When 4 users sharing 2 licenses, only 2 users can use 2 licenses and other 2 users cannot use them at the same time, correct?

I have a question to ask you regarding our 2 licenses we have.
Our department CSS uses one license with my colleague and I.
Another department PWT, there will be two persons using one license like our department.

We know that when two people use one license sharing together, when one of them are using, the other one cannot use it.

Now 4 people install 2 licenses on their pcs, that means only two people can use at the same time, correct?

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