Yes,
The effect of glycogen depletion would show in the Body water measurements / muscle mass measurements.
However, it is a relatively small % of total body water, so the change will be relatively small from glycogen loaded to depleted.

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I posted this also on Bikeforums. A guy responded seeing the same thing I do. That when he burns some glycogen, the tied up water weight doesn't immediately come off in sweat during the exercise. But that he would pee it out later.

Same for me.

I did a pretty much all glycogen hard ride Tuesday evening. Post workout weight showed a higher than avg water %. Next morning, had peed that out and back to normal balance of %'s.

The question here was kind of to see how much water I needed to drink to rehydrate, as sometimes I'm not super good at that and know it can make recovery better.

I was going to use the scale post-workout to see how much to drink. But, the temporary higher water % weight really threw me off!

Now I know how to look at it, I think I'll just go to sipping water till my pee is good since it looks I can't rely on the scale. At the same time, this may be useful in summer with heavy sweating as I'm sure my overall weight will be down even if the % is "off" temporarily.