I stand corrected. I just looked it up, and there is Vinyl right in the name.
Although it still seems like it’s “laser-safe”.
Universal laser says we can laser cut and engrave it:
https://www.ulsinc.com/materials/eva-foam
There is also this link that discusses it:
Epilog has a tutorial with foam stickies (EVA foam) right on their website at:
https://www.epiloglaser.com/resources/sample-club/halloween-invitations.htm
There’s also a lot of youTube videos about it.
It’s scary, but I still think it’s ok.