Latest status is that 4.12 has a possible fix which must be verified before 4.11 backport can happen. Sasha tested the 4.12 fix but the issue is still occurring.
The issue reproduced with: VERSION="411.86.202209211811-0" PRETTY_NAME="Red Hat Enterprise Linux CoreOS 411.86.202209211811-0 (Ootpa)" OPENSHIFT_VERSION="4.11" RHEL_VERSION="8.6" OSTREE_VERSION="411.86.202209211811-0"
@sasha can you please open an OCPBUG on the crio team?