For components in parallel, system reliability is:
\[
R_s = 1 - \prod (1 - R_i)
\]
Failure probabilities:
\[
1-0.40=0.60, 1-0.60=0.40, 1-0.50=0.50, 1-0.40=0.60
\]
Multiply:
\[
0.60 \times 0.40 \times 0.50 \times 0.60 = 0.072
\]
Thus:
\[
R_s = 1 - 0.072 = 0.928
\]
\[
\boxed{0.928}
\]