Verified this bug on 4.8.0-0.nightly-2021-08-17-004424 with steps in https://bugzilla.redhat.com/show_bug.cgi?id=1959798#c13
OpenShift engineering has decided to NOT ship 4.8.6 on 8/23 due to the following issue. https://bugzilla.redhat.com/show_bug.cgi?id=1995785 All the fixes part will be now included in 4.8.7 on 8/30.
Since the problem described in this bug report should be resolved in a recent advisory, it has been closed with a resolution of ERRATA. For information on the advisory (OpenShift Container Platform 4.8.9 bug fix), and where to find the updated files, follow the link below. If the solution does not work for you, open a new bug report. https://access.redhat.com/errata/RHBA-2021:3247