The only way to find out if this behavior is expected or not is to ask Chet Ramey (GNU bash supporter). Please send an email with your bug report - bash @ gnu.org
You can see that the current behavior seems correct, given that it explicitly handles the case of the subshell: http://git.savannah.gnu.org/cgit/bash.git/tree/execute_cmd.c#n621
/* We want to run the exit trap for forced {} subshells, and we want to note this before execute_in_subshell modifies the COMMAND struct. Need to keep in mind that execute_in_subshell runs the exit trap for () subshells itself. */ /* This handles { command; } & */ s = user_subshell == 0 && command->type == cm_group && pipe_in == NO_PIPE && pipe_out == NO_PIPE && asynchronous; /* run exit trap for : | { ...; } and { ...; } | : */ /* run exit trap for : | ( ...; ) and ( ...; ) | : */ s += user_subshell == 0 && command->type == cm_group && (pipe_in != NO_PIPE || pipe_out != NO_PIPE) && asynchronous == 0; last_command_exit_value = execute_in_subshell (command, asynchronous, pipe_in, pipe_out, fds_to_close); if (s) subshell_exit (last_command_exit_value); else sh_exit (last_command_exit_value);
As you can see, the explicit case of a subshell is treated as a special case (and this happens with a grouping of commands). This behavior has evolved historically, as Adrian found out, due to numerous bug reports.
This is the list of changes for this particular function (running the EXIT trap on subshells):
Commit: http://git.savannah.gnu.org/cgit/bash.git/commit/?id=a37d979e7b706ce9babf1306c6b370c327038eb9
+execute_cmd.c + - execute_command_internal: make sure to run the EXIT trap for group + commands anywhere in pipelines, not just at the end. From a point + raised by Andreas Schwab < schwab@linux-m68k.org >
Report: https://lists.gnu.org/archive/html/bug-bash/2013-04/msg00126.html (Re: trap EXIT in a subtitle that does not start while waiting)
Commit: http://git.savannah.gnu.org/cgit/bash.git/commit/?id=1a81420a36fafc5217e770e042fd39a1353a41f9
+execute_cmd.c + - execute_command_internal: make sure any subshell forked to run a + group command or user subshell at the end of a pipeline runs any + EXIT trap it sets. Fixes debian bash bug 698411 + http://bugs.debian.org/cgi-big/bugreport.cgi?bug=698411
Report: https://bugs.debian.org/cgi-bin/bugreport.cgi?bug=698411 (EXIT trap, pipeline and subshell)
Commit: http://git.savannah.gnu.org/cgit/bash.git/commit/?id=fd58d46e0d058aa983eea532bfd7d4c597adef54
+execute_cmd.c + - execute_command_internal: make sure to call subshell_exit for + {} group commands executed asynchronously (&). Part of fix for + EXIT trap bug reported by Maarten Billemont < lhunath@lyndir.com >
Report: http://lists.gnu.org/archive/html/bug-bash/2012-07/msg00084.html (EXIT traps in interactive shells)
There is also a recent bug report regarding an EXIT trap that does not execute in some expected contexts: http://lists.gnu.org/archive/html/bug-bash/2016-11/msg00054.html