It's running the Perm Press cycle. This is a spin-drain model. Drain is at high speed, perm press spin is at low. My guess is high-speed drain stops when the pressure switch resets (like it does for the PP cool down partial drain) to prevent the drain periods from attaining full high speed for purpose of avoiding compression wrinkles. I'm wondering if it'd exhibit the same behavior on Knit/Delicate.
Granny's 1984 WP spin-drain direct-drive machine didn't do that drain pause on either PP or Delicate (except for the cool down on PP), so maybe the behavior is a KM "exclusive."