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H1B to H4 to H1B again with 6 years on H1 and I140 approved and

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My husband has been on H1b Visa for around 6 years now and his I-140 is approved 3 years ago.

He switched to a new small company 6 months ago and the company has now asked him to find different option as they are going through budget issues. We hope he has around 3-4 months of time to find a new job but if anything suitable does not work out, we are thinking of an option for him to go on H4 visa.

Once he converts to H4, will he have to go through H1b lottery again in order to go back on H1 or to join a company?

Thanks in Advance!

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