The highlight, underline, squiggly and strike out buttons, and the color chip of a selected annotation, open a color drop-down. It shows the preset colors (Annotations.PresetColors) as swatches, plus a button for the full color dialog. That dialog now has an Opacity slider, so an annotation’s color includes its opacity. Clicking a markup color with text selected marks up the selection in that color. The Change Tab Color dialog uses the same picker, which has a Remove button and adds a new empty swatch each time you define a color.
In Edit PDF mode, clicking any annotation, including highlights, selects it and shows its toolbar. Outside Edit PDF, the comment card shows the author, the date and the text in a cleaner, theme-aware style. The Apply Redactions toolbar button appears only after you’ve made redaction marks in this session.