You're right, but checking for null is not terribly expensive compared to iterating over a linked list.
From a black box, zero-knowledge, perspective it’s maybe worth remembering that code built this way successfully runs mission critical systems all over the world every day. Thoughtful people would have switched to other (slower, more pedantic) systems if doing things differently was a real overall life improvement. People have had the choice, there are plenty of OS’s out there... some far more formal/pedantic. Linux wasn’t the safe choice back in the day, it was just better by several important metrics consistently over time.
Perhaps these insanely experienced kernel devs know what they are doing.