We consider ancient noncollapsed mean curvature flows in R 4 whose tangent flow at −∞ is a bubble-sheet. We carry out a fine spectral analysis for the bubble-sheet function u that measures the deviation of the renormalized flow from the round cylinder R 2 × S 1 ( √ 2) and prove that for τ → −∞ we have the fine asymptotics u(y, θ, τis a symmetric 2 × 2matrix whose eigenvalues are quantized to be either 0 or −1/ √ 8. This naturally breaks up the classification problem for general ancient noncollapsed flows in R 4 into three cases depending on the rank of Q. In the case rk(Q) = 0, generalizing a prior result of Choi, Hershkovits and the second author, we prove that the flow is either a round shrinking cylinder or R×2d-bowl. In the case rk(Q) = 1, under the additional assumption that the flow either splits off a line or is selfsimilarly translating, as a consequence of recent work by Angenent, Brendle, Choi, Daskalopoulos, Hershkovits, Sesum and the second author we show that the flow must be R×2d-oval or belongs to the one-parameter family of 3d oval-bowls constructed by Hoffman-Ilmanen-Martin-White, respectively. Finally, in the case rk(Q) = 2 we show that the flow is compact and SO(2)-symmetric and for τ → −∞ has the same sharp asymptotics as the O(2) × O(2)-symmetric ancient ovals constructed by Hershkovits and the second author. The full classification problem will be addressed in subsequent papers based on the results of the present paper. Contents 1. Introduction 1.1. Main results 1.2. Outline of the proofs 2. Fine bubble-sheet analysis and almost symmetry 2.1. Basic bubble-sheet setup 2.2. Graphical radius 2.3. Almost symmetry 2.4. Evolution expansion 3. Proof of the bubble-sheet quantization theorem 1 2 WENKUI DU, ROBERT HASLHOFER 3.1. Derivation of the spectral ODEs 18 3.2. Quantized asymptotics of the spectral ODEs 21 4. The fully-degenerate case 26