Failed to update OS during upgrade in OpenShift Container Platform 4

Issue

Unable to update OS during upgrade workflow in OpenShift Container Platform 4 with node error:

2022-02-28T16:25:59.939478833+00:00 stderr F E0228 16:25:59.939128  224060 writer.go:135] Marking Degraded due to: failed to update OS to quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:<ID_HERE> : error running rpm-ostree rebase --experimental /run/mco-machine-os-content/os-content-<ID_HERE>/srv/repo:<ID_HERE> --custom-origin-url pivot://quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:<ID_HERE> --custom-origin-description Managed by machine-config-operator: error: Transaction in progress: rebase --experimental '/run/mco-machine-os-content/os-content-163736495/srv/repo:<ID_HERE>' --custom-origin-url 'pivot://quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:<ID_HERE>' --custom-origin-description 'Managed by machine-config-operator' 

2022-02-28T16:25:59.939478833+00:00 stderr F : exit status 1

MachineConfig operator is not able to proceed with remaining tasks and finish update.