It's a little unusual for a tall bearded iris to be that tall, but there are around 200 with a registered height of 48 inches or more. There are also over a 1000 TBs with a registered height between 42 and 48 inches. Many of those would probably grow past four feet under the right conditions.
I had a TB seedling last year that topped out at over 60 inches tall so they are certainly capable of reaching 4 feet plus. I suspect most really tall TBs end up in the compost pile (like my seedling). The taller they are, the more vulnerable they are to weather, particularly wind.