Transfer is Consequences, and it's your interview answer
The Transfer step and the Consequences question do the same job: they ask "so what?" When you can answer that clearly, you're building the answer to one of the most common interview questions there is:
"Tell me about a time you faced a challenge, and what you learned from it."
An interviewer asking this wants evidence that you can think about your own experience, not a perfect story. They want to see that you've already done the "so what" thinking instead of doing it for the first time in the interview chair. The 4C Check gives you practice doing that now, with a story you can keep revising until it's ready.
You're ready for Mile Marker #9.