Step 1: Einstein's photoelectric relation.
K_max = h f - φ, where K_max depends linearly on frequency f, not on light intensity I.
Step 2: Photocurrent dependence.
The number of ejected electrons, and hence current, scales with photon count, i.e., proportional to intensity.
Step 3: Stopping potential.
V₀ = K_max/e depends only on frequency, independent of intensity.
Step 4: Identifying the false claim.
Statement (4) says stopping potential is proportional to intensity, which is incorrect.