For coloured-shape sequence problems:
\begin{itemize}
\item Track one colour at a time,
\item Look for consistent directional shifts,
\item Overlap regions often confirm correct alignment.
\end{itemize}
Step 1: Observe the sequence of figures from left to right. Each figure contains the same coloured shapes (green, orange, pink, blue, and grey) arranged within a square.
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Step 2: From one figure to the next:
\begin{itemize}
\item The coloured shapes shift position in a consistent manner,
\item Overlapping regions (grey) move according to the relative overlap of colours,
\item The orientation and shape of each coloured block remain unchanged.
\end{itemize}
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Step 3: Track a single colour (for example, the blue block). It moves stepwise across the sequence in a fixed direction. The same directional shift is observed for the other colours.
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Step 4: Apply the same positional transformation from the third figure to obtain the missing fourth figure.
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Step 5: Comparing the result with the options:
\begin{itemize}
\item Options A, B, C: At least one colour is incorrectly placed or overlapped.
\item Option D: All coloured shapes follow the established movement and overlap pattern — correct.
\end{itemize}
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Final Answer:
\[
\boxed{D}
\]
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