In this case, the grounded conductor is not shared beyond the receptacle because there is not 2 circuits extending past the receptacle.
I'll admit, this scenario, with a garbage disposal switch being at the end of the extension from the duplex receptacle outlet makes this a little hard to talk about without getting over into "is a switch an outlet?". . . I don't want to sidetrack into that, to be very clear.
The thing I have trouble with, with thinking about a single energized conductor and the grounded conductor extending from the duplex receptacle outlet box, is how a single MWBC becomes multiple circuits. . . The definition (in Article 100) of a MWBC is that it is "a branch circuit. . . " And the definition of Branch Circuit is the wiring from the final OCPD to the Outlets.
So, a MWBC exists from the final OCPD to the Outlets . . . "to the Outlets", not to some arbitrary Outlet in the middle of other Outlets.
Although I "know" the hazard of the voltage swings related to an Open Neutral, the NEC language of 300.13(B) and the Definitions DON'T include anything more than "continuity" of the grounded conductor. I can't see how the language can be excluded from covering the neutral that is extended with only one energized conductor, as it is written.
Here: put it another way. What you want to call "1 circuit" (hot and neutral) is an extension from "1 circuit" (MWBC) . . . and the grounded conductor throughout has to follow 300.13(B), IMO.