Steps to reproduce:
Release: 4.13.0-0.nightly-2022-11-30-183109 (latest 4.12 nightly as well)
Create a HyperShift cluster on AWS, wait til its completed rolling out
Upgrade the HostedCluster by updating its release image to a newer one
Observe the 'network' clusteroperator resource in the guest cluster as well as the 'version' clusterversion resource in the guest cluster.
When the clusteroperator resource reports the upgraded release and the clusterversion resource reports the new release as applied, take a look at the ovnkube-master statefulset in the control plane namespace of the management cluster. It is still not finished rolling out.

Expected: that the network clusteroperator reports the new version only when all components have finished rolling out.