You'd be excluding many small CPUs which exist within other chips running very specialized code.
As profiles mandate these instructions anyway, there's no good reason to complicate the most basic RISC-V possible.
RISC-V is the ISA for everything, from the smallest such CPUs to supercomputers.
To the best of my knowledge (and Google-fu), 26K really isn't a lot of transistors for an embedded MCU - at least not a fully-featured 32-bit one comparable to a minimal RISC-V core. An ARM Cortex M0, which is pretty much the smallest thing out there, is around 10K gates => around 40K transistors. This is also around the same size as a minimal RISC-V core AFAICT.
The ARM core has a shifter, though.
There are many chips in the market that do embed 8051s for janitorial tasks, because it is small and not legally encumbered. Some chips have several non-exposed tiny embedded CPUs within.
RISC-V is replacing many of these, bringing modern tooling. There's even open source designs like SERV that fit in a corner of an already small FPGA, leaving room for other purposes.
(Although I do have to eat my words here - I didn't check that Wikipedia page, and it does actually list a ~6K RISC-V core! It's an experimental academic prototype "made from a two-dimensional material [...] crafted from molybdenum disulfide"; I don't know if that construction might allow for a more efficient transistor count and it's totally impractical - 1KHz clock speed, 1-bit ALU, etc. - for almost any purpose, but it is technically a RISC-V implementation significantly smaller than 26K)