Now I did a scene in AS in 4096×1716 and tried to export. But I only got this warning:

Now it gets funny.
In AS 9.5, If I click OK I get a 2K render instead of the 4K I want.
In AS 11, the same question appears, I click OK, and get a 4K render! (And sometimes a messsage that the AS exporter crashed.)
Clearly this isn't good since FFmpeg doesn't have this restriction and the resulting .mov works just fine, and TVP 10.5 32 bit which still uses the old QT engine has no problem at all rendering to these dimensions.
Could someone with v12 on a Mac please test this?