Those dropdown options found under ‘Typography’
/********************************
UPDATE EDITOR FONT SIZES
********************************/
add_theme_support( 'editor-font-sizes', array(
array(
'name' => esc_attr__( 'Small', 'themeLangDomain' ),
'size' => 12,
'slug' => 'small'
),
array(
'name' => esc_attr__( 'Regular', 'themeLangDomain' ),
'size' => 16,
'slug' => 'regular'
),
array(
'name' => esc_attr__( 'Large', 'themeLangDomain' ),
'size' => 36,
'slug' => 'large'
),
array(
'name' => esc_attr__( 'Huge', 'themeLangDomain' ),
'size' => 50,
'slug' => 'huge'
),
array(
'name' => esc_attr__( 'Uppercase', 'themeLangDomain' ),
'size' => 34,
'slug' => 'uppercase'
)
) );