Question about Transcend JetDrive Lite 330

Work: yes, of course. The M4 MacBooks also have an SDXC card slot where the Transcend card fits in and that is actually the only requirement that a notebook has to fulfil for the whole thing to work.

No idea but on my Pro 2023 M2 16" it works.
I can't think of any reason why it wouldn't work. To be continued