Step 1: Set up the condition for a valid cut.
Since the two pieces must be identical in shape, the cutting line has to pass through the exact centre of the 4x4 grid and be symmetric under a half-turn about that centre point.
Step 2: Trace paths from one edge to the opposite edge.
Every valid cut is a path drawn along grid lines from one outer edge of the square to the point directly opposite it through the centre, moving only up, down, left or right one grid step at a time.
Step 3: Count the distinct symmetric paths.
Listing these paths out, from the plain straight line to the different step patterns that stay symmetric about the centre, gives a total of six distinct valid cuts across the whole grid.
Step 4: Remove the one already shown.
Figure Q shows one of these six paths, so the number of other ways to make such a cut is
\[ 6 - 1 = 5 \]