重叠记忆单元在共享工具或实体时提升检索效果，否则反而有害。

Long-horizon large language model (LLM) agents accumulate interaction trajectories that quickly exceed any practical prompt budget, and existing memory methods either truncate aggressively and lose non-local evidence or retain boilerplate that degrades decision quality. We ask a mechanism question rather than claiming a better general-purpose memory system: when does organizing trajectory memory into overlapping semantic units (OSUs) -- groups of related steps in which one step may belong to several units -- help retrieval over flat or disjoint alternatives? We instantiate this in OSU-Mem, which retrieves from an overlapping OSU pool via budgeted coarse-to-fine expansion, and show its benefit is conditional: overlapping memory helps when the evidence steps a query needs share tool calls or entities, but hurts when those steps are fully heterogeneous and share neither. On a synthetic benchmark where evidence carries such shared structure by construction, OSU-Mem improves over the strongest baseline as the theory predicts; yet on a concatenated, constructed unaugmented $τ$-bench setting its aggregate advantage over flat retrieval vanishes. Splitting queries by whether their evidence shares tools and entities shows this near-tie to be an artifact of mixing query types rather than a property of either method, and ToolBench, a controlled probe built to carry shared structure by design, corroborates the same mechanism via an overlap-vs.-disjoint construction contrast (under a coverage-guided variant), isolating the construction principle rather than validating the full default system. Because the relevant sharing is cheaply estimable from metadata, the analysis yields a metadata-based heuristic for predicting when overlap is likely to improve retrieval. We deliberately isolate the retrieval layer, assessed by retrieval quality and an LLM-mediated evidence-selection stage.