diff --git a/packages/react-native-gesture-handler/src/__tests__/RuntimeBindings.test.ts b/packages/react-native-gesture-handler/src/__tests__/RuntimeBindings.test.ts
index 0b8e98d593..73adc6e989 100644
--- a/packages/react-native-gesture-handler/src/__tests__/RuntimeBindings.test.ts
+++ b/packages/react-native-gesture-handler/src/__tests__/RuntimeBindings.test.ts
@@ -63,18 +63,6 @@ test('passes the Worklets runtime holder to native during installation', () => {
   expect(globalThis.__RNGH_UI_WORKLET_RUNTIME_HOLDER).toBeUndefined();
 });
 
-test('installs legacy bindings when Reanimated is available without Worklets', () => {
-  const installUIRuntimeBindings = jest.fn(() => true);
-
-  loadReanimatedWrapper(
-    { reanimated: { useSharedValue: true } },
-    installUIRuntimeBindings
-  );
-
-  expect(installUIRuntimeBindings).toHaveBeenCalledTimes(1);
-  expect(globalThis.__RNGH_UI_WORKLET_RUNTIME_HOLDER).toBeUndefined();
-});
-
 test('does not install bindings when no runtime provider is available', () => {
   const installUIRuntimeBindings = jest.fn(() => true);
 
diff --git a/packages/react-native-gesture-handler/src/handlers/gestures/installUIRuntimeBindings.ts b/packages/react-native-gesture-handler/src/handlers/gestures/installUIRuntimeBindings.ts
new file mode 100644
index 0000000000..16ebc5c910
--- /dev/null
+++ b/packages/react-native-gesture-handler/src/handlers/gestures/installUIRuntimeBindings.ts
@@ -0,0 +1,25 @@
+import { ghQueueMicrotask } from '../../ghQueueMicrotask';
+import { tagMessage } from '../../utils';
+import { NativeProxy } from '../../v3/NativeProxy';
+
+export function installUIRuntimeBindings(
+  getUIRuntimeHolder: (() => object) | undefined
+) {
+  ghQueueMicrotask(() => {
+    globalThis.__RNGH_UI_WORKLET_RUNTIME_HOLDER = getUIRuntimeHolder?.();
+
+    try {
+      const decorated = NativeProxy.installUIRuntimeBindings();
+
+      if (!decorated) {
+        console.warn(
+          tagMessage(
+            'Failed to install UI runtime bindings. Please report this at https://github.com/software-mansion/react-native-gesture-handler/issues.'
+          )
+        );
+      }
+    } finally {
+      globalThis.__RNGH_UI_WORKLET_RUNTIME_HOLDER = undefined;
+    }
+  });
+}
diff --git a/packages/react-native-gesture-handler/src/handlers/gestures/installUIRuntimeBindings.web.ts b/packages/react-native-gesture-handler/src/handlers/gestures/installUIRuntimeBindings.web.ts
new file mode 100644
index 0000000000..a9cafb3eed
--- /dev/null
+++ b/packages/react-native-gesture-handler/src/handlers/gestures/installUIRuntimeBindings.web.ts
@@ -0,0 +1,5 @@
+export function installUIRuntimeBindings(
+  _getUIRuntimeHolder: (() => object) | undefined
+) {
+  // noop
+}
diff --git a/packages/react-native-gesture-handler/src/handlers/gestures/reanimatedWrapper.ts b/packages/react-native-gesture-handler/src/handlers/gestures/reanimatedWrapper.ts
index 8193c18917..722b56c6cb 100644
--- a/packages/react-native-gesture-handler/src/handlers/gestures/reanimatedWrapper.ts
+++ b/packages/react-native-gesture-handler/src/handlers/gestures/reanimatedWrapper.ts
@@ -1,13 +1,12 @@
 import type { ComponentClass, ComponentType } from 'react';
 
-import { ghQueueMicrotask } from '../../ghQueueMicrotask';
 import { tagMessage } from '../../utils';
-import { NativeProxy } from '../../v3/NativeProxy';
 import type {
   GestureCallbacks,
   GestureUpdateEventWithHandlerData,
   SharedValue,
 } from '../../v3/types';
+import { installUIRuntimeBindings } from './installUIRuntimeBindings';
 
 export type ReanimatedContext<THandlerData> = {
   lastUpdateEvent: GestureUpdateEventWithHandlerData<THandlerData> | undefined;
@@ -32,8 +31,17 @@ export type ReanimatedHandler<THandlerData> = {
   context: ReanimatedContext<THandlerData>;
 };
 
-type WorkletsModule = {
+export type SimplifiedShareableHost<TValue = unknown> = {
+  value: TValue;
+};
+
+type WorkletsPackage = {
   getUIRuntimeHolder?: () => object;
+  createShareable?: <TValue>(
+    hostRuntimeId: number,
+    initial: TValue
+  ) => SimplifiedShareableHost<TValue>;
+  UIRuntimeId?: number;
 };
 
 export type NativeEventsManager = new (component: {
@@ -49,59 +57,56 @@ export type NativeEventsManager = new (component: {
   updateEvents: (prevProps: Record<string, unknown>) => void;
 };
 
-let Reanimated:
-  | {
-      default: {
-        // Slightly modified definition copied from 'react-native-reanimated'
-        createAnimatedComponent<P extends object>(
-          component: ComponentType<P>,
-          options?: unknown
-        ): ComponentClass<P>;
-      };
-      NativeEventsManager: NativeEventsManager;
-      useHandler: <THandlerData, TExtendedHandlerData extends THandlerData>(
-        handlers: GestureCallbacks<THandlerData, TExtendedHandlerData>
-      ) => ReanimatedHandler<TExtendedHandlerData>;
-      useEvent: <T>(
-        callback: (event: T) => void,
-        events: string[],
-        rebuild: boolean
-      ) => (event: unknown) => void;
-      useSharedValue: <T>(value: T) => SharedValue<T>;
-      setGestureState: (handlerTag: number, newState: number) => void;
-      isSharedValue: <T = unknown>(value: unknown) => value is SharedValue<T>;
-      isWorkletFunction<
-        Args extends unknown[] = unknown[],
-        ReturnValue = unknown,
-      >(
-        value: unknown
-      ): value is WorkletFunction<Args, ReturnValue>;
-      useComposedEventHandler<T>(
-        handlers: (((event: T) => void) | null)[]
-      ): (event: T) => void;
-      // TODO: runOnJS and runOnUI are deprecated. These should be removed in near future.
-      runOnJS: <A extends unknown[], R>(
-        fn: (...args: A) => R
-      ) => (...args: Parameters<typeof fn>) => void;
-      runOnUI<A extends any[], R>(
-        fn: (...args: A) => R
-      ): (...args: Parameters<typeof fn>) => void;
-      makeMutable<T>(value: T): { value: T };
-    }
-  | undefined;
-
-let uiRuntimeHolder: object | undefined;
+type ReanimatedPackage = {
+  default: {
+    // Slightly modified definition copied from 'react-native-reanimated'
+    createAnimatedComponent<P extends object>(
+      component: ComponentType<P>,
+      options?: unknown
+    ): ComponentClass<P>;
+  };
+  NativeEventsManager: NativeEventsManager;
+  useHandler: <THandlerData, TExtendedHandlerData extends THandlerData>(
+    handlers: GestureCallbacks<THandlerData, TExtendedHandlerData>
+  ) => ReanimatedHandler<TExtendedHandlerData>;
+  useEvent: <T>(
+    callback: (event: T) => void,
+    events: string[],
+    rebuild: boolean
+  ) => (event: unknown) => void;
+  useSharedValue: <T>(value: T) => SharedValue<T>;
+  setGestureState: (handlerTag: number, newState: number) => void;
+  isSharedValue: <T = unknown>(value: unknown) => value is SharedValue<T>;
+  isWorkletFunction<Args extends unknown[] = unknown[], ReturnValue = unknown>(
+    value: unknown
+  ): value is WorkletFunction<Args, ReturnValue>;
+  useComposedEventHandler<T>(
+    handlers: (((event: T) => void) | null)[]
+  ): (event: T) => void;
+  // TODO: runOnJS and runOnUI are deprecated. These should be removed in near future.
+  runOnJS: <A extends unknown[], R>(
+    fn: (...args: A) => R
+  ) => (...args: Parameters<typeof fn>) => void;
+  runOnUI<A extends any[], R>(
+    fn: (...args: A) => R
+  ): (...args: Parameters<typeof fn>) => void;
+  makeMutable<T>(value: T): { value: T };
+};
+
+let Reanimated: ReanimatedPackage | undefined;
+let Worklets: WorkletsPackage | undefined;
 
 try {
   // eslint-disable-next-line @typescript-eslint/no-var-requires
-  const Worklets = require('react-native-worklets') as WorkletsModule;
-  uiRuntimeHolder = Worklets?.getUIRuntimeHolder?.();
+  Worklets = require('react-native-worklets') as WorkletsPackage;
 } catch (e) {
   // When 'react-native-worklets' is not available we want to quietly continue
+  Worklets = undefined;
 }
 
 try {
-  Reanimated = require('react-native-reanimated');
+  // eslint-disable-next-line @typescript-eslint/no-var-requires
+  Reanimated = require('react-native-reanimated') as ReanimatedPackage;
 } catch (e) {
   // When 'react-native-reanimated' is not available we want to quietly continue
   // @ts-ignore TS demands the variable to be initialized
@@ -114,25 +119,8 @@ if (!Reanimated?.useSharedValue) {
   Reanimated = undefined;
 }
 
-if (uiRuntimeHolder !== undefined || Reanimated !== undefined) {
-  ghQueueMicrotask(() => {
-    globalThis.__RNGH_UI_WORKLET_RUNTIME_HOLDER = uiRuntimeHolder;
-
-    try {
-      const decorated = NativeProxy.installUIRuntimeBindings();
-
-      if (!decorated) {
-        console.warn(
-          tagMessage(
-            'Failed to install UI runtime bindings. Please report this at https://github.com/software-mansion/react-native-gesture-handler/issues.'
-          )
-        );
-      }
-    } finally {
-      globalThis.__RNGH_UI_WORKLET_RUNTIME_HOLDER = undefined;
-      uiRuntimeHolder = undefined;
-    }
-  });
+if (Worklets !== undefined) {
+  installUIRuntimeBindings(Worklets.getUIRuntimeHolder);
 }
 
 if (Reanimated !== undefined && !Reanimated.setGestureState) {
@@ -147,4 +135,4 @@ if (Reanimated !== undefined && !Reanimated.setGestureState) {
   };
 }
 
-export { Reanimated };
+export { Reanimated, Worklets };
diff --git a/packages/react-native-gesture-handler/src/v3/hooks/callbacks/lastUpdateEventMap.ts b/packages/react-native-gesture-handler/src/v3/hooks/callbacks/lastUpdateEventMap.ts
new file mode 100644
index 0000000000..4bd67c0c4a
--- /dev/null
+++ b/packages/react-native-gesture-handler/src/v3/hooks/callbacks/lastUpdateEventMap.ts
@@ -0,0 +1,21 @@
+import {
+  Reanimated,
+  Worklets,
+} from '../../../handlers/gestures/reanimatedWrapper';
+
+export type LastUpdateEventMap = Map<number, { lastUpdateEvent: unknown }>;
+
+export function createLastUpdateEventMap() {
+  if (
+    Worklets?.createShareable === undefined ||
+    Worklets.UIRuntimeId === undefined ||
+    Reanimated === undefined
+  ) {
+    return undefined;
+  }
+
+  return Worklets.createShareable<LastUpdateEventMap>(
+    Worklets.UIRuntimeId,
+    new Map()
+  );
+}
diff --git a/packages/react-native-gesture-handler/src/v3/hooks/callbacks/lastUpdateEventMap.web.ts b/packages/react-native-gesture-handler/src/v3/hooks/callbacks/lastUpdateEventMap.web.ts
new file mode 100644
index 0000000000..90693f32f7
--- /dev/null
+++ b/packages/react-native-gesture-handler/src/v3/hooks/callbacks/lastUpdateEventMap.web.ts
@@ -0,0 +1,7 @@
+import type { SimplifiedShareableHost } from '../../../handlers/gestures/reanimatedWrapper';
+
+export type LastUpdateEventMap = Map<number, { lastUpdateEvent: unknown }>;
+
+export function createLastUpdateEventMap(): SimplifiedShareableHost<LastUpdateEventMap> {
+  return { value: new Map() };
+}
diff --git a/packages/react-native-gesture-handler/src/v3/hooks/callbacks/useReanimatedEventHandler.ts b/packages/react-native-gesture-handler/src/v3/hooks/callbacks/useReanimatedEventHandler.ts
index d7c72eab3b..4218a1c83a 100644
--- a/packages/react-native-gesture-handler/src/v3/hooks/callbacks/useReanimatedEventHandler.ts
+++ b/packages/react-native-gesture-handler/src/v3/hooks/callbacks/useReanimatedEventHandler.ts
@@ -12,6 +12,7 @@ import type {
   UnpackedGestureHandlerEventWithHandlerData,
 } from '../../types';
 import { eventHandler } from './eventHandler';
+import { createLastUpdateEventMap } from './lastUpdateEventMap';
 
 const REANIMATED_EVENT_NAMES = [
   'onGestureHandlerReanimatedEvent',
@@ -24,12 +25,8 @@ const workletNOOP = () => {
   // no-op
 };
 
-function createLastUpdateEventMap() {
-  return Reanimated?.makeMutable(new Map<number, ReanimatedContext<unknown>>());
-}
-
 // Created lazily instead of at module scope so importing this module doesn't
-// call into Reanimated during module evaluation.
+// call into Worklets during module evaluation.
 let lastUpdateEventMap: ReturnType<typeof createLastUpdateEventMap>;
 
 function getLastUpdateEventMap() {
@@ -37,6 +34,8 @@ function getLastUpdateEventMap() {
   return lastUpdateEventMap;
 }
 
+type ShareableLastUpdateEventMap = ReturnType<typeof createLastUpdateEventMap>;
+
 // Takes the map as an argument on purpose: reading the lazy `let` from this
 // module-scope worklet would snapshot its value at module evaluation — before
 // the first `getLastUpdateEventMap()` call — so the UI-runtime copy would stay
@@ -44,7 +43,7 @@ function getLastUpdateEventMap() {
 // arguments are serialized fresh on every call, so they always carry the
 // initialized map.
 function deleteHandlerEventEntry(
-  map: ReturnType<typeof createLastUpdateEventMap>,
+  map: ShareableLastUpdateEventMap,
   handlerTag: number
 ) {
   'worklet';
@@ -91,7 +90,7 @@ export function useReanimatedEventHandler<
     >
   ) => {
     'worklet';
-    // Undefined only when Reanimated is absent — and then this callback is
+    // Undefined only when Worklets is absent — and then this callback is
     // never registered (`Reanimated?.useEvent` below short-circuits).
     if (updateEventMap === undefined) {
       return;