Almost seems like a valve spring is broken on one of the #4 cylinder's valves, and the separator rings between the Intake and Exhaust valves is bonded to them both, locking them together; but all of that seems pretty far-fetched.
Other possibility is that the camshaft broke between the I and E lobes on #4 and the back portion slipped about 90-130 degrees before hanging up on the front half. Broken cranks can do odd things and still get locked back together so why not a cam? The timing of the intake and exhaust valves on 5 and 6 would be out of proper sequence relative to 1, 2, and 3 if this was the case; i.e., you would not see a valve open every 120 degrees of crank rotation.
Turn the crank backwards by hand and see if the 4E and the 5 and 6 don't move for a while as the front valves are working.