That Noctua Hub does NOT convert power down to 5 VDC for your fans. If I understand its description correctly, it is a normal 4-pin PWM fan HUB for use with fans requiring 12 VDC power, so that is what the fans will get. NOT suited to your use.
BUT is also has another feature of its design. IF you do NOT connect it to a SATA power supply from the PSU then it gets only what comes into it from a mobo header via its signal input cable. So IF your mobo header is DESIGNED for 5VDC fans AND PWM speed control, then the unit acts like a SPLITTER (that is, it takes NO power from the PSU and relies on the power from the header). So IF your special mobo header supplies only 5 VDC from Pin #2, plus the PWM signal on Pin #4, this unit CAN be used with your fans. However, IF your mobo had such an odd header, you would not need this unit!
You can NOT power your 5VDC fans from a USB connection. A typical 12 VDC fan consumes up to 0.15A current, or 1.8 W. For a 5VDC fan of similar airflow capacity, 1.8 W would require 0.36 A current PER FAN. A standard USB2 port can supply up to 0.5 A; a USB3 port can supply up to 0.9 A. So youd need to dedicate one USB port to EACH of your four fans. THEN you get fans at full speed but NO speed control.
I do NOT recommend for your situation the Low Noise Adapters supplied by Noctua. They are just series resistors in the power supply line to the fan. Each is designed for a Noctua fan requiring 12 VDC and a max current of about 0.1 A, and with a resistance value just right to reduce the VOLTAGE at the fan from 12 VDC to NOT less than 5 VDC so it will run slow but not stall. Recognize here that the Voltage reduction the adapter achieves depends entirely on the CURRENT flowing through the circuit and that depends on the motor "resistance". The adapter is NOT a Voltage Regulator.
For the following assume you use the adapter with LESS speed reduction, so the Voltage to the fan is maybe 9 VDC. Now the FAN motor very roughly acts like a resistance of 120 Ohms (12 / 0.10). So suppose the adapter for will cut fan voltage to 9 VDC from 12 when in series with the motor. It would need a resistance of about 40 Ohms to do that. NOW assume you use that with your 5 VDC motor that has a different "resistance" of about 5 / 0.24 = 21 Ohms. (That is calculated by assuming the motor WATTS is also 1.2 W like the 12 V motor to deliver similar air flow.) Put that 21 Ohms in series with a 40 Ohm resistor from the 12 VDC line of the fan header, and you find that the MOTOR will receive about 4.1 Volts, and would run but not at top speed. HOWEVER, all that makes a LOT of "ASSUMED" and "GUESS" numbers. We do NOT know what really IS in the adapters and the real motor characteristics. Without that you take a HUGE gamble!
NOTE that doing all that is for having only ONE fan on that adapter. So you would need FOUR such adapters for your four fans. FURTHER, you still have the issue of getting speed control for them via the PWM signal.
Technically, the much better way to do this is to replace those fans with 12 VDC models. If you cannot, there's a lot of work to do to adapt to using them.