If you want to retain character formatting, you can do so using a character style. Such a style can be applied to a text range smaller than a paragraph.
By the way, I noticed that you had posted a similar question in the Microsoft Community. Cross-posting should be used carefully. It is a good idea to let posters know that you have posted elsewhere too.
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Stefan Blom
Microsoft Word MVP
Microsoft 365 apps for business
Windows 11 Professional
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