diff --git a/pkg/sql/conn_executor_exec.go b/pkg/sql/conn_executor_exec.go
index 02ad908e957b..38ba52f84949 100644
--- a/pkg/sql/conn_executor_exec.go
+++ b/pkg/sql/conn_executor_exec.go
@@ -508,7 +508,7 @@ func (ex *connExecutor) execStmtInOpenState(
 
 	ctx = ih.Setup(
 		ctx, ex.server.cfg, ex.statsCollector, p, ex.stmtDiagnosticsRecorder,
-		stmt.StmtNoConstants, os.ImplicitTxn.Get(),
+		&stmt, os.ImplicitTxn.Get(),
 		// This goroutine is the only one that can modify
 		// txnState.mu.priority, so we don't need to get a mutex here.
 		ex.state.mu.priority,
@@ -1462,7 +1462,7 @@ func (ex *connExecutor) execStmtInOpenStateWithPausablePortal(
 	if !portal.isPausable() || portal.pauseInfo.execStmtInOpenState.ihWrapper == nil {
 		ctx = ih.Setup(
 			ctx, ex.server.cfg, ex.statsCollector, p, ex.stmtDiagnosticsRecorder,
-			vars.stmt.StmtNoConstants, os.ImplicitTxn.Get(),
+			&vars.stmt, os.ImplicitTxn.Get(),
 			// This goroutine is the only one that can modify
 			// txnState.mu.priority, so we don't need to get a mutex here.
 			ex.state.mu.priority,
diff --git a/pkg/sql/instrumentation.go b/pkg/sql/instrumentation.go
index e194f6a42ceb..336cfb5fff76 100644
--- a/pkg/sql/instrumentation.go
+++ b/pkg/sql/instrumentation.go
@@ -418,12 +418,12 @@ func (ih *instrumentationHelper) Setup(
 	statsCollector *sslocal.StatsCollector,
 	p *planner,
 	stmtDiagnosticsRecorder *stmtdiagnostics.Registry,
-	fingerprint string,
+	stmt *Statement,
 	implicitTxn bool,
 	txnPriority roachpb.UserPriority,
 	collectTxnExecStats bool,
 ) (newCtx context.Context) {
-	ih.fingerprint = fingerprint
+	ih.fingerprint = stmt.StmtNoConstants
 	ih.implicitTxn = implicitTxn
 	ih.txnPriority = txnPriority
 	ih.codec = cfg.Codec
@@ -447,7 +447,7 @@ func (ih *instrumentationHelper) Setup(
 
 	default:
 		ih.collectBundle, ih.diagRequestID, ih.diagRequest =
-			stmtDiagnosticsRecorder.ShouldCollectDiagnostics(ctx, fingerprint, "" /* planGist */)
+			stmtDiagnosticsRecorder.ShouldCollectDiagnostics(ctx, stmt.StmtNoConstants, "" /* planGist */)
 		// IsRedacted will be false when ih.collectBundle is false.
 		ih.explainFlags.RedactValues = ih.explainFlags.RedactValues || ih.diagRequest.IsRedacted()
 	}
@@ -456,7 +456,7 @@ func (ih *instrumentationHelper) Setup(
 	ih.withStatementTrace = cfg.TestingKnobs.WithStatementTrace
 
 	var previouslySampled bool
-	previouslySampled, ih.savePlanForStats = statsCollector.ShouldSample(fingerprint, implicitTxn, p.SessionData().Database)
+	previouslySampled, ih.savePlanForStats = statsCollector.ShouldSample(stmt.StmtNoConstants, implicitTxn, p.SessionData().Database)
 
 	defer func() { ih.finalizeSetup(newCtx, cfg) }()
 
@@ -481,6 +481,12 @@ func (ih *instrumentationHelper) Setup(
 	}
 
 	shouldSampleFirstEncounter := func() bool {
+		if stmt.AST.StatementType() == tree.TypeTCL {
+			// We don't collect stats for TCL statements so
+			// there's no need to trace them.
+			return false
+		}
+
 		// If this is the first time we see this statement in the current stats
 		// container, we'll collect its execution stats anyway (unless the user
 		// disabled txn or stmt stats collection entirely).
diff --git a/pkg/sql/instrumentation_test.go b/pkg/sql/instrumentation_test.go
index 7fd656fac022..d5997278e631 100644
--- a/pkg/sql/instrumentation_test.go
+++ b/pkg/sql/instrumentation_test.go
@@ -241,7 +241,8 @@ func TestSampledStatsCollectionOnNewFingerprint(t *testing.T) {
 			"SELECT 1, 2, 3",
 			"CREATE TABLE IF NOT EXISTS foo (x INT)",
 			"SELECT * FROM foo",
-			// An explicit txn results in the queries inside being recorded as 'new' statements.
+			// Since the sampling key does not include the txn fingerprint, no
+			// statements in this txn should be sampled.
 			"BEGIN; SELECT 1; COMMIT;",
 		}
 
@@ -251,10 +252,11 @@ func TestSampledStatsCollectionOnNewFingerprint(t *testing.T) {
 
 		require.Equal(t, len(queries), len(collectedTxnStats))
 
-		// We should have collected stats for each of the queries.
-		for i := range collectedTxnStats {
+		// We should have collected stats for each of the queries except the last.
+		for i := range collectedTxnStats[:len(queries)-1] {
 			require.True(t, collectedTxnStats[i].CollectedExecStats)
 		}
+		require.False(t, collectedTxnStats[len(queries)-1].CollectedExecStats)
 	})
 
 	collectedTxnStats = nil