diff --git a/pkgs/typed-racket-pkgs/typed-racket-lib/typed-racket/private/parse-type.rkt b/pkgs/typed-racket-pkgs/typed-racket-lib/typed-racket/private/parse-type.rkt
index 87a1d273..2ff52d84 100644
--- a/pkgs/typed-racket-pkgs/typed-racket-lib/typed-racket/private/parse-type.rkt
+++ b/pkgs/typed-racket-pkgs/typed-racket-lib/typed-racket/private/parse-type.rkt
@@ -848,7 +848,7 @@
 
 (define (parse-tc-results stx)
   (syntax-parse stx
-    [(:values^ t ...)
+    [((~or :Values^ :values^) t ...)
      (ret (parse-types #'(t ...))
           (stx-map (lambda (x) -no-filter) #'(t ...))
           (stx-map (lambda (x) -no-obj) #'(t ...)))]
diff --git a/pkgs/typed-racket-pkgs/typed-racket-test/tests/typed-racket/unit-tests/typecheck-tests.rkt b/pkgs/typed-racket-pkgs/typed-racket-test/tests/typed-racket/unit-tests/typecheck-tests.rkt
index 3532dc94..4f702f9a 100644
--- a/pkgs/typed-racket-pkgs/typed-racket-test/tests/typed-racket/unit-tests/typecheck-tests.rkt
+++ b/pkgs/typed-racket-pkgs/typed-racket-test/tests/typed-racket/unit-tests/typecheck-tests.rkt
@@ -3175,6 +3175,14 @@
           (raise 'foo))
         #:ret (ret -String)
         #:msg #rx"expected: Symbol.*given: Any"]
+
+       ;; PR 14218
+       [tc-e (ann (values "foo" "bar") (Values String String))
+             #:ret (ret (list -String -String))]
+       [tc-e (let ()
+               (tr:define (foo) : (Values String String) (values "foo" "bar"))
+               (void))
+             -Void]
         )
 
   (test-suite