if (!subject || hasError) {
@@ -97,7 +106,9 @@ function shareReplayOperator<T>({
       subject = new ReplaySubject<T>(bufferSize, windowTime, scheduler);
       innerSub = subject.subscribe(this);
       subscription = source.subscribe({
-        next(value) { subject.next(value); },
+        next(value) {
+          subject.next(value);
+        },
         error(err) {
           hasError = true;
           subject.error(err);
@@ -108,6 +119,14 @@ function shareReplayOperator<T>({
           subject.complete();
         },
       });
+
+      // Here we need to check to see if the source synchronously completed. Although
+      // we're setting `subscription = undefined` in the completion handler, if the source
+      // is synchronous, that will happen *before* subscription is set by the return of
+      // the `subscribe` call.
+      if (isComplete) {
+        subscription = undefined;
+      }
     } else {
       innerSub = subject.subscribe(this);
     }
@@ -115,6 +134,7 @@ function shareReplayOperator<T>({
     this.add(() => {
       refCount--;
       innerSub.unsubscribe();
+      innerSub = undefined;
       if (subscription && !isComplete && useRefCount && refCount === 0) {
         subscription.unsubscribe();
         subscription = undefined;