Verified by upgrading from CNV-v4.9.4-58 to v4.9.5-58:
=========
[cnv-qe-jenkins@c01-dbn-494-v5zkf-executor ~]$ kubectl get clusterversion 
NAME      VERSION   AVAILABLE   PROGRESSING   SINCE   STATUS
version   4.9.38    True        False         6h56m   Cluster version is 4.9.38
[cnv-qe-jenkins@c01-dbn-494-v5zkf-executor ~]$ kubectl get csv -n openshift-cnv
NAME                                      DISPLAY                    VERSION   REPLACES                                  PHASE
kubevirt-hyperconverged-operator.v4.9.4   OpenShift Virtualization   4.9.4     kubevirt-hyperconverged-operator.v4.9.3   Succeeded
[cnv-qe-jenkins@c01-dbn-494-v5zkf-executor ~]$ kubectl get csv -n openshift-cnv
NAME                                      DISPLAY                    VERSION   REPLACES                                  PHASE
kubevirt-hyperconverged-operator.v4.9.5   OpenShift Virtualization   4.9.5     kubevirt-hyperconverged-operator.v4.9.4   Succeeded
[cnv-qe-jenkins@c01-dbn-494-v5zkf-executor ~]$ kubectl get hco kubevirt-hyperconverged -n openshift-cnv -o json | jq ".status.versions
> "
[
  {
    "name": "operator",
    "version": "v4.9.5"
  }
]
[cnv-qe-jenkins@c01-dbn-494-v5zkf-executor ~]$ kubectl get hco kubevirt-hyperconverged -n openshift-cnv -o json | jq ".status.conditions"
[
  {
    "lastTransitionTime": "2022-06-13T14:01:34Z",
    "message": "Reconcile completed successfully",
    "observedGeneration": 2,
    "reason": "ReconcileCompleted",
    "status": "True",
    "type": "ReconcileComplete"
  },
  {
    "lastTransitionTime": "2022-06-13T20:48:05Z",
    "message": "Reconcile completed successfully",
    "observedGeneration": 2,
    "reason": "ReconcileCompleted",
    "status": "True",
    "type": "Available"
  },
  {
    "lastTransitionTime": "2022-06-13T20:48:05Z",
    "message": "Reconcile completed successfully",
    "observedGeneration": 2,
    "reason": "ReconcileCompleted",
    "status": "False",
    "type": "Progressing"
  },
  {
    "lastTransitionTime": "2022-06-13T20:48:05Z",
    "message": "Reconcile completed successfully",
    "observedGeneration": 2,
    "reason": "ReconcileCompleted",
    "status": "False",
    "type": "Degraded"
  },
  {
    "lastTransitionTime": "2022-06-13T20:48:05Z",
    "message": "Reconcile completed successfully",
    "observedGeneration": 2,
    "reason": "ReconcileCompleted",
    "status": "True",
    "type": "Upgradeable"
  }
]
[cnv-qe-jenkins@c01-dbn-494-v5zkf-executor ~]$

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 Virtualization 4.9.5 Images), 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/RHEA-2022:5389