Can I install Cubase 12 on multiple machines with 2 licences?

So I have:
Imac Pro
Imac Retina 5K
Macbook Pro
Macbook Air

Can I install the licences on all of those machines and use them when needed (knowing I’ve only purchased 2 licences) - assuming that because there’s no dongle and it’s based on an internet connection to check it - or is it linked in with the hardware it’s installed on ?

I’m confused about the new licensing system.

you can install the software on all 4 machines but you can only activate 3 licenses at a time. If you want to change to the 4th machine you would have to deactivate a license on one of the licensed machines and then activate it on the new one.

Read the section called, “USE ON MULTIPLE MACHINES”