1. You are saying recording stops after 4 GB.
2. Screen snapshot shows second file *.M00
*.M00 (+*M01, M02, ...) will be created if "Files > 4 GiB" is turned OFF.
The only explanation is: Your card does *not* host ExFAT file system but FAT32.
-> After turning setting ON ML must generate an error because writing beyond 4 GiB on FAT32 is just not possible.
So, please, format your card using ExFAT (has to be done using cardreader). You have to reinstall ML to make card bootable again. And don't format card in cam after that or you will set back to FAT32 again.