It did not go exactly as the above, but adding the whole log here in case it helps, as I am not 100% sure if I did it correctly; will go over it again later in today.
~/src/tools/emacs/src $ gdb /usr/local/bin/emacs-28.0.50
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Reading symbols from /usr/local/bin/emacs-28.0.50...
warning: File "/home/wilhelm/src/tools/emacs/src/.gdbinit" auto-loading has been declined by your `auto-load safe-path' set to "$debugdir:$datadir/auto-load".
To enable execution of this file add
add-auto-load-safe-path /home/wilhelm/src/tools/emacs/src/.gdbinit
line to your configuration file "/home/wilhelm/.gdbinit".
To completely disable this security protection add
set auto-load safe-path /
line to your configuration file "/home/wilhelm/.gdbinit".
For more information about this security protection see the
"Auto-loading safe path" section in the GDB manual. E.g., run from the shell:
info "(gdb)Auto-loading safe path"
(gdb) source ./.gdbinit
SIGINT is used by the debugger.
Are you sure you want to change it? (y or n) [answered Y; input not from terminal]
DISPLAY = :0.0
TERM = xterm-256color
Breakpoint 1 at 0x4766c: file emacs.c, line 399.
Breakpoint 2 at 0x105420: file xterm.c, line 10258.
(gdb) break pdumper.c:5315
Breakpoint 3 at 0x19959d: file pdumper.c, line 5315.
(gdb) r -Q
Starting program: /usr/local/bin/emacs-28.0.50 -Q
[Thread debugging using libthread_db enabled]
Using host libthread_db library "/usr/lib/libthread_db.so.1".
Breakpoint 3, dump_do_dump_relocation (dump_base=<optimized out>, reloc=...) at pdumper.c:5315
5315 if (installation_state == UNKNOWN)
(gdb) p cu_file1
$1 = XIL(0x7ffff08e4bac)
(gdb) xstring
$2 = (struct Lisp_String *) 0x7ffff08e4ba8
"../lib/emacs/28.0.50/native-lisp/28.0.50-864bf4e5/preloaded/window-0d1b8b93-dcb2375f.eln"
(gdb) p cu_file2
$3 = XIL(0x7ffff08e4b8c)
(gdb) xstring
$4 = (struct Lisp_String *) 0x7ffff08e4b88
"../native-lisp/28.0.50-864bf4e5/preloaded/window-0d1b8b93-dcb2375f.eln"
(gdb) n
5317 eln_fname = make_uninit_string (execdir_len + fn1_len);
(gdb) n
5318 fndata = SSDATA (eln_fname);
(gdb) n
5319 memcpy (fndata, emacs_execdir, execdir_len);
(gdb) n
1561 return XSTRING (string)->u.s.data;
(gdb) n
5321 if (file_access_p (fndata, F_OK))
(gdb) p fndata
$5 = <optimized out>
(gdb) next
5325 eln_fname = make_uninit_string (execdir_len + fn2_len);
(gdb) p errno
'errno' has unknown type; cast it to its declared type
(gdb) n
5326 fndata = SSDATA (eln_fname);
(gdb) n
5327 memcpy (fndata, emacs_execdir, execdir_len);
(gdb) n
1561 return XSTRING (string)->u.s.data;
(gdb) n
5329 installation_state = LOCAL_BUILD;
(gdb) p fndata
$6 = <optimized out>
(gdb) n
5331 fixup_eln_load_path (eln_fname);
(gdb) n
5352 comp_u->file = eln_fname;
(gdb) p eln_fname
$7 = XIL(0x555555c2bcb4)
(gdb) xstring
$8 = (struct Lisp_String *) 0x555555c2bcb0
"/usr/local/libexec/emacs/28.0.50/x86_64-pc-linux-gnu/../../../../bin/../native-lisp/28.0.50-864bf4e5/preloaded/window-0d1b8b93-dcb2375f.eln"
(gdb) n
1561 return XSTRING (string)->u.s.data;
(gdb) n
5354 if (!comp_u->handle)
(gdb) n
5356 fprintf (stderr, "Error using execdir %s:\n",
(gdb) n
Error using execdir /usr/local/libexec/emacs/28.0.50/x86_64-pc-linux-gnu/../../../../bin/:
5358 error ("%s", dynlib_error ());
(gdb) p errno
'errno' has unknown type; cast it to its declared type
(gdb) n
emacs: /usr/local/libexec/emacs/28.0.50/x86_64-pc-linux-gnu/../../../../bin/../native-lisp/28.0.50-864bf4e5/preloaded/window-0d1b8b93-dcb2375f.eln: cannot open shared object file: No such file or directory
[Inferior 1 (process 4129) exited with code 01]
(gdb) q