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The wait step will wait 4 hours and then wait until the very next "Mon-Fri", which would be at 12a on Monday. But what you can do is choose a time for "Must End On" so the email flow step executes at that time of the day on Monday.
Wait 4 hours
Duration: 4 hours
Must End On: Mon-Fri 1:00PM
Step #2: Send Email (email will be sent Mon at 1:00PM)
If a lead runs through on Monday at 11AM, they will wait 4 hours (Mon 3PM) and then have to wait until the next Mon-Fri at 1PM, which will be Tues at 1PM.
You can learn a bit more here: Wait - Marketo Docs - Product Docs
Thanks, Devraj. I know that I can set a specific time, but I wasn't sure what would happen if I left option that blank. I appreciate your response.