No. You'll be doing an actual bind off. If it wanted you to knit 4 stitches together it would say k4tog. Knitting 4 stitches together will give you a very tight grouping of stitches being pulled together. It will be tight, it will be squeezed, and it will not give you the look you want. Binding off stitches you do one at a time and will give you a line of stitches taht will be bound off over longer distance, so no bunching.
The way you do it is to knit the first stitch, then knit the second stitch, then pass the first knit stitch on the right needle over the second stitch and then off the needle. That is one bind off. Then you knit one more stitch and pass the first stitch on the needle over the stitch you just knit. That would be the second bind off stitch. You do that until you've pulled 4 stitches off the needle.
OTN: Jeckyl and Hyde Hat, Shetland Shortwrap( )
FO: Lacey Stole, Library Capelet, Dead Fish Hat, Tree Bark Scarf