diff --git a/src/backend/executor/nodeValuesscan.c b/src/backend/executor/nodeValuesscan.c
index 9c03f8ae16..131bce7af2 100644
--- a/src/backend/executor/nodeValuesscan.c
+++ b/src/backend/executor/nodeValuesscan.c
@@ -92,6 +92,7 @@ ValuesNext(ValuesScanState *node)
 	if (exprlist)
 	{
 		MemoryContext oldContext;
+		List	   *oldsubplans;
 		List	   *exprstatelist;
 		Datum	   *values;
 		bool	   *isnull;
@@ -115,12 +116,22 @@ ValuesNext(ValuesScanState *node)
 		oldContext = MemoryContextSwitchTo(econtext->ecxt_per_tuple_memory);
 
 		/*
-		 * Pass NULL, not my plan node, because we don't want anything in this
-		 * transient state linking into permanent state.  The only possibility
-		 * is a SubPlan, and there shouldn't be any (any subselects in the
-		 * VALUES list should be InitPlans).
+		 * The expressions might contain SubPlans (this is currently only
+		 * possible if there's a sub-select containing a LATERAL reference,
+		 * otherwise sub-selects in a VALUES list should be InitPlans). Those
+		 * subplans will want to hook themselves into our subPlan list, which
+		 * would result in a corrupted list after we delete the eval state. We
+		 * can work around this by saving and restoring the subPlan list.
+		 * (There's no need for the functionality that would be enabled by
+		 * having the list entries, since the SubPlans aren't going to be
+		 * re-executed anyway.)
 		 */
-		exprstatelist = (List *) ExecInitExpr((Expr *) exprlist, NULL);
+		oldsubplans = node->ss.ps.subPlan;
+		node->ss.ps.subPlan = NIL;
+
+		exprstatelist = (List *) ExecInitExpr((Expr *) exprlist, &node->ss.ps);
+
+		node->ss.ps.subPlan = oldsubplans;
 
 		/* parser should have checked all sublists are the same length */
 		Assert(list_length(exprstatelist) == slot->tts_tupleDescriptor->natts);
diff --git a/src/test/regress/expected/subselect.out b/src/test/regress/expected/subselect.out
index 21fbbb8e22..bf076f3df3 100644
--- a/src/test/regress/expected/subselect.out
+++ b/src/test/regress/expected/subselect.out
@@ -795,6 +795,36 @@ select exists(select * from nocolumns);
  f
 (1 row)
 
+--
+-- Check behavior with a SubPlan in VALUES (bug #14924)
+--
+select val.x
+  from generate_series(1,10) as s(i),
+  lateral (
+    values ((select s.i + 1)), (s.i + 101)
+  ) as val(x)
+where s.i < 10 and (select val.x) < 110;
+  x  
+-----
+   2
+ 102
+   3
+ 103
+   4
+ 104
+   5
+ 105
+   6
+ 106
+   7
+ 107
+   8
+ 108
+   9
+ 109
+  10
+(17 rows)
+
 --
 -- Check sane behavior with nested IN SubLinks
 --
diff --git a/src/test/regress/sql/subselect.sql b/src/test/regress/sql/subselect.sql
index 6e81ffe13f..74c4ef745d 100644
--- a/src/test/regress/sql/subselect.sql
+++ b/src/test/regress/sql/subselect.sql
@@ -444,6 +444,16 @@ explain (verbose, costs off)
 create temp table nocolumns();
 select exists(select * from nocolumns);
 
+--
+-- Check behavior with a SubPlan in VALUES (bug #14924)
+--
+select val.x
+  from generate_series(1,10) as s(i),
+  lateral (
+    values ((select s.i + 1)), (s.i + 101)
+  ) as val(x)
+where s.i < 10 and (select val.x) < 110;
+
 --
 -- Check sane behavior with nested IN SubLinks
 --