The Hell-Volhard-Zelinsky (HVZ) reaction specifically brominates the α-carbon of car boxylic acids and can lead to lactone formation through intramolecular cyclization.
The reaction involves the bromination of the α-carbon atom of a carboxylic acid in the presence of bromine (Br2) and sodium bicarbonate (NaHCO3).
Conclusion: The major product is represented by option (4).