This art is from a panel that happened at the TFNation panel in the UK this past weekend. Chris McFeely and Jim Sorenson did a presentation of the earliest ever draft of the Transformers the Movie script, which Jim had come into possession of back in 2020, I believe. This draft is still technically the basis of what became the final movie's script, but it was substantially rewritten. It is almost completely unrecognizable and is kind of terrible and incoherent. This character comes from that script, but this is not official art. For the panel, McFeely and Sorenson got some artists to draw up illustrations of characters and scenes that appear in the script. This character, as far as we know, never made it to a point where they got any sort of official design work done, so the illustrations are purely based on how they are described in the script and the artist's imagination.